Buenos Aires, August 11, 2014
COMISIÓN NACIONAL DE VALORES
Argentine Securities and Exchange Commission
25 de Mayo 175
Issuers´ Sub-Management Office
BOLSA DE COMERCIO DE BUENOS AIRES
Argentine Stock Exchange
Sarmiento 299
Re.: Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDENOR S.A.).Abstract of Board of Directors’ Meeting’s Minutes.Approval of Interim Financial Statements as of 06-30-2014.
Dear Sirs,
I hereby address you on behalf of Empresa Distribuidora y Comercializadora Norte S.A., in compliance with the relevant rules in force. To that purpose, we hereby submit the abstract of the relevant part of Minutes No. 388 of Board of Directors’ Meeting held on August 7, 2014 at Avenida del Libertador 6363, 11th Floor, City of Buenos Aires, in relation to the approval of the interim Financial Statements in theTHIRD ITEM of the Agenda:3) Consideration of the interim Financial Statements as of June 30, 2014.
Yours sincerely.
Ricardo A. Torres
EDENOR S.A.
Chairman
ABSTRACT OF RELEVANT PART OF EDENOR S.A’S MINUTES No. 388
MINUTES No. 388: In the City of Buenos Aires, on August 7, 2014, at 10:00 am, the undersigning Directors and Statutory Auditors of EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (“Edenor S.A.”) (the “Company”), to wit Ricardo Torres, Edgardo Volosín, Gustavo Mariani, Pablo Díaz, Maximiliano Fernández, Eduardo Llanos, Eduardo Setti, Eduardo Endeiza, Santiago Durán Cassiet and Juan Cuattromo, and on behalf of the Supervisory Committee Daniel Abelovich, Damián Burgio and Jorge Pardo, held a meeting at Av. del Libertador 6363, City of Buenos Aires. Furthermore, Mr. Andrés Suarez, partner in PwC, attended the meeting in his capacity as independent auditor, and Mr. Leandro Montero, Finance and Control Director of Edenor S.A. and Mr. Jaime Barba, Director of Corporate Affairs and in charge of the Board’s Secretary, also attended the meeting. The meeting was chaired by the Chairman of the Board, Mr. Ricardo Torres, who after verifying quorum, declared the meeting duly held and submitted to the consideration of the attending Directors the […] THIRD ITEM of the Agenda: 3°)Consideration of the interim Financial Statements as of June 30, 2014. The Chairman informed that the Meeting should consider the Financial Statements and other documents for the six-month period ended June 30, 2014, and stated all attendees were aware of all such documents as they were previously handed over to them together with the Call to that Meeting. Accordingly, the Chairman moved to avoid reading those documents, which motion was unanimously approved. Thereafter, the Chairman moved all Directors to consider the Interim Condensed Financial Statements as of June 30, 2014, and for the six-month periods ended June 30, 2014, including General Balance Sheet, Statement of Comprehensive Income, Statement of Changes in Shareholders’ Equity, Statement of Cash Flows, supplemental documents, Informative Report, information required under section 68 of the Regulations of the Buenos Aires Stock Exchange, reports of the Certifying Accountant and the Supervisory Committee, all for the period ended June 30, 2014. Thereafter, and prior to the voting on the item under consideration, Mr. Jorge Pardo took the floor and informed all attendees that the report of the Supervisory Committee on the Company’s Financial Statements as of June 30, 2014 under consideration, was approved by the majority of opinions of its members and not by unanimous vote, as he proposed a report different from the one finally approved by the Supervisory Committee at its Meeting No. 268 held on August 7, 2014. In that respect, he submitted a copy of such document to the Board of Directors’ consideration, clarifying that the main difference between both documents was based on the feasibility of operating as on-going concern. The Chairman thanked Mr. Jorge Pardo for the clarification made, and moved all attendees to continueconsidering the Item, asking for documents submitted for consideration to be approved.After discussing and voting on the motion, the Board of Directors unanimously, withDirectors Endeiza, Setti, Cuattromo and Durán Cassiet abstaining from voting, resolved to: (i) approve all documents submitted for consideration in that Item of the Agenda; (ii) take note of the reports attached to the Financial Statements approved; and (iii) authorize either the Chairman or Vice-Chairman to sign the Financial Statements for the period ended June 30, 2014.[…] There being no further issues to transact, the meeting was adjourned at 11:00 am.
Signed by: Ricardo Torres, Edgardo Volosín, Gustavo Mariani, Eduardo Llanos, Pablo Díaz, Maximiliano Fernández, Eduardo Endeiza, Eduardo Setti, Santiago Durán Cassiet, Juan Cuattromo, Daniel Abelovich, Damián Burgio and Jorge Pardo.
Ricardo A. Torres
EDENOR S.A.
Chairman
Empresa Distribuidora y Comercializadora Norte S.A. | ||
By: | /s/ Leandro Montero | |
Leandro Montero | ||
Chief Financial Officer |