REG - Grupo Clarin S.A. - Court rejects appeal

Grupo Clarin SAAnnouncement

30/04/2021 14:05

RNS Number : 2762X
  
Grupo Clarin S.A.
  
30 April 2021
  
 

 
 
GRUPO CLARIN S.A.
Court Dismisses Company's Appeal
 
On 29 April 2021, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that it had been served notice of the decision rendered by Chamber "B" of the Court of Appeals on Commercial Matters in re "National State - Ministry of Economy and Public Finance v. Grupo Clarín S.A. re: Ordinary Proceeding", File No. 27183/2010 whereby that court rejected the appeal filed by the Company and confirmed the decision of the first instance court rendered on 12 November 2019, which declared the nullity of Point 7 of the Agenda of the General Ordinary Shareholders' Meeting held on 22 April 2010.  Under Point 7 of the Agenda of such meeting, the shareholders had resolved that the revenues obtained for the year 2009 of Ps. 290,146,539 be allocated as follows: i) Ps. 14,507,327 to the Legal Reserve, and ii) the balance of Ps. 275,639,212, to Retained Earnings.  The Company will analyse the next judicial instances to protect its rights together with its legal counsel.
 
 
Enquiries:
 
Samantha Olivieri / Valentina López
 
Grupo Clarín
Tel: +5411 4309 7215
Email: investors@grupoclarin.com 
 
 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
STRGZGFDFGMGMZM