RCS - Grupo Clarin S.A. - Grupo Clarín Delisting of Global Depositary Shares

Grupo Clarin SAAnnouncement

23/11/2023 07:00

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RNS Number : 3928U  Grupo Clarin S.A.  22 November 2023

Grupo Clarín S.A. Announces Expected Delisting of Global Depositary Shares

BUENOS AIRES, ARGENTINA / ACCESSWIRE / November 22, 2023 / Grupo Clarín S.A.
(the "Company") announces that, on 22 November 2023, it submitted requests (a)
to the London Stock Exchange (the "LSE"), to cancel the admission to trading
on the Main Market of its Global Depositary Shares representing the class B
shares of common stock of the Company (the "GDSs"), and (b) to the UK
Financial Conduct Authority, to cancel the listing of the GDSs on the Official
List.

As a result of protracted and increasingly low volume of trading and reduced
liquidity in the GDSs on the LSE, and taking into account the costs associated
with maintaining such listing in place, the Company's Board of Directors
approved the proposed delisting and cancellation of admission to trading of
the GDSs from the LSE (the "Delisting") on 22 November 2023. It is anticipated
that the Delisting will take effect on or about 22 December 2023.

Holders of GDSs have the right to convert their GDSs into class B shares of
common stock of the Company, which will continue to trade on the Buenos Aires
Stock Exchange, subject to and in accordance with the procedures specified in
the Second Amended and Restated Deposit Agreement dated 26 October 2022
entered into between the Company and JPMorgan Chase Bank N.A. ("JPM"). Holders
of GDSs may contact JPM directly to discuss these matters.

Enquiries:

Mrs. Samantha Olivieri

Head of Investor Relations

www.grupoclarin.com (https://pr.report/2uqIkp5O)

Email: investors@grupoclarin.com

Tel: +54 (11) 4309 7104

SOURCE: Grupo Clarín S.A.

 

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