Buenos Aires, March 9th 2017
GAL Note N° 20/17
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
Ref.: Material Fact
Dear Sirs:
I hereby address you on behalf ofEmpresa Distribuidora y Comercializadora Norte S.A. (EDENOR) (the “Company”) in compliance with applicable laws and regulations, in order to inform that the Company’s Board of Directors in the meeting held yesterday’s afternoon decided to summon a Regular General and Extraordinary shareholders meeting for April 18th 2017 at 11:00 hr. on the first call and at 12.00 hr. on the second call for the case of the Regular Assembly, to be carried out at Edenor’s headquarters located in Del Libertador Ave. 6363 Ground Floor of the Autonomous City of Buenos Aires.
Likewise, it decided to create a Long-Term Incentive Plan (the “Plan”), within the aim of enhancing the alignment of the staff’s performance with the Company’s strategic planning as well as generating a clear and direct link between the creation of value for shareholders and the remuneration of the Company’s key staff, be means of the allocation of the Company’s own shares or those that in the future Edenor S.A. may acquire to that end.
Regarding its implementation and administration, the Plan contemplates the creation of anImplementation Committee to be composed by three (3) members of the Company’s Executive Committee, which before April 30th every year
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (Edenor S.A.)
Avda. del Libertador 6363 – Piso 12 – Buenos Aires, A1428ARG – Argentina – Tel.: 4346-5400 – Fax: 4346-5327
shall decide on the implementation of the Plan or otherwise for the corresponding calendar year, by issuing the respective Annual Award Resolution including the detail of beneficiaries and the corresponding terms and conditions.
Best regards,
Carlos D. Ariosa
Attorney-in-fact
Empresa Distribuidora y Comercializadora Norte S.A. | ||
By: | /s/ Leandro Montero | |
Leandro Montero | ||
Chief Financial Officer |