REG - Cablevision Holding - Board of Directors Approves Subsidiary Merger
13/03/2023 08:15
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RNS Number : 7182S Cablevision Holding S.A. 13 March 2023
CABLEVISION HOLDING S.A.
Board of Directors Approves Subsidiary Merger
On 10 March 2023, Cablevisión Holding S.A. (the "Company") informed the
Argentine Securities Commission and the Buenos Aires Stock Exchange that its
Board of Directors had approved (i) the implementation of a corporate
reorganization process whereby VLG S.A.U. ("VLG"), a wholly-owned subsidiary
of the Company, will be absorbed and merged into the Company effective as of 1
January 2023, as of which date the Company-as the absorbing and surviving
company-will continue with the operations of VLG, generating the corresponding
operational, accounting and tax effects, and will acquire title to all assets
and liabilities of VLG, including registered assets, rights and obligations of
VLG, which shall be dissolved without liquidation; (ii) the Special
Consolidated Merger Financial Statements as of 31 December 2022; (iii) the
Pre-Merger Agreement, executed by the Company and VLG; and (iv) the language
of the Merger Prospectus, which will be filed with the Argentine Securities
Commission when due for its approval and publication.
The Board of Directors of the Company will call a shareholders' meeting to
consider the corporate reorganization process described above. The calling
of the shareholders' meeting will be informed shortly.
Enquiries:
Ms. Samantha Olivieri
Head of Investor Relations
www.cvh.com.ar
Email: ir@cvh.com.ar
Tel: (+54 11) 4309 - 3417
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