Statement of Ownership: Solicitation (sc 14d9)
July 30 2021 - 12:55PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14D-9
Solicitation/Recommendation
Statement under Section 14(d)(4) of the Securities Exchange Act of 1934
EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA
NORTE S.A.
(Name of Subject Company)
EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA
NORTE S.A.
(Name of Person(s) Filing Statement)
Class B Common Shares Par value
1 peso (“Class B Shares”) and American Depositary Shares, each representing 20 Class B Shares
(Title of Class of Securities)
Class B Shares (ISIN ARENOR010020)
and American Depositary Shares (29244A102)
(CUSIP Number of Class of Securities)
Germán Ranftl
Chief Financial Officer
Tel: + 5411 4968-4019
Av. del Libertador 6363,
12th Floor,
City of Buenos Aires (A1428ARG),
Tel: 54-11-4346-5000
with copies to:
Christopher C. Paci, Esq.
J.A. Glaccum, Esq.
Nicolas Teijeiro, Esq.
DLA Piper LLP (US)
1251 6th Ave
New York, NY 10020
(212) 225-2000
(Name, Address and Telephone Number
of Person Authorized to Receive Notices and Communications on Behalf of the Person Filing Statement)
☒
Check box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
* * *
LEGAL DISCLAIMER
None of Empresa
de Energía del Cono Sur S.A. (“Edelcos” or the “Bidder”) or any of its affiliates
have commenced the tender offer to which this communication relates. In connection with the proposed transaction, the Bidder will file
with the U.S. Securities and Exchange Commission (the “SEC”) a Tender Offer Statement on Schedule TO (the “Tender
Offer Statement”) and Empresa Distribuidora y Comercializadora Norte S.A (“Edenor”) will file a Solicitation/Recommendation
Statement on Schedule 14D-9 (the “Solicitation/Recommendation Statement”). Investors and security holders are urged
to carefully read the Tender Offer Statement and its exhibits and the other related tender offer materials and the Solicitation/Recommendation
Statement, when they are available and as they may be amended from time to time, before any decision is made with respect to the offer
because they will contain important information. U.S. Holders of Edenor may obtain a free copy of the Tender Offer Statement and its exhibits
and the other related documents (when available) filed by the Bidder and the Solicitation/Recommendation Statement and other related documents
(when available) filed by Edenor, in each case, with the SEC at the SEC’s website at www.sec.gov.
On July
29, 2021, Edenor filed a relevant matter with the Argentine Securities and Exchange Commission (Comisión Nacional de Valores,
or “CNV”) in order to attach a notice received from Edelcos. The information set forth on Form 6-K filed by Edenor
on July 29, 2021, is incorporated herein by reference.
This report (including the information incorporated
by reference herein) may contain forward-looking statements. These statements are statements that are not historical facts, and are based
on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial
results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans”
and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the
treatment of tariff update, uncertainties related to future government interventions or legal actions, general political, economic, social,
demographic and business conditions in the Republic of Argentina, or “Argentina” and particularly in the geographic market
we serve, the evolution of energy losses and the impact of fines and penalties and uncollectable debt or the impact of regulatory reform
and changes in the regulatory environment in which we operate are examples of forward-looking statements. Such statements reflect the
current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends
or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions,
industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially
from current expectations.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and correct.
EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A.
By:/s/ Germán Ranftl
Name: Germán Ranftl
Title: Chief Financial Officer
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