6 Nov 2023 15:10
CABLEVISIÓN HOLDING S.A.
6 November 2023
Cablevisión Holding S.A. Announces Expected Delisting of Global Depositary Shares
Cablevisión Holding S.A. (the "Company") announces that, on 6 November 2023, it submitted requests (a) to the London Stock Exchange (the "LSE"), to cancel admission to trading on the Main Market of its Global Depositary Shares representing the class B shares of common stock of the Company (the "GDSs"), and (b) to the UK Financial Conduct Authority, to cancel the listing of the GDSs on the Official List.
As a result of the protracted and increasingly low volume of trading in the GDSs on the LSE and the taking into account the costs associated with maintaining such listing in place, the Company's Board of Directors approved the proposed delisting and cancellation of admission to trading of the GDSs from the LSE (the "Delisting") on 6 November 2023. It is anticipated that the Delisting will take effect on or about 8 December 2023.
The GDSs will continue to trade "Over-The-Counter" in New York.
Holders of GDSs have the right to convert their GDSs into class B shares of common stock of the Company, which will continue to trade on the Buenos Aires Stock Exchange, subject to and in accordance with the procedures specified in the Amended and Restated Deposit Agreement dated 5 July 2022 entered into between the Company and JPMorgan Chase Bank N.A. ("JPM"). Holders of GDSs may contact JPM directly to discuss these matters.
Enquiries:
Mrs. Samantha Olivieri
Head of Investor Relations
www.cvh.com.ar
Email: ir@cvh.com.ar
Tel: +54 (11) 4309-3417