Black and White SA reported in an essential character, which on May 2, 2025, an extraordinary session of the company’s board of directors was held, in which it was agreed to choose President of the Board of Directors and the company to Yakob Aníbal Mosa Mosa Shmes, and as vice president of the same to Eduardo Loyola Osorio.
Memory rejection
On the other hand, through another essential fact, he reported that at the Ordinary Board of Shareholders of the Company, held on April 28, 2025, the Memory, the Balance and other financial statements of the company corresponding to the year ended as of December 31, 2024, were rejected by the Board with the vote of 50.20% of the actions present in the Board.
Of the total actions that rejected the memory, the balance and other financial statements indicated above, the representative of two shareholders attending the Board, headlines of 14.98% of the total of the voting rights of the company, made the following comment through the mechanism made available by the Board of Directors of the Company for Participation and Voting remotely in the Board:
“The auditing company of Black and White, BDO, recommended that an income for $ 1.5 billion, related to a media DG contract for the realization of concerts in the Monumental Stadium, would not be incorporated into the year 2024.
The above, the company said, “resulted in a complaint with the CMF, which is still ongoing. Therefore, in the light of this information that is public, it would not be prudent to approve this matter, but once the case is clarified and the complaint by the CMF is resolved. It would not be prudent to approve the balance and financial statements, but once clarified e/ case and resolved the complaint by the CMF.”
Regarding the remaining 35.22% of actions that rejected the financial statements, Blanco and Megro points out that “we do not receive arguments and there were no comments or objections on the Board by the other shareholders who rejected the memory, balance and other financial statements, nor adhered to the observation previously transcribed.”
The company made it in mind that “the balance and financial statements of the company, corresponding to the year ended on December 31, 2024, have a favorable opinion without observations from the company’s external audit company, BDO Auditores & Limited Consultants.” He also stated that, “as of this date, the company has not been notified of presentation, investigation or denunciation regarding the facts referred to in the observation formulated in the Board, which is why the company does not have information regarding the existence and/or the content of the alleged complaint.”
