BUENOS AIRES, Argentina,
April 24, 2019 /PRNewswire/ --
Telecom Argentina S.A. ("Telecom Argentina" or the "Company")
(BASE: TECO2, NYSE: TEO), one of Argentina's leading telecommunications
companies, announces that the General Ordinary and Extraordinary
Shareholders' Meeting held today resolved in regard to the retained
earnings as of December 31, 2018 to
approve a cash dividend distribution for the amount of
P$6,300,000,000.
The dividends will be made available to shareholders of Telecom
Argentina on May 7,
2019. The amount to be distributed is equivalent
to 292.5215% of the outstanding capital and the nominal value of
its representative shares and to
P$2.925214779 per outstanding share or
P$14.626073897 per ADR. Dividends will not
be paid to nor reserved for Treasury shares.
For ADR holders, the Record Date of this dividend
payment is May 6, 2019 and the
Payment Date is May 14,
2019. The payment to these shareholders will be made
through the Depositary Bank, JP Morgan Chase Bank N.A.
For non-ADR holders, the Record Date of this
dividend payment is also May 6,
2019 and payment will be available on May 7, 2019. For the shareholders of Class B
and Class C shares, payment will be made through Caja de Valores S.A. in Argentina.
Telecom Argentina is the parent
company of a leading telecommunications group in Argentina, where it offers, either itself or
through its controlled subsidiaries fixed and mobile
telecommunications services, cable television services and
broadband services. Additionally, Telecom Argentina offers mobile
telecommunications services in Paraguay and cable television services in
Uruguay. The Company commenced
operations on November 8, 1990, upon
the Argentine government's transfer of the telecommunications
system in the northern region of Argentina.
As of April 24, 2019, Telecom
Argentina has 2,168,909,384 shares issued and 2,153,688,011 shares
outstanding.
For more information, please contact Investor Relations:
Solange Barthe
Dennin
(5411) 4968
3752
|
Luis F. Rial
Ubago
(5411) 4968
3718
|
Nahuel
Monsalvo
(5411) 4698
4448
|
|
Voice Mail: (5411) 4968 3628
Fax: (5411) 4968 3616
E-mail: relinver@teco.com.ar
For information about Telecom Argentina's services, visit:
www.telecom.com.ar
www.personal.com.ar
www.personal.com.py
www.cablevisionfibertel.com.ar
Disclaimer
This document may contain statements that could constitute
forward-looking statements, including, but not limited to, the
Company's expectations for its future performance, revenues,
income, earnings per share, capital expenditures, dividends,
liquidity and capital structure; the effects of its debt
restructuring process; the impact of emergency laws enacted by the
Argentine Government; and the impact of rate changes and
competition on the Company's future financial performance.
Forward-looking statements may be identified by words such as
'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,'
'should,' 'seeks,' 'estimates,' 'future' or other similar
expressions. Forward-looking statements involve risks and
uncertainties that could significantly affect the Company's
expected results. The risks and uncertainties include, but are not
limited to, the impact of emergency laws enacted by the Argentine
government that have resulted in the repeal of Argentina's Convertibility law, devaluation of
the peso, various changes in restrictions on the ability to
exchange pesos into foreign currencies, and currency transfer
policy generally, the 'pesification' of tariffs charged for public
services, the elimination of indexes to adjust rates charged for
public services and the Executive branch announcement to
renegotiate the terms of the concessions granted to public service
providers, including Telecom. Due to extensive changes in laws and
economic and business conditions in Argentina, it is difficult to predict the
impact of these changes on the Company's financial condition. Other
factors may include, but are not limited to, the evolution of the
economy in Argentina, growing
inflationary pressure and evolution in consumer spending and the
outcome of certain legal proceedings. Readers are cautioned not to
place undue reliance on forward-looking statements, which
speak only as the date of this document. The Company
undertakes no obligation to release publicly the results of any
revisions to forward-looking statements which may be made to
reflect events and circumstances after the date of this press
release, including, without limitation, changes in the Company's
business or to reflect the occurrence of unanticipated events.
Readers are encouraged to consult the Company's Annual Report on
Form 20-F, as well as periodic filings made on Form 6-K, which are
filed with or furnished to the United States Securities and
Exchange Commission for further information concerning risks and
uncertainties faced by Telecom.
Contact:
Solange Barthe Dennin
(5411) 4968-3752
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SOURCE Telecom Argentina S.A.