29 Jan 2014 15:41
GRUPO CLARIN S.A.
Grupo Clarín makes irrevocable equity contribution in subsidiary
On 28 January 2014, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange, that it had made an irrevocable equity contribution on account of future share subscriptions in its subsidiary Arte Gráfico Editorial Argentino S.A. ("AGEA"), for an aggregate amount of Ps. 225,000,000. The Board of Directors of the Company approved the irrevocable equity contribution on that same date.
Attached please find a free translation of the minutes of the meeting at which the Board of Directors of the Company approved the irrevocable equity contribution.
Enquiries:
In Buenos Aires:
Alfredo Marín/Agustín Medina Manson
Grupo Clarín
Tel: +5411 4309 7215
Email: investors@grupoclarin.com
In London:
Alex Money/Clare Gallagher
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
Minutes of the meeting of the Board of Directors No. 244: In the City of Buenos Aires on the 28th day of the month of January, 2014, at 17.00 hours, the Board of Directors of Grupo Clarín S.A. meets at the corporate headquarters located Piedras 1743, Federal Capital. Present at the meeting are Messrs. Directors Héctor Horacio Magnetto, Héctor Mario Aranda, Alejandro Alberto Urricelqui, Pablo César Casey, Lorenzo Calcagno, Alberto César Menzani, Sebastián Bardengo, and the undersigned member of the Supervisory Committee. Héctor Horacio Magnetto opens the meeting and submits to the consideration of those present the only item of the agenda: Making of irrevocable contributions in Arte Gráfico Editorial Argentino S.A.: The Chairman of the Board speaks, expressing that, as the members present know, pursuant to the Agreement Relating to Irrevocable Contributions on Account of Future Share Subscriptions (the Agreement) entered into by the Company and Arte Gráfico Editorial Argentino S.A. (AGEA), dated as of 14 January 2014, the Company has transferred to AGEA, in the form of an irrevocable equity contribution on account of future share subscriptions, an aggregate amount of Ps. 225,000,000 (two hundred twenty five million pesos). Such contribution was made in order for AGEA to pay and cancel in full at maturity-i.e. on the date of this meeting-the Series "C" Notes issued by AGEA under its Global Program. In light of the above, and pursuant to the Agreement, the Chairman motions to vote in favour of the approval of the equity contribution made by the Company. After a brief exchange of opinions, the Board decides unanimously to approve the equity contribution made by the Company in AGEA. With no more matters to discuss, the meeting is adjourned at 17.30 hours of the date above written.
The following Directors sign the minutes on behalf of the Board: Héctor Horacio Magnetto, Héctor Mario Aranda, Alejandro Alberto Urricelqui, Pablo César Casey, Lorenzo Calcagno, Alberto César Menzani and Sebastián Bardengo.
The following member signs the minutes on behalf of the Supervisory Committee: Miguel Angel Mazzei