Grupo Clarín S A : Court rejects appeal File 27183/2010
April 30, 2021 at 04:21 pm EDT
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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.
Grupo Clarin SA published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 20:20:08 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.
GRUPO CLARÍN S.A. 