And
NORTHSOUTH
INVESTMENT COMPANY
Mr.
ESSENTIAL FACT
SOCIEDAD DE INVERSIONES NORTE SUR S.A.
Registration of Securities Registry N”%685
Santiago, April 1, 2022
Kevin Cowan Logan
Vice President
Financial Market Commission
Present
Dear Sir or Madam:
In compliance with the provisions of articles 9% and 10% of the Market Law
Securities, and in Section 11 Paragraph 2.2. of General Standard N930 of the
Commission for the Financial Market, and its modifications, I come to communicate to you
as an essential fact of Sociedad de Inversiones Norte Sur S.A., hereinafter
the “Company”, the following:
On May 4, 2021, the Company signed an agreement to dispose of its
shareholding in Incofin S.A., consisting of 9,928 shares,
representing 50% of the share capital of said company, to PETRA
GROUP HOLDINGS LIMITED, subject to certain suspensive conditions therein
agreed, hereinafter the “SPA”, which was informed in essential fact of
Date May 5, 2021.
As reported in essential fact dated July 14, 2021, dated 9
of July 2021, having fulfilled and/or waived the aforementioned conditions
suspensive, the documents foreseen for the closure of the
transaction. As a result of this, on July 14, 2021, the Company
received in cash, as payment of 80% of the purchase price
The sum of $16,295,198,920, the remaining 20% of the price would be paid in
the form, term and opportunities that were regulated in the SPA.
On March 14, the Company and PETRA GROUP HOLDINGS
LIMITED signed a contract to modify the SPA, in which a
1.1% discount on the transaction price, in order to speed up the
Payment of the balance of price of 20% of it.
Consequently, as of the foregoing, on March 31, 2022, the Company
received in cash, as payment of 20% of the sale indicated, the
sum of $3,850,000,000, paying in full the balance of the price of the
transaction, in accordance with the provisions of the modification of the SPA.
(O) NORTHSOUTH
INVESTMENT COMPANY
– The financial effects for the Company of the sale of its
Shareholding in Incofin S.A. is a financial loss of
M$223,799.73.-
Yours sincerely yours,
Christian Buzeta Roach
General Manager
Sociedad de Inversiones Norte Sur S.A.
Link to the file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=a74cc12a847de8ff384351bbe12bb23dVFdwQmVVMXFRVEJOUkVWNVQwUlpNazFuUFQwPQ==&secuencia=-1&t=1682376108
