Distribution & Service D&S Sa - Report of Foreign Issuer (6-K)
July 15 2008 - 10:28AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
July, 2008
Distribution
and Service D&S, Inc.
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(Translation
of registrant’s name into English)
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Avenida
Presidente Eduardo Frei Montalva 8301
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Quilicura,
Santiago, Chile
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(Address
of principal executive
offices)
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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):
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.
If
“Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
MATERIAL
EVENT
DISTRIBUCIÓN
Y
SERVICIO D&S S.A.
Securities
Registry No. 0593
Santiago,
July 14, 2008
Messers.
Securities
and Insurance Commission
Attn.:
Guillermo Larraín Ríos
Chairman
Av.
Libertador Bernardo O’Higgins 1449
Santiago
CHILE
Dear
Mr.
Larraín:
This
notice is sent pursuant to article 9 and the second paragraph of article
10 of
Law 18045, and paragraph 2.2 of Section II of General Rule 30 issued
by the
Commission.
The
information contained in this notice is disclosed in order to provide
an
accurate, sufficient and timely account of the events and information
mentioned
herein, since these are matters related to Distribución y Servicio D&S S.A.
(“D&S”), its businesses and the publicly-traded securities issued by the
same, as soon as the event occurred or D&S was made aware of the same. This
information should be deemed material by any reasonable person for
the purposes
of making investment decisions.
The
Commission is advised that, as resolved at the 292nd Regular Board
of Directors’
Meeting of D&S, held on January 22, 2008, I am authorized to act
individually in the qualification and reporting of material events
relating to
D&S.
In
light
of the above and in the exercise of the authorities vested upon me
to that
effect by the Board of Directors of D&S, I hereby report to the Commission
on the following
MATERIAL
EVENT
:
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1.
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As
a consequence of the periodic revision of the accounting
estimations of
the company, and based on technical information supporting
the decision
thereby, in ordinary session held on June 24, 2008 the Board
of Directors
of D&S resolved to modify the estimation of the economic lifespan
of
the “Structural Work” corresponding to the construction of its stores,
from 20 to 50 years.
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2.
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The
amendment mentioned above will cause the reduction of further
annual
charges arising from depreciation in D&S by the aforementioned
concept. This reduction will amount to approximately Ch$17,000
million in
2008. The aforesaid effect will be partially reflected in
the consolidated
FECU as of June 30, 2008.
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3.
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The
accounting estimation adopted is consistent with those used
by the
relevant industry.
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4.
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Notwithstanding
the foregoing, the amendment informed hereby will cause no
further effects
in the economic, financial, commercial, operational or legal
situation of
D&S or its businesses.
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Kindest
regards,
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Enrique
Ostalé Cambiaso
CEO
Distribución
y Servicio D&S S.A.
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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, in the city of Santiago, Chile.
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DISTRIBUCIÓN
Y SERVICIO D&S S.A.
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By:
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/s/
Alejandro Droste B.
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Alejandro
Droste B.
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Chief
Financial Officer
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Dated:
July 14, 2008
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