Succession of Shares
The partition process must be carried out either before a notary or before a judicial instance so that the partition has no inconveniences, because if a property is left out or an heir is left out of the process, there is the possibility of a lawsuit by any interested party who is legitimized.Succession of Shares
Deceased Shareholders:
We invite the relatives of deceased shareholders of the company to contact the Shareholders’ Service Office in order to initiate the process of transferring shares by succession. You can consult the list of deceased shareholders by clicking here.
Succession by Notarial Process:
When the heirs agree on the way in which the inheritance will be distributed, the partition process can be done before a notary public, by means of a public deed. In order to settle an inheritance before a notary public, two indispensable requirements must be met:
- All heirs must agree.
- All heirs must be capable.
If the two requirements are not met, the distribution must be made before a judge.
Documentation to be provided in case the inheritance distribution process has been carried out before a notary:
- Copy of the identity documents of the heirs, legal representative or attorney-in-fact, as the case may be.
- Authentic or authenticated copy of the public deed of succession identifying the issuer, the number of shares in whole numbers, allottee(s) and value assigned to each of the shares.
- Single Form of Binding Natural Person: Completely filled out with acknowledgment of signature and content before a Notary Public.
- Single Form of Binding Legal Entity: Completely filled out with acknowledgement of signature and content before a Notary Public.
- Transfer by Succession of Ownership of Shares.
- Form for Shareholder or Investor Data Update One for each of the heirs of the shares.
- Other documents that may be requested by Deceval S.A. centralized securities depository.
Succession by Judicial Process:
When there is no agreement among all the heirs, or someone claims a right as heir, the partition must be made before a judge. The same happens if among the heirs there is one who is legally incapable.
Documentation to be provided in case the inheritance distribution process has been carried out before a judge:
- Copy of the identity documents of the heirs, legal representative or attorney-in-fact, as the case may be.
- Authentic or authenticated copy of the judicial sentence of succession, identifying the issuer, the number of shares in whole numbers, the successful bidder and the value assigned to each of the shares.
- Single Form of Binding Natural Person: Completely filled out with acknowledgment of signature and content before a Notary Public.
- Single Form of Binding Legal Entity: Completely filled out with acknowledgement of signature and content before a Notary Public.
- Transfer by Succession of Ownership of Shares.
- Form for Shareholder or Investor Data Update One for each of the heirs of the shares.
- Other documents that may be requested by Deceval S.A. centralized securities depository.
All required documents may be sent directly to the Procafecol S.A. Shareholders Service Office:
Send to
Procafecol S.A. Shareholders Service Office: Calle 73 No. 8-13, Torre A, Piso 3, Bogotá D.C. Attn. Maria Camila Lopez.
By e-mail only to the following address:
acciones.procafecol@juanvaldezcafe.com
Donation of Shares
Procafecol S.A. shareholders interested in transferring their shares to a family member or other person without monetary transaction may make a donation. In this case, they must comply with the right of first refusal, which guarantees that the shares are offered first to the company’s shareholders for a period of 15 business days. To initiate the procedure, it is necessary to present the corresponding documents.
a. Requires acknowledgment of signatures before a Notary Public.
b. Fill out a form for each grantee or beneficiary.
2. Single Form for Natural Person Binding:
a. It must be completely filled out and contain acknowledgement of signature and content before a Notary Public.
b. A format is required for each person to whom actions are assigned.
3. Form for Shareholder or Investor Relations or Update of Data
4. 150% enlarged copy of the beneficiaries’ identity documents.
5. If the donation exceeds fifty (50) legal monthly minimum wages, a notarial insinuation or judicial authorization (authentic or authenticated) must be attached, a procedure by which the judge or notary authorizes by means of a sentence or public deed the donations whose value exceeds the sum of fifty (50) monthly minimum wages.