Report of Foreign Issuer (6-k)
April 10 2017 - 2:06PM
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 April, 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 April 10,
2017, filed by the Company with the
Bolsa de Comercio de Buenos Aires
and the
Comisión Nacional de
Valores
.
By letter dated
April 10, 2017, the Company reported
additional
information to what was informed in the annual financial statements
as of June 30, 2016 and the corresponding notes regarding the stake
of IDB Development Corporation Ltd. ("IDBD") in Clal Insurance
Enterprise Holdings Ltd. ("Clal").
In this
regard, it is reported that on April 5, 2017, the District Court of
Tel Aviv-Jaffa ordered Mr. Moshe Terry, trustee of 51% of Clal
shares, as decided by the Israeli Commission of Capital Markets,
Insurance and Savings (the “Trustee”), to sell 5% of
Clal shares under his administration in a period of 30 days, in
accordance with the order made by the Commissioner.
The
court found that the Commissioner exercised reasonable and
proportional discretion in ordering the sale, which should be made
at the best possible price and that, after completion, the
Commissioner should exercise its discretion and analyze the
circumstances of the case before each opportunity to order new
sales.
As a
consequence, IDBD is evaluating courses of action, including the
possibility of filing an appeal against such ruling.
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:
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/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: April
10
, 2017
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