BCH » Topics » MAJOR SHAREHOLDERS

This excerpt taken from the BCH 20-F filed Jun 29, 2009.

MAJOR SHAREHOLDERS

The following table sets forth certain information regarding the ownership of outstanding shares as of June 17, 2009 for the following:

 

   

each person or entity who is known by us to own beneficially more than 5% of our outstanding share capital or voting power; and

 

   

our Directors and members of our executive management group, as a group.

 

Name

   Amount Owned    Percentage(1)  

LQ Inversiones Financieras S.A. and SM Chile S.A.(2)

   67,756,773,175    82.08

Jacob Ergas(3)

   4,802,102,236    5.82

Directors and executive officers as a group (28 persons)

   18,207,884    0.02

 

(1) Percentages are based on 82,551,699,423 common shares outstanding as of June 17, 2009. This number includes 73,834,890,472 ordinary shares and 8,716,808,951 ordinary shares of the series “Banco de Chile-S,” which resulted from the merger with Citibank Chile.

 

(2) LQ Inversiones Financieras S.A. (“LQIF”) holds these shares directly and indirectly through SM-Chile S.A. In connection with the Framework Agreement executed between Citigroup, Inc. and Quiñenco S.A. in July 2007 and following the merger of Citibank Chile into Banco de Chile, Citigroup became a shareholder of LQIF. As of June 17, 2009, Citigroup is the owner of 32.96% of LQIF and Quiñenco directly and indirectly owns 67.04% of LQIF. Regardless of any increase in participation by Citi, however, the agreement provides that Quiñenco will remain in control of LQIF and the corporations that are directly or indirectly controlled by LQIF. Accordingly, Quiñenco will maintain the power to elect the majority of the directors of LQIF, SM-Chile and Banco de Chile. As of December 31, 2008, members of the Luksic family or their affiliates beneficially owned 83.1% of the common shares of Quiñenco S.A. Mr. Andronico Luksic and Mr. Guillermo Luksic are members of our Board of Directors.

 

(3) Mr. Jacob Ergas, a member of our Board of Directors, holds his shares through Ever I Bae S.A., Ever Chile S.A. and Inversiones Aspen Ltda., which are holding companies under his control.
This excerpt taken from the BCH 20-F filed Jun 27, 2008.

MAJOR SHAREHOLDERS

The following table sets forth certain information regarding the ownership of outstanding shares as of June 18, 2008 for the following:

 

   

each person or entity who is known by us to own beneficially more than 5% of our outstanding share capital or voting power; and

 

   

our directors and members of our executive management group, as a group.

 

Name

   Amount Owned    Percentage(1)  

LQ Inversiones Financieras S.A. and SM Chile S.A.(2)

   66,701,015,515    82.36 %

Jacob Ergas(3)

   4,651,734,913    5.75 %

Directors and executive officers as a group (28 persons)

   16,591,448    0.02 %

 

(1) Percentages are based on 80,879,895,984 common shares outstanding as of June 18, 2008. This number includes 72,436,034,844 ordinary shares and 8,443,861,140 ordinary shares of the series “Banco de Chile-S,” which resulted from the merger of Citibank Chile with and into the Bank

 

(2) LQ Inversiones Financieras S.A. (“LQIF”) holds these shares directly and indirectly through SM-Chile S.A. In connection with the framework agreement executed between Citigroup, Inc. and Quiñenco S.A. in July 2007 and following the merger of Citibank Chile into Banco de Chile, Citigroup became a shareholder of LQIF. As of May 23, 2008, Citigroup is the owner of 32.96% of LQIF and Quiñenco directly and indirectly owns 66.98% of LQIF. Regardless of any increase in participation by Citi, however, the agreement provides that Quiñenco will remain in control of LQIF and the corporations that are directly or indirectly controlled by LQIF. Accordingly, Quiñenco will maintain the power to elect the majority of the directors of LQIF, SM-Chile and Banco de Chile. As of December 31, 2007, members of the Luksic family or their affiliates beneficially owned 82.9% of the common shares of Quiñenco S.A. Mr. Andronico Luksic and Mr. Guillermo Luksic are members of our board of directors.

 

(3) Mr. Jacob Ergas, a member of our board of directors, holds his shares through Ever I Bae S.A., Ever Chile S.A. and Inversiones Aspen Ltda., which are holding companies under his control.
This excerpt taken from the BCH 20-F filed Jun 29, 2007.

MAJOR SHAREHOLDERS

The following table sets forth certain information regarding the ownership of outstanding shares as of May 10, 2007 for the following:

 

   

each person or entity who is known by us to own beneficially more than 5% of our outstanding share capital or voting power; and

 

   

our directors and members of our executive management group, as a group.

 

Name

   Amount Owned    Percentage(1)  

Quiñenco S.A. (2)

   14,757,967,055    21.11 %

Jacob Ergas (3)

   4,481,947,063    6.41 %

SM-Chile S.A.

   40,732,220,639    58.26 %

Directors and executive officers as a group (27 persons)

   16,936,473    0.02 %

(1) Percentages are based on 69,920,023,865 common shares outstanding as of May 10, 2007.

 

(2) As of December 31, 2006, members of the Luksic family or their affiliates beneficially owned 82.9% of the common shares of Quiñenco S.A. Mr. Andronico Luksic and Mr. Guillermo Luksic are members of our board of directors. Quiñenco S.A. holds 21.11% of our shares directly and indirectly through LQ Inversiones Financieras S.A.

 

(3) Mr. Jacob Ergas, a member of our board of directors, holds his shares through Ever I Bae S.A., Ever Chile S.A. and Inversiones Aspen Ltda., which are holding companies under his control.
This excerpt taken from the BCH 20-F filed Jun 26, 2006.

MAJOR SHAREHOLDERS

The following table sets forth certain information regarding the ownership of outstanding shares as of May 11, 2006 for the following:

 

    each person or entity who is known by us to own beneficially more than 5% of our outstanding share capital or voting power; and

 

    our directors and members of our executive management group, as a group.

 

Name

   Amount Owned    Percentage(1)  

Quiñenco S.A. (2)

   14,307,782,107    20.72 %

Jacob Ergas (3)

   4,544,909,033    6.58 %

SM-Chile S.A.

   40,732,213,763    59.00 %

Directors and executive officers as a group (27 persons)

   18,737,067    0.03 %

(1) Percentages are based on 69,037,564,665 common shares outstanding as of May 11, 2006.
(2) As of December 31, 2005, members of the Luksic family or their affiliates beneficially owned 82.8% of the common shares of Quiñenco S.A. Mr. Andronico Luksic and Mr. Guillermo Luksic are members of our board of directors.
(3) Mr. Jacob Ergas, a member of our board of directors, holds his shares through Ever I Bae S.A., Ever Chile S.A. and Inversiones Aspen Ltda., which are holding companies under his control.
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