Grupo Clarín S A : Shareholder sues subsidiary Pol Ka Producciones S.A.
May 12, 2021
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GRUPO CLARIN S.A.
Shareholder sues subsidiary Pol Ka Producciones S.A.
On 13 May 2021, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that its subsidiary Arte Radiotelevisivo Argentino S.A. had been informed by its subsidiary Pol Ka Producciones S.A. ("Pol Ka") that Pol Ka had been served notice of a claim filed against it by one of its shareholders, in re "Blanco, Fernando v. Pol-Ka Producciones S.A. on Ordinary Proceeding" (File No. 9979/2020), pending before the National First Instance Court on Commercial Matters No. 3, Secretariat No. 6 of the City of Buenos Aires. Pol Ka was served notice of the decision of Chamber A of the National Court of Appeals to suspend Pol Ka's shareholders' resolution to increase the equity of Pol Ka from Ar$ 8,269,108 to up to Ar$ 51,500,000 (nominal value), to amend Article Five of Pol Ka's bylaws and to authorize certain individuals to register such resolutions with the Corporate Registry which had been adopted at Pol Ka's shareholders' meeting held on 13 July 2020. Pol Ka infomed that it had proceeded immediately to request that the suspension be lifted and to appeal the court's decision if its request was denied.
Grupo Clarin SA published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 19:03:03 UTC.
Grupo Clarin SA is an Argentina-based company principally engaged in the provision of television (TV) cable services. The Companyâs activities are structured in four business segments: Cable TV and Internet Access, which operates a cable TV network in Latin America and provides broadband Internet services; Printing and Publishing, which focuses on the production and distribution of national and regional newspapers, as well as magazines, supplements, books, collectible products and other periodical publications; Broadcasting and Programming, which includes a variety of TV channels, radio stations and entities active in the content production and provision of advertising services, as well as Digital Content and Others, which creates, hosts and manages a variety of Websites, on-line portals and digital platforms for mobile phones, among others.