City of Buenos Aires, March 7, 2018

 

 

 

Messrs.

BUENOS AIRES STOCK EXCHANGE

 

 

Messrs .

NATIONAL SECURITIES COMMISSION

25 de Mayo Street 175

Issuers Division

 

 

Dear Sirs,

 

In compliance with the provisions of section 62 of the Listing Regulations of Bolsa y Mercados Argentino S.A., I hereby inform you that at this Company’s Board of Directors meeting held on March 7, 2018, the following documents were approved: Annual Report, Corporate Governance Report, Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, Notes to the Financial Statements, Informative Summary and the information required by section 12 of General Resolution No. 622 of the National Securities Commission, related to the year ended December 31, 2017.

 

The amounts disclosed below are stated in thousands of Argentine pesos and arise from the Financial Statements:

 

                                                                                                Year ended

                                                                                                   December 31, 2017

 

Profit for the year
Attributable to the owners of the parent	Profit	682,190
Attributable to non-controlling interests		0
	Profit	682,190

 

Other comprehensive income for the year
Attributable to the owners of the parent	Income	9,075
Attributable to non-controlling interests		0
	Income	9,075

 

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Total comprehensive income for the year
Attributable to the owners of the parent	Income	691,265
Attributable to non-controlling interests		0
	Income	691,265

 

Detail of Equity
Share Capital– Nominal Value (1)		906,455
Share Capital – Adjustment to Capital (2)		408,063
Additional paid-in capital and other		31,565
Statutory Reserve		73,275
Discretionary Reserve		176,061
Other Comprehensive Loss		(28,097)
Retained Earnings		(506,458)
Total attributable to the owners of the Company		1,060,864
Non-controlling interests		0
Total Equity		1,060,864

 

(1)    Includes 7,794 related to treasury shares.

(2)    Includes 8,568 related to treasury shares.

 

 

Furthermore, and as required by sub-sections 6), 7) and 8) of section 62, we inform the following:

 

 

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The class “A” shares are owned by Electricidad Argentina S.A. (EASA), domiciled at Maipú 1 of the City of Buenos Aires (1). The class “B” shares are currently traded at the New York Stock Exchange (through American Depositary Shares –“ADSs”) and the Buenos Aires Stock Exchange. As of December 31, 2017, the Company has 7,794,168 treasury shares.

 

An amount of 1,952,604 class “C” shares, which are held by Banco de la Nación Argentina as trustee of the Company Employee Stock Ownership Program, remains outstanding.  Moreover, IEASA S.A., domiciled at Maipú 1 of the City of Buenos Aires, owns 99.99% of EASA’s voting shares.

 

The Company does not have debt securities convertible into shares, nor there exist stock options of the Company’s shares.

 

The Board of Directors proposes that the profit for the year be allocated as follows:

 

 

 

 

Yours sincerely,

 

 

(1)      In merger process: IEASA and EASA with CTLL, and afterwards CTLL with PESA.