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 April 2009
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
April 01,
2009
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 March 31, 2009, approved unanimously
the establishment of a new program for long-term incentives to Senior Executives
of all Credicorp´s subsidiaries for which those Executives selected will receive
shares of Credicorp. This program will be instituted in all Credicorp’s
subsidiaries. The Board also approved changes to some conditions of the previous
program to keep both programs aligned.
Finally,
to reduce the volatility and improve the retention capacity of the Stock
Appreciation Rights Program (the previous plan), the Board approved the exchange
of rights conceded in 2007 and 2008 for a smaller number of rights of the new
program with shorter term and lower price to exercise.
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.
Date:
April 08, 2009
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CREDICORP
LTD.
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By:
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/s/ Guillermo
Castillo
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Guillermo
Castillo
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.