GCLA.L Regulatory News (GCLA)

GRUPO CLARIN S.A.

Grupo Clarín Extraordinary Shareholders' Meeting Reconvenes

On 14 July 2014, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that on 11 July 2014 the shareholders of the Company reconvened to resume the Extraordinary Shareholders' Meeting that had been adjourned until that date on 30 June 2014. The meeting resumed with a quorum of 98.24% of the Company's equity and 99.14% of the votes. The Company provided the Argentine Securities Commission and the Buenos Aires Stock Exchange with the following summary of the shareholders' decisions with respect to Points 5º and 7º of the Agenda:

5) Consideration of the irrevocable offers received by the Company-if any, at the time of the Shareholders' Meeting-the commercial terms of which may have been approved by the Board of Directors for the sale of the assets that comprise Unit 5 pursuant to the Plan to Conform the Company [to the Audiovisual Communication Services Law] that was declared formally admissible by AFSCA.

By majority vote, the shareholders decided to approve the firm and irrevocable Alternative Offer of 34 South Media LLC for Unit 4, which was considered by the Board of Directors on 11 July 2014, and to instruct the Board of Directors to proceed with all necessary steps to comply with the Plan to Conform the Company [to the Audiovisual Communication Services Law] and to bring all necessary administrative and legal actions required to best defend the interests of the Company. The Company registered 559,286,751 affirmative votes and 26,990,995 negative votes.

7) Consideration of the irrevocable offers received by the Company-if any, at the time of the Shareholders' Meeting-the commercial terms of which may have been approved by the Board of Directors for the sale of the shares assets that comprise Unit 6 pursuant to the Plan to Conform the Company [to the Audiovisual Communication Services Law] that was declared formally admissible by AFSCA.

By majority vote, the shareholders approved the irrevocable offer to acquire the shares of Cuyo Televisión S.A. held by Diario Los Andes Hermanos Calle S.A., which was considered by the Board of Directors on 11 July 2014 and received from Ms. Silvina Claudia Alonso, Mr. Mariano Germán Alonso and Ms. Gabriela Cecilia Alonso. The Company registered 559,286,751 affirmative votes and 26,990,995 negative votes.

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