16 Jun 2022 16:20
GRUPO CLARIN S.A.
Court of Appeals renders decision in Pol-Ka Producciones S.A. Dispute
On 15 June 2022, Grupo Clarín S.A. (the "Company") informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the Company's subsidiary Arte Radiotelevisivo Argentino S.A. ("ARTEAR") and ARTEAR's subsidiary Pol-Ka Producciones S.A. ("Pol-Ka") had been served notice of a decision rendered by Chamber A of the National Court of Appeals on Commercial Matters in re "Blanco, Fernando v. Pol-Ka Producciones S.A. on Ordinary Proceeding" (File No. 9979/2020), whereby that court decided: a) to render without effect injunction that suspended the decisions adopted by Pol-Ka's shareholders under points 13, 14 and 15 of the agenda of Pol-Ka's shareholders' meeting held on 13 July 2020, whereby the shareholders had resolved to increase that company's equity from Ar$ 8,269,108 to up to Ar$ 51,500,000 (nominal value); the issuance of common, nominative, non-endorsable shares with an issuance premium; the resulting amendment of Article Five of Pol Ka's bylaws and the granting of the necessary authorizations relating to the resolutions adopted in the abovementioned points of the agenda; b) to reject the appeal filed by Mr. Blanco and confirm the dismissal of the request for an intervention of Pol Ka and extension of the appointment of a company observer; c) to confirm the dismissal of Mr. Blanco's request for the annotation of a lis pendens; and d) to confirm the dismissal of a request to summon third parties to the litigation.
The Company will continue to inform any relevant developments of the dispute.
Enquiries:
In Buenos Aires:
Samantha Olivieri
Grupo Clarín
Tel: +5411 4309 7104
Email: investors@grupoclarin.com
In London:
Alex Money/Clare Gallagher
Jasford IR
Tel: +44 20 3289 5300
Email: alexm@jasford.com
In New York:
Camilla Ferreira / Marcella Ewerton
Fig Corporate Communications
Tel: +1 917 691 4047
Email: fig@fig.ooo
GCLA.L (GCLA)