UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of November 2020
Commission File Number: 001-13464
Telecom Argentina S.A.
(Translation of registrant’s name into English)
Alicia Moreau de Justo, No. 50, 1107
Buenos Aires, Argentina
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes o No x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes o No x
Telecom Argentina S.A.
Item
1. |
Buenos Aires, November 13th, 2020
Comisión Nacional de Valores |
Re.: Telecom Argentina S.A.
Dividend Distribution and Reserve Withdrawal
Dear Sirs,
I am writing to you in my capacity as Chairman of Telecom Argentina S.A. (“Telecom Argentina” or “the Company”), to inform you that the Company’s General Extraordinary Shareholders’ Meeting held today resolved:
1) To distribute dividends in kind as follows: i) Global Bonds of the Argentine Republic amortizable in US Dollars maturing on 07/09/2030 (the “2030 Global Bonds”), for a nominal value of US$ 157,642,897, and ii) Global Bonds of the Argentine Republic amortizable in US Dollars maturing on 07/09/2035 (the “2035 Global Bonds”) for a nominal value of US$ 271,896,177, at a ratio of US$ 0.073196719 2030 Global Bonds and US$ 0.126246780 2035 Global Bonds per share of the Company.
2) Consequently, to fully withdraw the “Voluntary Reserve for Future Cash Dividends,” which in constant currency at October 31, 2020 amounts to ARS 6,152,292,670, and to partially withdraw the “Voluntary Reserve to maintain the Company’s level of investments in capital assets and the current level of solvency” in the amount of ARS 18,571,082,008.
Sincerely,
| Telecom Argentina S.A. |
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| /s/ Carlos A. Moltini |
| Chairman |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Date: | November 13, 2020 | By: | /s/ Fernando J. Balmaceda | |
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| Name: | Fernando J. Balmaceda |
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| Title: | Responsible for Market Relations |