BANCO DE CHILE BODD Result of EGM

  BANCO DE CHILE (BODD) - Result of EGM

RNS Number : 9529O
Banco de Chile
17 October 2012




                                   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 October, 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....Ö.... Form 40-F.........

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): ____

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): ____

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 ..... No...Ö..



If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________

                                      

                                      

                                      

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                                BANCO DE CHILE

                              REPORT ON FORM 6-K



Attached is an English translation  of a letter filed  by Banco de Chile  with 
the Chilean Superintendency  of Banks, Chilean  Superintendency of  Securities 
and Insurance and local  Stock Exchanges, informing  matters that were  agreed 
upon in the Extraordinary Shareholders Meeting held on October 17, 2012.







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Santiago, October 17, 2012





Mr. Raphael Bergoeing Vela

Superintendent of Banks and

Financial Institutions

Present







Ref: Essential Information





Mr. Superintendent:



Pursuant to Articles  9 and  10 of  Law No. 18,045  and Chapter  18-10 of  the 
Regulations of  the Superintendency  of Banks  and Financial  Institutions,  I 
inform you as an essential information regarding this Institution, that in the
Extraordinary Shareholders Meeting held on October  17, 2012 it was agreed  to 
increase the Bank's capital in the  amount of Ch$ 250,000,000,000 by means  of 
the issuance of  3,939,489,442 cash  shares, "Banco de  Chile-T" series,  with 
same rights as all Banco de Chile's shares, with the exception that they  will 
not allow its shareholders to  receive dividends and/or fully paid-in  shares, 
with respect to  our net distributable  earnings for fiscal  year 2012.  Once 
said dividends and/or  fully paid-in  shares are distributed  and paid  shares 
"Banco de  Chile-T" will  be  automatically converted  into "Banco  de  Chile" 
shares.



The price of the issuance of the shares will be set by the Board of  Directors 
within a period of 180 days following the aforementioned Shareholders  Meeting 
according to  the terms  and  conditions agreed  upon  on therein,  having  in 
consideration the market price for the  Bank's shares, and in that case,  such 
price shall not be more nor less  than 8% of the average closing stock  market 
price for Banco de Chile shares in  a period of 30 market business days  prior 
to  the  determination,  minus  the  net  distributable  earnings  per   share 
accumulated until the  last day of  the month preceding  to the  determination 
date.



Likewise, it was agreed that the shares will be offered to the shareholders in
accordance to  the law  while remaining  shares  to be  offered in  the  stock 
markets  of  the  country,  and  potentially  abroad,  at  the   opportunities 
determined by the Board of Directors.



On the other  hand, in  the aforementioned Meeting  it was  informed that  the 
principal shareholder LQ Inversiones Financieras S.A., has announced by  means 
of a letter dated October 16, 2012 its intention to underwrite and to pay  the 
aggregate amount of  shares corresponding  to the  Ordinary Preemptive  Rights 
Period, and to assign and transfer its right to purchase options corresponding
to it  during  the Special  Preemptive  Rights Period  in  the  aforementioned 
capital increase.





Sincerely,







                             Arturo Tagle Quiroz

                           Chief Executive Officer







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                                  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: October 17, 2012

Banco de Chile



/s/ Arturo Tagle Q.

By: Arturo Tagle Q.

 CEO







                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


REGZMMMGMNGGZZZ -0- Oct/18/2012 06:00 GMT