Santiago, May 11, 2022
ESSENTIAL FACT
Issuer ID:
Empresa Nacional de Telecomunicaciones S.A,
Open Joint Stock Company
R.U.T. 92.580.000-7
Address: Avda. Costanera Sur N° 2760 Piso 22, Parque Titanium, Torre C, Las Condes,
Santiago.
Registered in the Securities Registry with N° 0162.
This communication is made pursuant to the provisions of Article 9 and the second paragraph of Article 9.1.
of Article 10 of Law No. 18,045 and is an essential fact with respect to society, its
businesses, their public offering securities or the offering thereof.
Santiago, May 11, 2022
N°_09-2022 /
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
PRESENT REF.: Communicates essential facts or
Relevant information
Madam President:
The Board of Directors of the Company, in a meeting held today, agreed as follows:
(A) to call an extraordinary meeting of shareholders of Entel S.A. to be held on Monday, 23
May 2022 at 09:00 hrs. in Avenida Costanera Sur 2760 Piso -1, Comuna de Las Condes,
Santiago, in order to inform and submit to the approval of the shareholders
The following matters:
1. Distribution of a possible dividend charged to the accumulated profits of the
Partnership, of $470.- per share, equivalent to $141,948,043,110.- (one hundred and forty-one
one thousand nine hundred forty-eight million forty-three thousand one hundred and ten pesos), to be
paid on the day fixed by the extraordinary meeting of shareholders, at which
will propose for this purpose on Tuesday, May 31, 2022 (the “Dividend”, to the
shareholders registered in the respective registry at midnight on the fifth business day
prior to the date of payment, according to the procedures previously used
by the Company for the payment of dividends, without prejudice to the power of the
Meeting to set a different amount, dates or conditions of payment of the Dividend. The
above is proposed in consideration of the Company’s current financial position;
2. To empower the Board of Directors, if deemed necessary or convenient,
modify the date of payment of the Dividend, as well as grant it the other powers that
the Board agrees with respect to the Dividend; and
3. Adopt any other agreement or take any other action necessary to bring about
effect what is ultimately approved by the Board.
The Board of Directors, pursuant to the provisions of General Standard No. 435 and the Official Letter
Circular No. 1141 issued by the Commission for the Financial Market (CMF) both dated
March 18, 2020, has approved the participation and remote voting of shareholders in the
extraordinary meeting of shareholders and recommends the use of such mechanisms if the
date set for the realization of the Meeting, the health risks generated would be maintained
due to the Covid-19 pandemic, the effects of which are public knowledge. Mechanisms and
How each shareholder will be able to prove their identity and power, where appropriate, they will be communicated
timely to shareholders in the respective summons to the Meeting and on the website
https://informacioncorporativa.entel.cl/inversionistas/informacion-de-interes
Likewise, it is noted that the Board of Directors specially empowered the General Manager to
Qualify the sanitary and regulatory circumstances in force on the day set for the celebration of the
Board, in order for it to determine the need to invoke reasons of force majeure and suspend
the conduct of the Board or the adoption of any other action necessary for its
realization in the terms agreed by the Board of Directors. In the event that has been necessary
suspend the Meeting, it will be held within 30 days from the date on which
the situation that prevented the celebration of the same has ceased, all of which will be informed
timely to shareholders through an essential fact and the respective notices.
(B) pay an interim dividend of $470.- per share, effective Tuesday, May 31,
2022, charged to the profits of this year. The payment of this provisional dividend
will amount to the total sum of $141,948,043,110.- (one hundred and forty-one thousand nine hundred and forty).
and eight million forty-three thousand one hundred and ten pesos). They will be entitled to receive payment of this
dividend, shareholders registered in the register of shareholders at midnight on the fifth day
business prior to the date of your payment.
The agreement is based mainly on the current financial position of the
Company, as well as in the extraordinary profit derived from the closure of the Chilean part of the
Sale of data centers reported by essential event dated May 2.
Without further ado, greets you very sincerely,
TONIO BÚCHI BUC
General Manager
c.c.: Mr. Superintendent of Pensions
Bolsa Electrónica de Chile – Chilean Stock Exchange
Messrs. Directors
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=0c286207269c56fb7e52cb4a2905ea5dVFdwQmVVMXFRVEZOUkVVMFRsUmpORTEzUFQwPQ==&secuencia=-1&t=1682376108
