Itaú Corpbanca announces the results of its placement of preferential rights and its intention to proceed with a subsequent placement of preferential rights

SANTIAGO, Chile, November 04, 2021 (GLOBE NEWSWIRE) – ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) (the “Company”) has launched an offer of transferable rights (“Rights”) to subscribe to its ordinary shares, including ordinary shares represented by American Depositary Shares (“ADS”), as part of a capital increase previously announced up to 461,111,111,111 new ordinary shares of the Company, approved at an extraordinary shareholders’ meeting held by the Company on July 13, 2021 (the “Statutory pre-emptive rights offer”). The Rights Offering in Chile began on October 4, 2021 and the Rights Offering for ADS (the “ADS Rights”) began on October 5, 2021 (the “ADS Pre-emptive Rights Offering”). As previously stated, the ADS Pre-emptive Rights Offering ended at 5:00 p.m. (New York time) on October 26, 2021 and the Statutory Pre-emptive Rights Offering in Chile ended at 11:59 p.m. (Santiago, Chile) time on October 26, 2021. November 2, 2021.

The Company has been informed by The Bank of New York Mellon, custodian of its ADS traded on the New York Stock Exchange and ADS rights agent, that pre-emption rights for a total of 299,419 ADS have been exercised, representing 449,128 500 common shares. In addition, 45,806 additional ADS rights were requested in connection with the subsequent placement of statutory pre-emptive rights described below, representing 68,709,000 ordinary shares. In total, ADS Rights representing 6.6% of the total number of new ADS offered to ADS holders have been exercised. The Company has also been informed by Bank of New York Mellon that the 6,348,638,580 preferential share rights underlying the unsubscribed preferential ADS rights have been sold on local Chilean stock exchanges during the statutory preferential rights offer. .

During the 30-day mandatory period of the statutory pre-emptive rights offering in Chile, a total of 339,041,790,596 ordinary shares (including ordinary shares represented by ADSs) were subscribed and paid for, on the markets. Chilean and international, accounting for 73.5% of total new ordinary shares. shares issued as part of the aforementioned capital increase, a total of 122,069,320,515 new ordinary shares remaining unsubscribed and unpaid. On October 4, 2021, Itaú Unibanco Holding SA (“IUH”), the majority shareholder of the Company, subscribed and paid for a total of 180,848,580,767 new ordinary shares, representing approximately 39.2% of the total new ordinary shares. issued as part of the aforementioned capital increase. In addition, as previously reported by the Company, ITB Holding Brasil Participações Ltda. (“ITB”), an affiliate of IUH, exercised in full the 76,166,437,592 rights which had been transferred to an affiliated company of IUH as a creditor of Corp Group Banking SA (“CorpGroup”) and as authorized by the United States Bankruptcy Court for the District of Delaware in connection with CorpGroup’s claim for protection with the United States Bankruptcy Court (these rights amounting to the subscription and payment by ITB of a total of 76,166,437,592 new ordinary shares representing approximately 16.5% of the total of new ordinary shares issued in the aforementioned capital increase). In total, during the offer of statutory pre-emptive rights, IUH and its affiliates subscribed and paid a total of 257,015,018,359 new ordinary shares, representing 55.7% of the total of new ordinary shares issued under of the aforementioned capital increase. IUH and its affiliates held 53.79% of the Company’s ordinary shares at the end of the statutory pre-emptive rights offer.

The story continues

As described in the Prospectus Supplement (the “Prospectus Supplement”), dated October 4, 2021 and filed with the United States Securities and Exchange Commission (the “SEC”) on November 4, 2021, the Board of administration of the Company has authorized the The Company will offer (the “Subsequent Statutory Pre-emption Rights Offer”) the 122,069,320,515 ordinary shares which remained unsubscribed following the Statutory Pre-emption Rights Offer on a proportional to holders who have exercised all of their rights within the framework of the Statutory Pre-emption Rights Offer, of which 162,573,660 ordinary shares represented by ADSs will be allocated to holders who have exercised all of their ADS Rights in under the ADS Pre-emptive Rights Offering and have requested additional ADS Rights, as described in the Prospectus Supplement. The subsequent placement of statutory pre-emptive rights will begin on November 11, 2021 and end at 11:59 p.m. (Santiago, Chile time) on November 16, 2021, as further detailed in the prospectus supplement.

The holders of subscription rights in Chile will receive delivery of their new ordinary shares through the Chilean clearing system, the Depósito Central de Valores SA, Depósito de Valores (“DCV”) at the time of subscription and payment of the price. subscription, both within the framework of the placement of statutory pre-emption rights and the subsequent placement of statutory pre-emption rights. All subscribing ADS rights holders will receive delivery of their new ADSs upon closing of the subsequent statutory pre-emptive rights offering.

A registration statement on Form F-3ASR relating to the securities offered in the United States under the Rights Offerings and a prospectus supplement to the prospectus contained therein have been filed with the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such an offer would be illegal, and it does not there will also be no sale of these titles. in any state or jurisdiction in which such offering, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction.

JP Morgan, Itaú BBA and BTG Pactual act as global coordinators for the offers described here. Larrain Vial acts as bookrunner for the offers described here.

A prospectus and prospectus supplement relating to this offering may be obtained from: JP Morgan Securities LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by mail electronic to prospectus- [email protected]; Itau BBA USA Securities, Inc., 540 Madison Avenue 24th Floor, New York, New York 10022, Attention: Equity Sales Desk, phone: 1-212-710-6756 or by sending an email to [email protected]; or Banco BTG Pactual SA – Cayman Branch, Attention: Prospectus Department, 601 Lexington Avenue, 57th Floor, New York, NY 10022, or by email to [email protected].

Caution Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe haven for forward-looking statements made by or on behalf of the Company. By their nature, all forward-looking statements are not guarantees of future performance or results and are subject to risks and uncertainties that are difficult to predict and / or quantify. Actual results may differ materially from those contemplated by forward-looking statements for a number of reasons described in documents filed by the Company with the SEC, including those set forth in the Risk Factors section and under the heading “Language of Investment. Caution Regarding Forward-Looking Statements ”in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020.

You are cautioned not to place undue reliance on the Company’s forward-looking statements. The Company’s forward-looking statements are and will be based on management’s then-current beliefs and assumptions regarding future events and operating performance, and speak only as of the date of such statements. The Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, uncertainties or otherwise.

Contact details

For more information, please contact:

ITAÚ CORPBANCA
Rosario North 660
Las Condes
Santiago, Chile
Attention: Investor Relations
Phone number: + 562-2660-1751

The press release is also available on the company’s investor relations site at ir.itau.cl.

Investor Relations РIta̼ Corpbanca

+56 (2) 2660-1701 / [email protected] / ir.itau.cl