17 Jul 2015 07:36
GRUPO CLARIN S.A.
Court Extends Injunction, Dismisses Request
On 15 July 2015, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that it had been served notice of two separate decisions rendered that day by the Federal Civil and Commercial Court No. 1 in re "Grupo Clarín S.A. and others v. National State and other re/ incidental procedure relating to appeal" File No. 7263/2012, whereby the court, among other things (i) extended the effects of the injunction granted on 9 December 2014, which ordered the suspension of the effects of Resolution No. 1121/14 and the "Ex-officio transfer procedure" for a period of six months, counted as from the day that the Company was served notice of the decision, and (ii) dismissed a request made by the Audiovisual Communication Services Law Federal Enforcement Authority relating to an amendment to the injunction.
Attached below are free translations of the relevant sections of the two decisions rendered by the Federal Civil and Commercial Court No. 1.
Enquiries:
In Buenos Aires:
Alfredo Marín/Agustín Medina Manson
Grupo Clarín
Tel: +5411 4309 7215
Email: investors@grupoclarin.com
In London:
Alex Money
Jasford IR
Tel: +44 20 3289 5300
Email: alexm@jasford.com
In New York:
Melanie Carpenter
I-advize Corporate Communications
Tel: +1 212 406 3692
Email: clarin@i-advize.com
FREE TRANSLATION
National Judicial Branch
FEDERAL CIVIL AND COMMERCIAL COURT 1
7263/2012
Incidental Procedure No. 6 - CLAIMANT: GRUPO CLARÍN S.A. re/ INCIDENTAL PROCEDURE RELATING TO INJUNCTION. Incidental procedure for the extension of the term of injunction
Buenos Aires, 15 July 2015.
[Recitals intentionally omitted]
In light of the above, I DECIDE: To grant partially the extension of the term of the injunction granted on 9.12.2014, which shall be extended for six more months, counted as from the date on which this decision is notified. Costs are allocated as incurred due to the nature of the matters under debate.
Let this decision be recorded and notified.
Signature Date: 15/07/2015
Signed by: HORACIO CECILIO ALFONSO, FIRST INSTANCE JUDGE
FREE TRANSLATION
National Judicial Branch
FEDERAL CIVIL AND COMMERCIAL COURT 1
7263/2012
Incidental Procedure No. 5 - DEFENDANT: AUDIOVISUAL COMMUNICATION SERVICES LAW FEDERAL ENFORCEMENT AUTHORITY (AFSCA) re/ INCIDENTAL PROCEDURE RELATING TO INJUNCTION.
Buenos Aires, 15 July 2015.
WHEREAS:
I.- On pp. 11/128 the Audiovisual Communication Services Law Federal Enforcement Authority (AFSCA) appears [before this Court] and, based on Sections 7 of Law No. 26,854 and 203 of the CPCCN [Code of Civil and Commercial Procedures], requests an amendment to the injuction granted hereunder on 9.12.2014.
Specifically, AFSCA requests that, for as long as Grupo Clarin S.A. does not conform to Law No. 26,522, Cablevisión S.A. should be forbidden from contracting, selling and/or subscribing new customers to the subscription television services-both analogical and digital-because it exceeds statutory limits.
[Remaining recitals intentionally omitted]
Based on the grounds set forth above, I DECIDE: to dismiss the request made by AFSCA relating to the amendment of the injuction granted hereunder.
Let this decision be recorded and notified.
Signature Date: 15/07/2015
Signed by: HORACIO CECILIO ALFONSO, FIRST INSTANCE JUDGE