annual report grupo security - Banco Security

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I n f o r m a t i o n o n t h e c o m p a n yI D E N T I F I C A T I O N O F T H E C O M P A N Y· NAME: Grupo Security S.A.· TYPE OF ENTITY: Open corporation· CORPORATE OBJECTS: Financial group whose object is to offer the broadest range of financial services in bothChile and abroad.· TAX NO.: 96.604.380-6· ADDRESS: Avda. Apoquindo 3150, 15th Floor, Las Condes, Santiago· TELEPHONE: (56-2) 584 4000· FAX: (56-2) 584 4001· E-MAIL: grupo@security.cl· WEB: www.security.clC O N S T I T U T I O N D O C U M E N T SThe investment company Grupo Security S.A. was formed under public deed dated February 8, 1991 before the notaryEnrique Morgan Torres. Its extract was published in the Official Gazette on February 22, 1991 and was inscribed in theSantiago Trade Register for 1991 (folio 5720, No.2820) on February 19, 1991.Grupo Security S.A. is an open corporation. On January 30, 1995, the company was inscribed in the Securities Register(No.0499) and is therefore subject to the regulatory authority of the Superintendency of Securities and Insurance.The shareholders’ meeting held on October 20, 1997 agreed to change the company’s name from Security HoldingsS.A. to the present Grupo Security S.A..O W N E R S H I PGrupo Security lacks a controller or controlling group in the terms of clause 97 of the Securities Market Law. A group ofshareholders together representing 79.03% of the share capital, are parties to an agreement regarding the assignment ofshares and have taken an active part in its management since its foundation in 1991.
annual report 2007grupo securitypage 67Since then, Grupo Security has formed and incorporated new subsidiaries and areas of development, broadening itsbusiness base in the financial sector and positioning itself as top-level group in the provision of integrated financialservices to its customers.The 12 largest shareholders in Grupo Security S.A. are:OWNERSHIP STRUCTURE OF GRUPO SECURITY S.A. AS DICIEMBRE 31, 2007NAMETAX NO.NO. OF SHARESHOLDINGACCUMULATEDHOLDINGSOC. COMERCIAL DE SERVICIOS E INV. LTDA. 79.553.600-0 326,003,627 14.81% 14.81%INMOBILIARIA VILLUCO LIMITADA 79.652.720-K 220,092,825 10.00% 24.81%INVERSIONES MATYCO LTDA. 96.512.100-5 216,407,087 9.83% 34.64%INVERSIONES HIDROELÉCTRICAS LTDA. 79.884.660-4 185,968,058 8.45% 43.09%INVERSIONES HEMACO LTDA. 96.647.170-0 143,995,177 6.54% 49.64%VALORES SECURITY S.A. CORREDORES DE BOLSA 96.515.580-5 103,498,370 4.70% 54.34%INVERSIONES LLASCAHUE LIMITADA 79.884.060-6 90,488,346 4.11% 58.45%INMOBILIARIA CAB LIMITADA 96.941.680-8 90,210,993 4.10% 62.55%INVERSIONES LOS CACTUS LIMITADA 79.884.050-9 74,800,346 3.40% 65.95%COMPAÑÍA DE INVERSIONES RÍO BUENO S.A. 96.519.130-5 60,086,262 2.73% 68.68%INVERSIONES SAN IGNACIO LIMITADA 78.063.360-3 42,196,717 1.92% 72.46%INVERSIONES CÍRCULO FINANCIERO S.A. 87.019.500-1 41,099,456 1.87% 70.54%In accordance with General Rule No.30 of the Superintendency of Securities and Insurance, the following is a detailof individuals who directly or indirectly through other individual or entities hold 10% or more of the share capital ofGrupo Security S.A., indicating the percentage they hold directly and indirectly in Grupo Security S.A. as of December31, 2007: this is the situation ofGustavo Pavez Rodríguez, tax No.4.609.215-5 and Horacio Pavez García, Tras No.3.899.021-7, with 14.81% and10.00% shareholdings respectively.P E R S O N N E L O F G R U P O S E C U R I T Y A N D R E M U N E R A T I O NGrupo Security S.A. and its subsidiaries as of December 31, 2007 employ 2,447 people, an increase of 28% over2006.Total remunerations paid to executives of Grupo Security S.A. during the year amounted to Ch$795,764,063.Grupo Security S.A. made no severance payments to its executives during 2007.
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Security produced a 148% real incre
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B O A R D O F D I R E C T O R SC H
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SUPERBRANDSSuperbrands placed Grupo
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FUNDACION CHILEUNIDO SEMINARFUNDACI
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Page 36 and 37: A R E A S O F B U S I N E S SThe fo
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Page 40 and 41: B A N C O S E C U R I T YThe missio
Page 42 and 43: • PRIVATE BANKINGThis is focused
Page 44 and 45: I N V E S T M E N T SGrupo Security
Page 46 and 47: MUTUAL FUNDS SECURITYSHORT-TERM FIX
Page 48 and 49: I N S U R A N C ET H E I N S U R A
Page 50 and 51: In terms of investment income, life
Page 52 and 53: 2.45%54.9432.71%2.04%44.1901.63%1.5
Page 54 and 55: S E R V I C E SIn order to provide
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Page 72 and 73: D I R E C T O R S ’ A L L O W A N
Page 74 and 75: D I V I D E N D S P A I DThe follow
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G R U P O S E C U R I T Y S U B S I
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A D D R E S S E S O F C O M PA N I
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