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 registrant’s 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 Chile’s capital increase and the placement process that is furnished as provided in Rule 135c under the Securities Act.

 

2



 

Banco de Chile (the “Bank”) announced the launch of the preferential rights offering in connection with the capital increase approved by Banco de Chile’s 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 Chile’s ordinary shares, except that the holders of Banco de Chile—T series shares will not receive dividends or fully paid-in shares in respect to Banco de Chile’s 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 Chile—T 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 Bank’s capital base in order to strengthen the Bank’s business position, address growth opportunities and comply with higher capital requirements.

 

3



 

The following is a summary of the monthly value of Banco de Chile’s 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

 

 

4



 

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

 

5



 

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.

 

6



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: November 26, 2012

 

 

 

 

 

 

Banco de Chile

 

 

 

 

 

/s/ Arturo Tagle Q.

 

By: Arturo Tagle Q.

 

CEO

 

7