The Company informs shareholders of the payment of a cash dividend resolved at the Shareholders’ Meeting held on April 27, 2023.
Shareholders are hereby notified that in accordance with the resolutions of the Ordinary and Extraordinary General Shareholders’ Meeting held on April 27, 2023 and the Board of Directors’ meeting held on April 27, 2023, a cash dividend in the amount of ARS 21,900,000,000.- 21,900,000,000. charged to the fiscal year ended June 30, 2022, equivalent to 2731.345050496% of the capital stock with the right to payment represented by a total of 801,802,760 shares as of May 5, 2023 or on the later date resulting from the application of the regulations in force in the jurisdictions where the Company’s shares are listed. The amount per share (VN$1) will be ARS 27.31345050496 and the amount per Global Depositary Shares (“GDS”) will be ARS 273.1345050496, payable to all shareholders who are shareholders as of May 4, 2023 according to the registry kept by Caja de Valores S.A. Payment will be made through Caja de Valores S.A., at its domicile located at 25 de Mayo 362, Ciudad Autónoma de Buenos Aires, from 10:00 to 15:00 hours.
The holders of GDS’s will receive the amounts corresponding to the dividend through The Bank of New York Mellon, depositary of such certificates as of the date resulting from the application of the regulations in force in the jurisdiction where the Company’s GDS’s are listed.
It is reported that the distribution of dividends has its origin in accordance with the following detail:
- The amount of ARS 5,409,000,000,000 arises from taxable income accrued prior to years beginning on or after July 1, 2018. Such amount is not subject to the 35% withholding established in Article 74 of the Income Tax Law (T.O. Decree 824/2019 and amendments thereto), since the dividends to be distributed do not exceed the taxable income determined based on the application of the general rules of such law, and
- The amount of ARS 16,491,000,000,000 arises from results accrued in fiscal years beginning after July 1, 2018 and is therefore subject to the 7% withholding established in Article 97 of the Income Tax Law (T.O. Decree 824/2019 and amendments thereto).
