General Announcement::Change in Board of Directors Composition

Issuer & Securities

Issuer/ Manager
SCOTIABANK CHILE
Securities
SCOTIABANK USD125M2.16%N261110 - XS2401677948 - FZVB
SCOTIABANK AUD30M2.75%N261216 - XS2423023204 - PNWB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Oct-2022 04:42:32
Status
New
Announcement Sub Title
Change in Board of Directors Composition
Announcement Reference
SG221001OTHRIGK0
Submitted By (Co./ Ind. Name)
Miguel Royo
Designation
Director International Funding & Investor Relations
Effective Date and Time of the event
30/09/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
In accordance with the articles 9 and 10 of the Chilean Securities Market Law N 18,045 and the Chapter N 18-10 of the Updated Compilation of Rules for Banks we inform you the following material information of Scotiabank Chile ( The Bank ):
As of this date, the Board of Directors of Scotiabank Chile has unanimously agreed to request the authorization of the Comisi n Para el Mercado Financiero ( CMF hereinafter), to call an extraordinary shareholder meeting to propose the reduction in the number of members of the board from 11 directors and 2 alternate directors to 7 directors and 1 alternate director. This request has been made in compliance with the article 49 bis, subsection 2 of the General Banking Law.
This change is in line with current ownership structure of the Bank as Scotiabank Chile is 99.8% controlled by Nova Scotia Inversiones Limitada (Subsidiary of The Bank of Nova Scotia), having the right to effectively name 100% of the members of the Board.

Rafael Bilbao
General Counsel Scotiabank Chile
(Free translation of Spanish Communication)

Attachments

Communication of Material Fact.pdf
Total size =104K