MASISA
Your world, your style
MASISA S.A.
Open Joint Stock Company
Registration in the Securities Registry N* 825
Santiago, March 29, 2023
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
Present
REF.: COMMUNICATION OF ESSENTIAL FACT.
From our consideration:
In accordance with the provisions of Article 9% and second paragraph of Article 10 of Law No. 18,045
on the Securities Market and in General Rule N*30 of the Commission for the Market
Financial, duly authorized, I come to communicate to you, as an essential fact
with respect to Masisa S.A. (“Masisa” or the “Company”) and its business, the following:
The Company’s Extraordinary Shareholders’ Meeting, held today, March 29, 2023, agreed to a
decrease in the capital of Masisa in the total amount of 176,983,897.07 United States dollars
United States of America, consisting of (i) a decrease in capital in the amount of 136,983,897.07
United States dollars, to absorb accumulated losses as at 31
December 2022 for that amount, in order to leave the Company in a position to
distribute dividends in the future to the extent that it generates profits and (ii) a decrease in capital
in the amount of 40,000,000 United States dollars, to be distributed between
all shareholders of Masisa, in proportion to their participation in the Company, in order to
distribute the cash surpluses generated by the operation of the business in 2022.
With this decrease of US$ 176,983,897.07, the current capital
subscribed and paid in the amount of US$ 596,556,991.95, divided
in 7,480,886,772 shares without par value, of the same and single series and without privileges, it would decrease
to the amount of 419,573,094.88 United States dollars, without changing the amount of
actions in which it is divided.
Yours faithfully,
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=eb000d706df674a08d8fec9701cd82c5VFdwQmVVMTZRWHBOUkVWNlRYcEZkMDFSUFQwPQ==&secuencia=-1&t=1682376108
