UNITED STATES OF AMERICA
SECURITITES AND EXCHANGE COMISION
Washington D.D. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
OF THE SECURITIES AND EXCHANGE ACT OF 1934
For the month of March 2006
QUINENCO S.A.
(Exact name of registrant as specified in charter)
QUINENCO, INC.
(Translation of registrant's name into English)
Quinenco S.A.
Enrique Foster Sur 20, 14th Floor
Santiago, Republic of Chile
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 12(g)3-2(b) under the Securities Act of 1934
Yes |_| No |X|
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12(g)3-2(b): ______________
The following document is being filed with this 6-K report and is
attached hereto.
Press Release dated March 3, 2006 announcing dividend proposal
[LOGO]
QUINENCO S.A.
www.quinenco.cl
www.quinencogroup.com
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE
For further information contact:
Cindi Freeman
Investor Relations Manager
Quinenco S.A.
(56-2) 750-7221
e-mail: cfreeman@lq.cl
QUINENCO PROPOSES FINAL DIVIDEND DISTRIBUTION
OF Ch$14.45 PESOS PER SHARE
March 3, 2006 - Santiago, Chile. Quinenco S.A. (LQ:NYSE) reported today that its
Board of Directors has proposed a final dividend distribution of
Ch$15,600,009,080, equivalent to Ch$14.44793 pesos per share. The proposal will
be put forth at the Company's General Ordinary Shareholders Meeting to be held
at the end of April 2006.
At the Board of Directors' meeting, which was held on March 2, 2006, the Board
proposed that 32.65% of 2005 liquid net profits be distributed among its
1,079,740,079 common shares, as follows:
o A minimum legal dividend of Ch$14,334,823,642, equivalent to 30% of
the 2005 liquid net income and
o An additional dividend of Ch$1,265,185,438, equivalent to 2.65% of
2005 liquid net income.
If the final dividend proposal is accepted at the General Ordinary Shareholders
Meeting, it will be payable on May 10, 2006.
* Liquid net income is calculated as net income less accumulated start-up losses
and amortization of consolidated negative goodwill.
Quinenco S.A., a leading Chilean business conglomerate, is the controlling
entity of a portfolio of companies involved in financial services, food and
beverage, telecommunications and manufacturing.
#
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.
QUINENCO S.A.
By: s/s Luis Fernando Antunez
---------------------------------
Name: Luis Fernando Antunez
Title: Authorized Representative
Dated: March 3, 2006