REG - Cablevision Holding - CNV Approves Subsidiary Merger Prospectus
20/04/2023 09:15
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RNS Number : 8886W Cablevision Holding S.A. 20 April 2023
CABLEVISION HOLDING S.A.
CNV Approves Subsidiary Merger Prospectus
On 17 April 2023, Cablevisión Holding S.A. ("CVH" or the "Company") received
the authorization of the Argentine Securities Commission to publish the Merger
Prospectus through the Autopista de Información Financiera (or AIF) and the
Buenos Aires Stock Exchange.
The Merger Prospectus contains information regarding the corporate
reorganization process undertaken by CVH, whereby VLG S.A.U. ("VLG" or the
"Absorbed Company"), 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.
The purpose of this corporate reorganization is to unify the operations of CVH
and VLG, thus increasing efficiency, synergy, rationalizing costs and
optimizing, through the corporate reorganization, the use of the technical,
administrative, and financial structures of the intervening companies.
CVH is the direct owner of one hundred percent (100%) of the share capital and
votes of VLG, and consequently, the incorporation of the assets and
liabilities -including registered assets, rights and obligations- of the
Absorbed Company in CVH does not require an exchange of shares or an increase
of share capital in CVH. Therefore, no exchange ratio will be established, nor
will new shares be issued.
The shareholders' meeting to consider the corporate reorganization process
described above has been called for 28 April 2023.
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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