Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCVH.L Regulatory News (CVH)

  • There is currently no data for CVH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Response to shareholder information request

16 May 2019 07:30

RNS Number : 2336Z
Cablevision Holding S.A.
16 May 2019
 

 

 

CABLEVISION HOLDING S.A.

Cablevisión Holding Responds Shareholder Information Request

 

On 15 May 2019, Cablevisión Holding S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that it had exchanged notes with a shareholder in connection with the agenda of the Extraordinary Shareholders' Meeting to be held on 31 May 2019.

 

Attached as Exhibit A is a free translation of the Company's response.

 

Enquiries:

 

Mr. Agustín Medina Manson

Head of Investor Relations

 

Ms. Valentina López

Sr. Analyst of Investor Relations

 

www.cvh.com.ar

Email: ir@cvh.com.ar

Tel: (+54 11) 4309 - 3417

 

EXHIBIT A

 

FREE TRANSLATION

 

[Note: The English translation includes, in italics and square brackets, the request made by the shareholder to the Company or the point of the agenda to which a given response corresponds, which do not appear in the Spanish language version of the response.]

 

Buenos Aires, 15 May 2019

 

To the Shareholder of

Cablevisión Holding S.A.

National Social Security Administration (ANSES)

Fondo de Garantía de Sustentabilidad

By Hand

 

Attn: Coordinator of Corporate Affairs, Mr. Ignacio Álvarez Pizzo

 

Dear Sir,

 

I, Agustín Medina Manson, in my capacity as Person in Charge of Relations with the Market of Cablevisión Holding S.A. (hereinafter, interchangeably, the "Company" or "CVH") hereby address you in response to your request for information, issued by note dated 9 May 2019.

 

Pursuant to the General Companies Law No. 19,550, we hereby respond to your request as follows:

 

a. (Point 2) [Consideration of the application of the Company's Retained Earnings as of 31 December 2018, (Ps. 58,339 million). The Board of Directors proposes that such amount be allocated as follows, provided that the Shareholders shall decide the determination of the distributable amounts pursuant to CNV Resolution 777/18: i) to increase the Legal Reserve-an amount that shall not be lower than 5% of the results of the year and the adjustments up to 20% of the company's registered equity plus the balance of the equity adjustment account-Ps. 688 million; ii) increase the Optional Reserve to meet financial obligations, Ps. 9,614 million; iii) increase the Reserve for Illiquid Results, Ps.48,037 million. In addition, the Board proposes to the Shareholders that they disaffect in full the Optional Reserve for Future Dividends, the Optional Reserve to guarantee the liquidity of the Company and its subsidiaries and the Reserve for financial assistance to subsidiaries and the media law, and that such amounts be reassigned to the Optional Reserve for Illiquid Results.

 

[Even though the proposal to be considered is expressed in this point, we ask that you confirm that it is the same one that was duly informed by means of a note published in the Financial Information Highway [AIF] of the Argentine Securities Commission on 15 April 2019 under ID 4-261134-D.]

 

[Finally, we ask that you inform if the distribution of earnings shall be treated in the currency of the date of the shareholders' meeting by using the price index corresponding to the month preceding the meeting, pursuant to CNV Resolution No. 777/2018.]

 

Per hereby inform that the proposal of the Board of Directors expressed under the point of the agenda of the Extraordinary Shareholders' Meeting called, in fulfilment of the request of the shareholders, for 31 May 2019, shall be the same that was explained on the note uploaded onto the AIF on 15 April 2019.

 

Without prejudice to the above, we hereby state for the record that pursuant to Res. 777/18, the Board of Directors proceeded to update, as of the date of the Shareholders' Meeting of 25 April 2019, the amount of the earnings that it proposed to allocate to the integration of reserves that had been previously created and indicated in the point of the agenda, all according to the price index of the month of March 2019 (month preceding the Shareholders' Meeting of 25 April 2019). The updated amount of the earnings was expressed by the President at such Shareholders' Meeting.

 

Finally, pursuant to the abovementioned Resolution 777/18 the Company will proceed to update the amounts on the earnings by which it proposes to integrate the reserves that have been previously created, according to the price index of the month preceding the Extraordinary Shareholders' Meeting called for May 31, 2019, if [such index] has been published by such date.

 

Finally, we state for the record that this response, together with your request, shall be made available to the general public through AIF and the Buenos Aires Stock Exchange.

 

We are at your disposal to make any clarifications that you may deem relevant.

 

Sincerely,

 

/s/ Agustín Medina Manson

Representative of Relations with the Market

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RSPCKADBABKKAPD
Date   Source Headline
13th Nov 20237:00 amRNS3rd Quarter and 9 Month Results
6th Nov 20233:10 pmRNSExpected Delisting of Global Depositary Shares
11th Aug 20237:28 amRNSFirst Half and Second Quarter 2023 Results
11th May 20238:16 amRNS1st Quarter Results
4th May 202310:16 amRNSPayment of Dividends in kind
4th May 202310:15 amRNSAudit Committee
2nd May 20237:00 amRNSDirectorate Information
2nd May 20237:00 amRNSAGM Statement
2nd May 20237:00 amRNSAnnual Financial Report
20th Apr 20238:01 amRNSCNV Approves Subsidiary Merger Prospectus
14th Apr 20237:00 amRNSResponse to Shareholder Information Request
23rd Mar 20233:00 pmRNSCVH Calls Annual Shareholders’ Meeting
14th Mar 202311:11 amRNSLeave of Absence
13th Mar 20234:56 pmRNSFull Year and Last Quarter 2022 Results
13th Mar 20237:00 amRNSBoard of Directors Approves Subsidiary Merger
6th Mar 20237:00 amRNSWebcast to discuss 4Q and FY 2022 results
20th Feb 20237:00 amRNSComposition of Audit Committee
16th Jan 20236:15 pmRNSSecretary of Trade imposes Fine on Subsidiary
7th Dec 20227:00 amRNSDirectorate Change
7th Dec 20227:00 amRNSClass “A” Shareholders’ Meeting
23rd Nov 20226:21 pmRNSNotice of Class "A" Shareholders' Meeting
23rd Nov 20226:19 pmRNSPresident of the Board Tenders Resignation
18th Nov 20227:28 amRNSPresident of the Board Tenders Resignation
11th Nov 20227:57 amRNSNine months and Third Quarter 2022 Results
31st Oct 20228:07 amRNSNotice of Results
11th Aug 20227:32 amRNSFirst Half and Second Quarter 2022 Results
25th Jul 20226:21 pmRNSNotice of Results
12th Jul 20227:48 amRNSPayment of Dividends in Kind
11th Jul 20229:02 amRNSAnnual Shareholders’ Meeting
11th Jul 20228:58 amRNSPayment of Dividends in Kind
5th Jul 20223:03 pmRNSAmended and Restated Deposit Agreement
5th Jul 20221:03 pmRNSResponse to Shareholder information Request
23rd Jun 20227:29 amRNSResponse to Shareholder Information Request
6th Jun 20227:00 amRNSBoard Calls Extraordinary Shareholders' Meeting
12th May 20227:00 amRNS1st Quarter 2022 Results
4th May 20227:50 amRNSMembership of Audit Committee
3rd May 20227:00 amRNSWebcast presentation to discuss 1Q 2022 results
29th Apr 20228:23 amRNSList of the Company Authorities
29th Apr 20228:19 amRNSAGM Statement
14th Apr 20227:00 amRNSResponse to Shareholder Information Request
14th Apr 20227:00 amRNSResignation of Member of Supervisory Committee
18th Mar 20221:05 pmRNSCVH Calls Annual Shareholders' Meeting
16th Mar 20227:04 amRNSAppointment of alternate market relations officer
11th Mar 20228:56 amRNSFull Year and Last Quarter 2021 Results
18th Feb 20228:40 amRNSSupreme Court dismisses Government Appeal
10th Nov 20217:50 amRNSNine months and Third Quarter 2021 Results
2nd Sep 202111:44 amRNSCVH Announces Payment of Dividends in Kind
2nd Sep 202111:24 amRNSCVH announces payments of dividends in kind
2nd Sep 202111:22 amRNSCVH Holds Extraordinary Shareholders Meeting
23rd Aug 20217:00 amRNSDirector/PDMR Shareholding - Replacement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.