Report of Foreign Issuer (6-k)
February 14 2017 - 3:00PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of February, 2017
IRSA
Inversiones y Representaciones Sociedad
Anónima
(Exact name of Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Bolívar
108
(C1066AAB)
Buenos
Aires, Argentina
(
Address of principal
executive offices)
Form 20-F ⌧
Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ☐
No
x
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is the
English translation of the summary of the letter dated February 14,
2017, filed by the Company with the
Bolsa de Comercio de Buenos Aires
and the
Comisión Nacional de
Valores
.
By
letter dated February 14, 2017, the Company reported that on
February 10, 2017 BACS Banco de Crédito y Securitización
S.A. was notified of Resolution No. 63 dated February 7, 2017 under
which the Superintendency of Financial and Exchange Entities of the
Central Bank of the Argentine Republic resolved not to object the
change in the shareholding composition of BACS on the occasion of
the conversion of subordinated negotiable notes into common shares,
to be issued in favor of IRSA.
It is
reported that on June 21, 2016, IRSA notified the Bank of the
exercise of the right to convert the subordinated convertible notes
into common shares for a nominal value of ARS 100,000,000 issued by
BACS on June 22, 2015 and subscribed by IRSA, under the terms of
the subscription agreement between IRSA and BACS on the same
date.
As a
consequence of the conversion, IRSA, by itself and through a 100%
controlled subsidiary, will hold 37.72% of the shares oustanding
and votes of BACS and Banco Hipotecario S.A. will hold the
remaining 62.28%.
BACS is
a leading bank in the local capital market positioned among the
main corporate bond issuers in the primary market and leader in the
ranking in the secondary market.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
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IRSA
Inversiones y Representaciones Sociedad
Anónima
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By:
|
/S/ Saúl
Zang
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Name:
Saúl Zang
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Title:
Responsible of relationship with the markets
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Dated: February
14
, 2017
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