City of Buenos Aires, August 9, 2017
Messrs.
BUENOS AIRES STOCK EXCHANGE
Messrs.
NATIONAL SECURITIES COMMISSION
Issuers Division
Dear Sirs,
In compliance with the provisions of section 63 of the Listing Regulations of Mercado de Valores de Buenos Aires S.A., I hereby inform you that at the Company’s Board of Directors meeting held on August 9, 2017, the following Condensed Interim Financial Statements were approved: Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, Notes to the Financial Statements, Informative Summary and the information required by section 12 of General Resolution No. 622 of the National Securities Commission, related to the six-month interim period ended June 30, 2017.
The amounts disclosed below are stated in thousands of Argentine pesos and arise from the Condensed Interim Financial Statements:
|
Six-month interim period | |
|
|
|
Profit for the period |
|
|
|
|
|
Attributable to the owners of the parent |
Profit |
368,774 |
Attributable to non-controlling interests |
|
0 |
|
Profit |
368,774 |
Other comprehensive income for the period |
|
|
|
|
|
Attributable to the owners of the parent |
|
0 |
Attributable to non-controlling interests |
|
0 |
|
|
0 |
Total comprehensive income for the period |
|
|
|
|
|
Attributable to the owners of the parent |
Profit |
368,774 |
Attributable to non-controlling interests |
|
0 |
|
Profit |
368,774 |
Empresa Distribuidora y Comercializadora Norte S.A.
Av. Del Libertador 6363 Piso 1° – (C1428ARG) Capital Federal – Tel.: (54-11) 4346-5088 / 5113 – Fax: (54-11) 4346-5301
Detail of Equity |
|
|
Share Capital– Nominal Value (1) |
|
906,455 |
Share Capital – Adjustment to Capital (2) |
|
408,063 |
Additional paid-in capital |
|
31,565 |
Statutory Reserve |
|
73,275 |
Discretionary Reserve |
|
176,061 |
Other Reserves |
|
0 |
Other Comprehensive Loss |
|
(37,172) |
Retained Earnings |
|
(819,874) |
Total attributable to the owners of the Company |
|
738,373 |
Non-controlling interests |
|
0 |
Total Equity |
|
738,373 |
(1) Includes 7,794 related to treasury shares.
(2) Includes 8,568 related to treasury shares.
Furthermore, and as required by sub-sections 6), 7) and 8) of section 62, we inform the following:
Class of shares |
Number of shares |
% on Share Capital |
|
|
|
A |
462,292,111 |
51.00 |
B |
442,210,385 |
48.78 |
C |
1,952,604 |
0.22 |
Total |
906,455,100 |
100.00 |
The class “A” shares are owned by Electricidad Argentina S.A. (EASA), domiciled at Maipú 1 of the City of Buenos Aires. The class “B” shares are currently traded at the New York Stock Exchange (through American Depositary Shares –“ADSs”) and the Buenos Aires Stock Exchange. As of June 30, 2017, the Company has 7,794,168 treasury shares.
An amount of 1,952,604 class “C” shares, which are held by Banco de la Nación Argentina as trustee of the Company Employee Stock Ownership Program, remains outstanding. Moreover, IEASA S.A., domiciled at Maipú 1 of the City of Buenos Aires, owns 99.99% of EASA’s voting shares.
In this respect, it is worth mentioning that -as disclosed in the Relevant Event submitted on March 30, 2017- this Distribution Company has been informed that EASA’s Board of Directors, in its meeting of March 29, 2017, approved -ad referendum of both the corresponding resolutions of the shareholders’ meetings and the respective approvals by the control authorities- the merger of EASA and IEASA S.A. as the acquired companies, which will be dissolved without liquidation, with and into Central Térmica Loma de la Lata S.A. (“CTLL”), as the acquiring and surviving company. Furthermore, the Preliminary Merger Agreement and the Consolidated Merger Statement of Financial Position have been approved. It must be pointed out that CTLL, the acquiring and surviving company, as well as EASA and IEASA, the acquired companies, belong to the same control group, inasmuch as Pampa Energía S.A. is the direct and/or indirect controlling shareholder of all of them.
The Company does not have debt securities convertible into shares, nor there exist stock options of the Company’s shares.
Yours sincerely,
VICTOR A RUIZ |
Officer in charge of Market Relations |
Empresa Distribuidora y Comercializadora Norte S.A.
Av. Del Libertador 6363 Piso 1° – (C1428ARG) Capital Federal – Tel.: (54-11) 4346-5088 / 5113 – Fax: (54-11) 4346-5301
Empresa Distribuidora y Comercializadora Norte S.A. | ||
By: | /s/ Leandro Montero | |
Leandro Montero | ||
Chief Financial Officer |
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