FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of November 26, 2012
Commission File Number 001-15266
BANK OF CHILE
(Translation of registrants name into English)
Ahumada 251
Santiago, Chile
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If Yes is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
BANCO DE CHILE
REPORT ON FORM 6-K
Attached is a Press Release issued by Banco de Chile (the Bank) on November 24, 2012, regarding the time table of Banco de Chiles capital increase and the placement process that is furnished as provided in Rule 135c under the Securities Act.
Banco de Chile (the Bank) announced the launch of the preferential rights offering in connection with the capital increase approved by Banco de Chiles shareholders in October 2012.
Pursuant to the capital increase the Bank is authorized to issue 3,939,489,442 (Banco de Chile-T series) cash shares. Banco de Chile-T series shares will have the same rights as Banco de Chiles ordinary shares, except that the holders of Banco de ChileT series shares will not receive dividends or fully paid-in shares in respect to Banco de Chiles net distributable earnings for fiscal year 2012. Once any dividends and/or fully paid-in shares are distributed, the Banco de Chile-T series shares will automatically convert to Banco de Chile ordinary shares.
Banco de Chile shareholders, with the exception of Sociedad Matriz del Banco de Chile S.A., and Sociedad Administradora de la Obligacion Subordinada SAOS S.A. (SAOS), will have preferential options to subscribe the Banco de ChileT series shares during the ordinary preemptive rights period. With respect to Sociedad Matriz del Banco de Chile S.A. shareholders, shareholders of series A, B, D, and E shares will also have the option to purchase additional shares during the ordinary preemptive rights period. The preferential shares of the 1,279,502,316 shares that SAOS has pledged as collateral to the Chilean Central Bank, will go to the shareholders of series A, B & D of Sociedad Matriz del Banco de Chile S.A. through options that will allow them to purchase 0.10665068967 shares for every share of said series during the special preemptive rights period which will begin 15 days after the end of the ordinary preemptive rights period.
In the ordinary preemptive rights period 2,659,987,126 shares will be offered. According to the foregoing, 2,116,815,508 shares will be offered to the shareholders of Banco de Chile, which will have the option to acquire 0.04474769744 shares for each share they hold and the 543,171,618 shares of the series A, B, D and E shareholders of Sociedad Matriz del Banco de Chile S.A., will have the option to acquire 0.04474781921 new shares for each share they hold. The record date is November 29, 2012.
The price at which the shares will be sold is CLP $ 64 and shall be paid in advance.
The above described options will remain open for 30 days starting on December 5, 2012 and ending on January 3, 2013. The shareholders that do not exercise their options within the time frame waive the option. The shares that are not sold or exercised via options will be placed in the local stock markets.
The term for the issuance, subscription and payment of the shares will be three years starting October 17, 2012.
Proceeds for the capital increase will be used to increase the Banks capital base in order to strengthen the Banks business position, address growth opportunities and comply with higher capital requirements.
The following is a summary of the monthly value of Banco de Chiles shares as traded on local stock exchanges during the last 12 months:
Santiago Stock Exchange Information, Securities Stock Exchange
MONTH/YEAR |
|
VOLUME (#) |
|
TURNOVER ($) |
|
AVG. PRICE ($) |
|
November / 2011 |
|
2,695,109,379 |
|
187,589,683,218 |
|
69.60 |
|
December / 2011 |
|
1,466,130,256 |
|
100,815,936,841 |
|
68.54 |
|
January / 2012 |
|
1,065,891,815 |
|
77,261,526,442 |
|
72.52 |
|
February / 2012 |
|
517,027,906 |
|
38,767,364,728 |
|
74.98 |
|
March / 2012 |
|
707,409,299 |
|
54,308,549,525 |
|
76.83 |
|
April / 2012 |
|
474,439,910 |
|
35,703,255,180 |
|
75.25 |
|
May / 2012 |
|
571,435,209 |
|
41,745,523,919 |
|
73.05 |
|
June / 2012 |
|
762,288,940 |
|
52,298,870,185 |
|
68.64 |
|
July / 2012 |
|
479,056,218 |
|
33,059,392,641 |
|
68.95 |
|
August/ 2012 |
|
702,764,482 |
|
47,285,230,091 |
|
67.28 |
|
September / 2012 |
|
613,743,545 |
|
40,589,979,571 |
|
66.13 |
|
October / 2012 |
|
548,731,507 |
|
37,904,925,902 |
|
69.08 |
|
Santiago Electronic Stock Exchanges Information, Securities Stock Exchange
MONTH/YEAR |
|
VOLUME (#) |
|
TURNOVER ($) |
|
AVG.PRICE ($) |
|
November / 2011 |
|
186,922,703 |
|
13,024,063,322 |
|
69.67 |
|
December / 2011 |
|
395,367,942 |
|
27,118,738,881 |
|
68.93 |
|
January / 2012 |
|
76,769,178 |
|
5,565,618,414 |
|
72.70 |
|
February / 2012 |
|
71,464,530 |
|
5,316,120,830 |
|
75.05 |
|
March / 2012 |
|
79,706,274 |
|
6,093,355,010 |
|
76.66 |
|
April / 2012 |
|
38,141,737 |
|
2,867,173,525 |
|
75.20 |
|
May / 2012 |
|
103,342,021 |
|
7,506,627,950 |
|
73.46 |
|
June / 2012 |
|
268,174,883 |
|
18,502,779,563 |
|
69.69 |
|
July / 2012 |
|
48,433,871 |
|
2,996,168,967 |
|
68.99 |
|
August/ 2012 |
|
61,322,366 |
|
4,129,058,675 |
|
66.90 |
|
September / 2012 |
|
160,970,651 |
|
10,561,045,494 |
|
66.51 |
|
October / 2012 |
|
91,521,724 |
|
6,291,248,781 |
|
68.86 |
|
Valparaiso Stock Exchange Information, Securities Stock Exchange
MONTH/YEAR |
|
VOLUME (#) |
|
TURNOVER ($) |
|
AVG.PRICE ($) |
|
November / 2011 |
|
891,725 |
|
63,752,975 |
|
71.494 |
|
December / 2011 |
|
835,875 |
|
56,144,037 |
|
67.168 |
|
January / 2012 |
|
2,106,518 |
|
154,367,179 |
|
73.281 |
|
February / 2012 |
|
300,000 |
|
22,390,000 |
|
74.633 |
|
March / 2012 |
|
1,592,148 |
|
121,609,691 |
|
76.381 |
|
April / 2012 |
|
591,888 |
|
44,545,937 |
|
75.261 |
|
May / 2012 |
|
281,256 |
|
20,522,675 |
|
72.968 |
|
June / 2012 |
|
1,178,032 |
|
82,361,969 |
|
69.915 |
|
July / 2012 |
|
257,698 |
|
17,764,823 |
|
68.937 |
|
August/ 2012 |
|
2,745,204 |
|
184,985,006 |
|
67.385 |
|
September / 2012 |
|
1,341,813 |
|
87,576,987 |
|
65.268 |
|
October / 2012 |
|
1,056,456 |
|
73,002,775 |
|
69.102 |
|
The securities have not been registered under the Securities Act of 1933 (the Securities Act) or any state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and does not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.