19 Mar 2020 14:22
GRUPO CLARIN S.A.
Grupo Clarín Calls Annual Shareholders' Meeting
On 18 March 2020, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Company's Board of Directors had held a meeting on that date, at which they resolved to call the Company's Annual Ordinary Shareholders' Meeting for 30 April 2020 at 15.00 on first call and 8 May 2020 at 15.00 on second call, at the Company's headquarters located on Calle Piedras 1743, City of Buenos Aires. The Meeting's agenda will be the following:
1) Appointment of two (2) shareholders to sign the meeting minutes;
2) Consideration of the documents set forth under Section 234, subsection 1 of Law No 19,550 and related laws, corresponding to fiscal year No. 21, ended 31 December 2019;
3) Consideration of the performance of the members of the Board of Directors;
4) Consideration of the compensation of the members of the Board of Directors (Ps. 37,775,887 allocated amount) for the fiscal year ended 31 December 2019, which yielded a computable loss, as defined in the Rules of the Argentine Securities Commission.
5) Authorisation to the Board of Directors to pay advances on compensation for fiscal year 2020 to directors that perform technical administrative functions and/or independent directors, subject to the decision of the shareholders at the next Shareholders' Meeting at which compensation of the members of the Board of Directors is considered;
6) Consideration of the performance of members of the Supervisory Committee; 7) Consideration of the compensation of the members of the Supervisory Committee for the fiscal year ended 31 December 2019. Authorisation to the Board of Directors to pay advances on compensation for fiscal year 2020, subject to the decision of the shareholders at the next Shareholders' Meeting at which compensation of the members of the Supervisory Committee is considered;
8) Consideration of the application of the Company's Retained Earnings as of 31 December 2019, which yielded a negative result of Ps. 1,507,321,349. The Board of Directors proposes [that the Company] absorb the negative retained earnings pursuant to Article 11, Chapter III, Title IV of the Rules of the Argentine Securities Commission (as restated in 2013), as follows: i) by partially reversing the Issuance Premium;
9) Appointment of the members and alternate members of the Board of Directors; 10) Appointment of the members and alternate members of the Supervisory Committee;
11) Approval of the annual budget of the Audit Committee;
12) Consideration of the fees of the External Auditor for the fiscal year ended 31 December 2019;
13) Appointment of the Company's External Auditor.
At the meeting, the Board of Directors of the Company recommended the appointment as external Auditor of the Company's financial statements for the year ended 31 December 2020 of the firm Price Waterhouse & Co. S.R.L (PWC), with Mr. Alejandro Javier Rosa acting as certifying accountant and Mr. Carlos Pace acting as alternate certifying accountant, both members of the firm Price Waterhouse & Co. S.R.L (PWC). The Board also resolved to set the budget of the Company's Audit Committee at Ps. 1,000,000 for the fiscal year ended 31 December 2020.
Enquiries:
In Buenos Aires:
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