By letter dated November 1, 2017,
the
company informed that n
otice is given to
the shareholders that, pursuant to resolutions adopted at the
General Ordinary and Extraordinary Shareholders’ Meeting
dated October 31, 2017, and at the Board of Directors’
Meeting dated November 1, 2017, a cash dividend in the amount of
$1,400,000,000 (Argentine legal tender) will be made available to
shareholders as from November 14, 2017 (“Availability
Date”), which amount is equivalent to 243.365357966% of the
Company’s Capital Stock, an amount per share of
$2.43365357966 (Par value $1), and an amount per ADR of
$24.3365357966 (Argentine Pesos per ADR), to be charged against
fiscal year ended June 30, 2017, payable to all shareholders
registered as such as of November 13, 2017, in accordance with the
register held by Caja de Valores S.A. Pursuant to the referred
resolutions adopted by the Shareholders and Board of Directors,
local shareholders who hold common shares may choose to receive, in
lieu of their cash dividend share in Argentine Pesos, their
dividend share in US Dollars. In such event, the conversion value
of such currency will be set according to the seller exchange rate
for wire transfers quoted by Banco de la Nación Argentina at
the close of business on the trading day immediately preceding
availability date. Those local shareholders who hold common shares
and who wish to exercise the above-mentioned option shall inform
such decision to Caja de Valores S.A., located at 25 de mayo 362,
Autonomous City of Buenos Aires, either personally by showing their
ID or through a representative by showing an authorization signed
by the shareholder and certified by notary public, until, and
including, November 10, 2017 (the “Option Term”), from
10 a.m. to 3 p.m. To such end, they shall complete and sign a form
prepared to such purpose, as well as comply with the requirements
and formalities set forth therein. The option to receive payment in
US Dollars shall be exercised in full, which means exercise of the
option entails payment in full of the dividend to be received by
each shareholder. Any option to receive payment in US Dollars
exercised within the Option Term by a person who is not a holder of
shares of the Company as of November 13, 2017 shall be null and
void. Those local shareholders who hold common shares and who do
not exercise such option will receive their dividend payment in
Argentine Pesos. Since the shares concerned are book-entry shares,
payment in cash of the aforementioned dividend shall be made upon
submission of documentation evidencing the shareholder’s
identity, at Caja de Valores S.A., from Monday to Friday, from 10
a.m. to 3 p.m