SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of the
Securities
Exchange Act of 1934
For
the month of August 2007
CREDICORP
LTD.
(Exact
name of registrant as specified in its charter)
Clarendon
House
Church
Street
Hamilton
HM 11 Bermuda
(Address
of principal executive office)
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 whether the registrant by furnishing the
information contained in
this Form 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
February
28, 2008
COMISIÓN
NACIONAL SUPERVISORA
DE
EMPRESAS Y VALORES
CONASEV
Re.:
MATERIAL EVENT
Dear
Sirs,
CREDICORP
LTD., in accordance with article 28 of the Capital Markets Law and CONASEV
Resolution for Material Events and Reserved Information and Other Communications
number 107-2002-EF/94.10, as modified by CONASEV Resolution number
009-2003-EF/94.10, complies with notifying you of the following Material
Event:
Credicorp’s
Board of Directors, in its session held on February 27, 2008, agreed to submit
for consideration and approval at the company’s Annual General Meeting of
Shareholders, which will be held on March 28, 2008, the following
matters:
1. Approved
the Annual Report of the Company for the financial year 2007.
2. Approved
the consolidated financial statements of the Company and its subsidiaries
for
the year ended December 31, 2007, including the report of the independent
auditors Medina, Zaldívar, Paredes & Asociados, a member firm of Ernst &
Young in Perú.
The
agenda of Board of Directors held on January 24, 2008 also included the
designation of the Directors of the Company for a 3 year period and their
remuneration.
3. Credicorp´s
Board of Directors, agreed to pay its shareholders a cash dividend of US$
141,573,475.50 for a total of 94,382,317 outstanding shares equivalent to
US$
1.50 per share payable on May 7, 2008 to shareholders registered as of April
16,
2008.The Board of Directors approved the distribution of dividend according
to
the bylaw of the Company and considering a total net income of US$
350,735,671.42 attained in fiscal year 2007 plus retained earnings of US$
19,007,009.00.
The
Board
of Directors also agreed to transfer US$ 228,169,294.92 to legal
reserves.
In
accordance with CONASEV Resolution No. 107-2002-EF/94.10.0, we are enclosing
the
company’s Annual Report and consolidated financial statements as of December 31,
2007 together with the external auditor’s opinion, as well as the 2007 Annual
Information Document, also approved by the Board.
Yours
faithfully,
Fernando
Palao
Credicorp
Ltd.
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.
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CREDICORP
LTD.
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|
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| Date: February 29, 2008 | By: |
/s/ Guillermo
Castillo
|
|
Guillermo Castillo |
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|
Authorized
Representative
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FORWARD-LOOKING
STATEMENTS
This
press release may contain forward-looking statements. These statements
are
statements that are not historical facts, and are based on management's
current
view and estimates of future economic circumstances, industry conditions,
company performance and financial results. The words "anticipates", "believes",
"estimates", "expects", "plans" and similar expressions, as they relate
to the
company, are intended to identify forward-looking statements. Statements
regarding the declaration or payment of dividends, the implementation of
principal operating and financing strategies and capital expenditure plans,
the
direction of future operations and the factors or trends affecting financial
condition, liquidity or results of operations are examples of forward-looking
statements. Such statements reflect the current views of management and
are
subject to a number of risks and uncertainties. There is no guarantee that
the
expected events, trends or results will actually occur. The statements
are based
on many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any changes in
such
assumptions or factors could cause actual results to differ materially
from
current expectations.