REG - Grupo Clarin S.A. - Company makes equity contribution

Grupo Clarin SAAnnouncement

09/10/2023 13:00

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RNS Number : 4472P  Grupo Clarin S.A.  09 October 2023

 

GRUPO CLARIN S.A.

Company makes irrevocable equity contribution in subsidiary Radio Mitre S.A.

 

On 6 October 2023, Grupo Clarín S.A. (the "Company") informed the Argentine
Securities Commission and the Buenos Aires Stock Exchange that, on that date,
the Company had entered into an Irrevocable Contribution agreement (the
"Agreement") with its subsidiary Radio Mitre S.A. ("Radio Mitre") whereby the
Company made a USD 500,000 irrevocable equity contribution (the "Irrevocable
Contribution") into Radio Mitre, towards future share issuances. The
Irrevocable Contribution was paid in on the same date, at the buyers' exchange
rate published at the close of business by Banco de la Nación Argentina.

 

The purpose of the Irrevocable Contribution is to absorb accumulated losses in
Radio Mitre.

 

Enquiries:

 

In Buenos Aires:

Samantha Olivieri / Julián Paz

Grupo Clarín

Tel: +5411 4309 7104

Email: investors@grupoclarin.com (mailto:investors@grupoclarin.com)

 

In London:

Alex Money

Jasford IR

Tel: +44 20 3289 5300

Email: alexm@jasford.com (mailto:alexm@jasford.com)

 

In New York:

Camilla Ferreira / Marcella Ewerton

Fig Corporate Communications

Tel: +1 917 691 4047

Email: fig@fig.ooo (mailto:fig@fig.ooo)

 

 

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