For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231123:nRSW3928Ua&default-theme=true
RNS Number : 3928U Grupo Clarin S.A. 22 November 2023
Grupo Clarín S.A. Announces Expected Delisting of Global Depositary Shares
BUENOS AIRES, ARGENTINA / ACCESSWIRE / November 22, 2023 / Grupo Clarín S.A.
(the "Company") announces that, on 22 November 2023, it submitted requests (a)
to the London Stock Exchange (the "LSE"), to cancel the admission to trading
on the Main Market of its Global Depositary Shares representing the class B
shares of common stock of the Company (the "GDSs"), and (b) to the UK
Financial Conduct Authority, to cancel the listing of the GDSs on the Official
List.
As a result of protracted and increasingly low volume of trading and reduced
liquidity in the GDSs on the LSE, and taking into account the costs associated
with maintaining such listing in place, the Company's Board of Directors
approved the proposed delisting and cancellation of admission to trading of
the GDSs from the LSE (the "Delisting") on 22 November 2023. It is anticipated
that the Delisting will take effect on or about 22 December 2023.
Holders of GDSs have the right to convert their GDSs into class B shares of
common stock of the Company, which will continue to trade on the Buenos Aires
Stock Exchange, subject to and in accordance with the procedures specified in
the Second Amended and Restated Deposit Agreement dated 26 October 2022
entered into between the Company and JPMorgan Chase Bank N.A. ("JPM"). Holders
of GDSs may contact JPM directly to discuss these matters.
Enquiries:
Mrs. Samantha Olivieri
Head of Investor Relations
www.grupoclarin.com (https://pr.report/2uqIkp5O)
Email: investors@grupoclarin.com
Tel: +54 (11) 4309 7104
SOURCE: Grupo Clarín S.A.
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NRAFZMZMMZDGFZZ