GRUPO CLARIN S.A. Offering of 50,000,000 Class B Common Shares in the Form of Class B Shares and Global Depository Shares
GRUPO CLARIN S.A. Offering of 50,000,000 Class B Common Shares in the form of Class B Shares and Global Depository Shares This offering circular (the “Offering Circular”) relates to a global offering (the “Offering”) by Grupo Clarín S.A. (“Grupo Clarín” or the “Company”), a sociedad anónima organised under the laws of Argentina, and the selling shareholders named in this Offering Circular (the “Selling Shareholders”) of 50,000,000 class B common shares of the Company, with nominal value of one (1) Peso (as defined herein) and one vote per share, and with rights to dividends equal to those of the other outstanding shares of the Company. Of the class B common shares being offered, the Company is selling 15,000,000 class B common shares (the “New Shares”) and the Selling Shareholders are selling 35,000,000 class B common shares (the “Selling Shareholder Shares” and together with the New Shares, the “Class B Shares”). The Company will not receive any proceeds from the sale of the Selling Shareholder Shares. As part of the Offering, the Company and the Selling Shareholders are offering Class B Shares, in the form of global depositary shares (“GDSs” and, together with the Class B Shares, the “Securities”) evidenced by global depositary receipts (“GDRs”) in the United States of America (the “United States”) and other countries outside Argentina through the international underwriters named in this Offering Circular. Each GDS represents two Class B Shares. The Company is offering 3,500,000 New Shares in the form of 1,750,000 GDSs in the United States and other countries outside Argentina through the international underwriters named in this Offering Circular.
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