Report of Foreign Issuer (6-k)
October 10 2019 - 2:29PM
Edgar (US Regulatory)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of October 2019
Commission File Number: 001-13464
Telecom Argentina S.A.
(Translation of registrants name into English)
Alicia Moreau de Justo, No. 50, 1107
Buenos Aires, Argentina
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
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FREE TRANSLATION
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Buenos Aires, October 10, 2019
Chairman of the Comisión Nacional de Valores
Lic. Marcos Ayerra
RE.: Resolution of the General Ordinary Shareholders Meeting held on October 10, 2019.
Dividend payment.
Dear Sirs,
I am writing to you as Chairman of Telecom Argentina S.A. (Telecom Argentina or the Company), in order to inform you that the General Ordinary Shareholders Meeting held today (the Shareholders Meeting), has resolved to distribute US$300,000,000 as cash dividends, in freely available US Dollars. For this purpose, the Shareholders Meeting resolved to fully withdraw the Voluntary Reserve for Future Cash Dividends, which in constant currency as of August 31, 2019 amounts to P$15,431,534,497.59, and partially withdraw the Voluntary Reserve to maintain the Companys level of investments in capital assets and the current level of solvency in an amount equal to P$1,955,715,502.41 (both withdrawn amounts totaling P$17,387,250,000) so that, in accordance with the Reference Exchange Rate of the Central Bank of the Argentine Republic (BCRA) - Com. A 3500 of October 9 of the current year (published on the official website of said bank www.bcra.gov.ar) ($57.9575), the aforementioned amounts are equivalent to the amount of US$300,000,000.
According to the resolutions of the Shareholders Meeting, the dividends will be made available to the shareholders on October 18, 2019, or on any subsequent date resulting from the application of the governing law of those jurisdictions where the Companys shares are listed.
The amount to be distributed is equivalent to US$0.139295942 and P$8.073244551 per outstanding share of P$1 nominal value, which represents 807.3244551% of the outstanding capital stock.
Additionally, as decided today by the Board of Directors of the Company in the exercise of the powers delegated by the Shareholders Meeting, those shareholders who decide so will have the option to receive, instead of their proportion of cash dividends in US Dollars, their proportion of dividends in Pesos according to the amount per share in Pesos previously indicated.
The four classes of outstanding shares representing the capital stock (Class A, B, C and D Shares) are entitled to receive the dividend. Dividends will not be paid to nor reserved for treasury shares.
Sincerely,
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Telecom Argentina S.A.
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/s/ Alejandro A. Urricelqui
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Chairman
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Telecom Argentina S.A.
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Date:
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October 10, 2019
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By:
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/s/ Gabriel P. Blasi
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Name:
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Gabriel P. Blasi
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Title:
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Responsible for Market Relations
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