21st Dec 2007 18:24
Grupo Clarin S.A.21 December 2007 GRUPO CLARIN S.A. Notification of Change in Voting Rights and Composition of Holding of VotingRights Grupo Clarin S.A. was informed on 13 December 2007 that two of its controllingshareholders, Mrs. Ernestina Laura Herrera de Noble and Mr. Hector HoracioMagnetto, have reallocated their respective holdings of Grupo Clarin S.A. asdescribed below (the "Reallocations"). The Reallocations involve the transfer of all Class B Shares of Grupo Clarin andall shares of GC Dominio S.A. (holder of all Class A Shares of Grupo ClarinS.A.) held by The 1999 Ernestina Laura Herrera de Noble New York Trust and HHMMedia New York Trust, of which Mrs. Herrera de Noble and Mr. Magnetto,respectively, were beneficiaries, to each of them as direct holders. The total voting rights of each shareholder remain unchanged as a result of theReallocations, but the respective direct voting rights of Mrs. Ernestina LauraHerrera de Noble and Mr. Hector Horacio Magnetto have increased. The Company understands from the voting right holders that the transfers fromthe relevant trusts are part of a restructuring of such voting right holders'direct and indirect personal interest in Grupo Clarin S.A., to be carried out inseveral stages, commencing in December 2007 and continuing throughout 2008. TheCompany has been informed that the Reallocations have no economic effects oreffects on the voting structure of Grupo Clarin S.A., and that the Reallocationsdo not involve and are not intended as a preparation for, any change in theultimate holding and control structure of Grupo Clarin S.A. A. Mrs. Ernestina Laura Herrera de Noble: (a) Situation Previous to the Notified Reallocation: Class of Shares Number of shares Number of voting rights Percentage of voting rights Direct IndirectClass A CommonShares 27,014,797 135,073,985 0% 22.842%Class B CommonShares 76,273,979 76,273,979 0.090% 12.808% (b) Resulting Situation after the Notified Reallocation: Class of Shares Number of shares Number of voting rights Percentage of voting rights Direct IndirectClass A CommonShares 27,014,797 135,073,985 0% 22.842%Class B CommonShares 76,273,979 76,273,979 12.898% 0% B. Mr. Hector Horacio Magnetto (a) Situation Previous to the Reallocation: Class of Shares Number of shares Number of voting rights Percentage of voting rights Direct IndirectClass A CommonShares 26,847,641 134,238,205 0% 22.700%Class B CommonShares 33,441,035 33,441,035 0.033% 5.621% (b) Resulting Situation after the Reallocation: Class of Shares Number of shares Number of voting rights Percentage of voting rights Direct IndirectClass A CommonShares 26,847,641 134,238,205 0% 22.700%Class B CommonShares 33,441,035 33,441,035 5.655% 0% Enquiries: In Buenos Aires:Alfredo Marin/M. Julia Diaz Ardaya Grupo ClarinEmail: [email protected] In London:Alex Money/Tom AllisonTemple Bar AdvisoryTel: +44 20 7002 1080Email: [email protected] In New York:Melanie Carpenter/Peter MajeskiI-advize Corporate CommunicationsTel: +1 212 406 3692Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GCLA.L