FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of December 2003
Commission File Number 3337776
TV Azteca, S.A. de C.V.
(Translation of registrant's name into English)
Periferico Sur, No. 4121, Col. Fuentes del Pedregal, 14141 Mexico D.F., Mexico
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):______________
NOTE: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):__________
NOTE: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TV Azteca, S.A. de C.V.
(Registrant)
Date: December 23, 2003
By: /S/ OTHON FRIAS CALDERON
----------------------------
Name: Othon Frias Calderon
Title: Attorney-in-fact
SUMMARY OF THE RESOLUTIONS TAKEN IN THE GENERAL EXTRAORDINARY
SHAREHOLDERS METTING OF TV AZTECA, S.A. DE C.V.,
DATED ON DECEMBER 19, 2003.
At the Company's offices, the Statutory Examiner of the Company Luis Moiron
Llosa, CPA was present, Mr. Francisco Xavier Borrego Hinojosa Linage acted as
Chairman in the absence of Mr. Ricardo Benjamin Salinas Pliego and Mr. Othon
Frias Calderon as Secretary, once the Agenda was read, the Shareholders made the
following resolutions:
ITEM ONE
In order to comply with the terms of the General Applicable Rules for the
Securities Issuers and Other Participants in the Stock Market, published at the
Official Federal Gazette on March 19, 2003, the shareholders approved amendments
to: (1) Article Six of the By-laws to eliminate the current restrictions based
on the amount of the variable share of the capital stock and (ii) Article
Thirty-one of the By-laws to eliminate the Shareholders Meeting Authorization
for the sale of shares of other companies that have a value over twenty percent
of the company's accounting capital.
ITEM TWO
It was noted that the prescription rights to purchase Unefon, S.A. de C.V.'s
shares from capital stock, and the cancellation of the rights to purchase
Cosmofrecuencias, S.A. de C.V.'s shares from capital stock, granted on the
Shareholders Meeting dated on December 4, 2000, was approved.
The split-off from TV Azteca, S.A. de C.V., as the old company, with the
creation of a variable capital anonymous company (sociedad anonima de capital
variable) called "Unefon Holdings" as the new company was approved.
The Audited Financial Statements of TV Azteca, S.A. de C.V., for the fiscal year
from January 1 to December 31, 2002, previously approved by the Shareholders
Meeting, were used as a basis for the decision to approve the split-off.
The split-off will be effective forty-five calendar days after the publication
in the Official Federal Gazette and a major Mexico City newspaper of the summary
of the approved resolutions for the split-off according to the sections V, VI
and VII Article 228 Bis of the General Mercantile Companies Law.
The assets that will be transferred to Unefon Holdings, S.A. de C.V. are as
follows: 1,170,000,000 issued shares by Unefon, S.A. de C.V., representing 46.5%
of it's capital stock; and 305,295 issued shares by Cosmofrecuencias, S.A. de
C.V., representing 50% of its capital stock.
The portion of the accounting capital that TV Azteca, S.A. de C.V. will
contribute to Unefon Holdings, S.A. de C.V. will be in the amount of
$625,298,000.00, where $68,000,000.00 comes from the capital stock and
$557,298,000.00 from accounting capital.
The shareholders approved the fixed share reduction of TV Azteca, S.A. de C.V.'s
capital stock in the amount of $68,000,000.00 (sixty eight million pesos 00/100
Mexican currency) in the amount of $1,626,612,147.00 (one thousand and six
hundred twenty six million six hundred and twelve thousand one hundred and forty
seven pesos 00/100 Mexican currency), that will be represented per common and
ordinary shares series "A" and per limited vote shares series "D-A", "D-L" and
"L", all without nominal value and currently in circulation.
Once the split-off becomes effective, Unefon Holdings, S.A. de C.V.'s securities
will be registered both in the National Securities Registry, Securities Section
(Registro Nacional de Valores, Seccion de Valores) and a stock market in the
United States, upon approval from the National Bank and Securities Commission
(Comision Nacional Bancaria y de Valores) and the U.S. Securities and Exchange
Commission, respectively.
ITEM THREE
The reduction of capital agreed to at the General Shareholders Meeting of the
Company on April 30, 2003 and the corresponding refund to the shareholders of
the Company that was due to the effects of the company's accounting capital,
reducing the Company's capital stock in the amount of US$137,000,000.00 (one
hundred and thirty seven million U.S. dollars), was ratified.
ITEM FOUR
The shareholders did not consider any other points with respect to the
foregoing.
ITEM FIVE
Francisco Xavier Borrego Hinojosa Linage, Othon Frias Calderon and Luis Ricardo
Ontiveros Sandoval were designated as special delegates to legalize the
resolutions adopted at the Meeting.
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RESUMEN DE ACUERDOS ADOPTADOS EN LA ASAMBLEA GENERAL
EXTRAORDINARIA DE ACCIONISTAS DE TV AZTECA, S.A. DE C.V.,
CELEBRADA EL 19 DE DICIEMBRE DE 2003.
En el domicilio de la sociedad, estando presente el Comisario, contador publico
Luis Moiron Llosa, actuando como presidente, en ausencia del senor Ricardo
Benjamin Salinas Pliego, el senor Francisco Xavier Borrego Hinojosa Linage y
como secretario, el senor Othon Frias Calderon, una vez leido el Orden del Dia
los accionistas adoptaron las siguientes resoluciones:
PUNTO UNO.-
A efecto de dar cumplimiento a ciertos lineamientos de las Disposiciones de
Caracter General Aplicables a las Emisoras de Valores y a otros Participantes
del Mercado e Valores publicadas en el Diario Oficial de la Federacion el 19 de
marzo de 2003, se aprobo reformar: (i) la Clausula Sexta de los estatutos
sociales a fin de eliminar las limitaciones existentes respecto del monto de la
parte variable del capital social y (ii) la Clausula Trigesimo Primera de los
estatutos sociales a fin de eliminar la necesidad de autorizacion por parte de
la Asamblea de Accionistas para la enajenacion de acciones de otras sociedades
que impliquen un valor superior al veinte por ciento del capital contable de la
Sociedad.
PUNTO DOS.-
Se tomo nota de la prescripcion de los derechos para la compra de las acciones
representativas del capital social de Unefon, S.A. de C.V. y se aprobo la
cancelacion de los derechos para la compra de las acciones representativas del
capital social de Cosmofrecuencias, S.A. de C.V., que fueron otorgados en la
Asamblea de Accionistas de la Sociedad del 4 de diciembre de 2000.
Se aprobo la escision de TV Azteca, S.A. de C.V., como sociedad escindente,
dando nacimiento a una sociedad anonima de capital variable bajo la denominacion
"Unefon Holdings", como sociedad escindida.
Se tomo como base para la escision, los Estados Financieros Auditados de TV
Azteca, S.A. de C.V., por el ejercicio social transcurrido del 1(0) de enero al
31 de diciembre de 2002, previamente aprobados por la Asamblea de Accionistas de
la Sociedad.
La escision surtira plenos efectos cuarenta y cinco dias naturales despues de
que se publique en la Gaceta Oficial del Distrito Federal y en uno de los
periodicos de mayor circulacion en la misma ciudad, el extracto de la resolucion
que apruebe la escision de conformidad con las fracciones V, VI y VII del
Articulo 228 Bis de la Ley General de Sociedades Mercantiles.
Los activos que se transferiran a Unefon Holdings, S.A. de C.V., son:
1,170'000,000 acciones emitidas por Unefon, S.A. de C.V., representativas del
46.5% de su capital social; y 305,295 acciones emitidas por Cosmofrecuencias,
S.A. de C.V., representativas del 50% de su capital social.
La parte de capital contable que TV Azteca, S.A. de C.V., aportara a Unefon
Holdings, S.A. de C.V., sera la cantidad de $625'298,000.00, de la cual,
$68'000,000.00 provendran del capital social y $557'298,000.00 de otras cuenta
de capital contable.
Por virtud de la escision, se aprobo reducir la parte minima fija del capital
social de TV Azteca, S.A. de C.V., en $68'000,000.00 (Sesenta y Ocho Millones de
Pesos 00/100 Moneda Nacional) para quedar en $1,626'612,147.00 (Un Mil
Seiscientos Veintiseis Millones Seiscientos Doce Mil Ciento Cuarenta y Siete
Pesos 00/100 Moneda Nacional), mismo que continuara representado por las
acciones comunes, ordinarias, de la Serie "A" y por acciones de voto limitado de
las Series "D-A", "D-L" y "L", todas sin expresion de valor nominal, que
actualmente se encuentran en circulacion.
Una vez que la escision surta plenos efectos, los valores de Unefon Holdings,
S.A. de C.V., se inscribiran tanto en la Seccion de Valores del Registro
Nacional de Valores como en algun mercado de cotizacion de los Estados Unidos de
America, previa autorizacion que la Comision Nacional Bancaria y de Valores y la
Securities Exchange Commission otorguen al efecto, respectivamente.
PUNTO TRES.-
Se hizo constar que la reduccion de capital acordada por la Asamblea General de
Accionistas de la Sociedad celebrada el 30 de abril de 2003 y el correspondiente
reembolso a los accionistas de la Sociedad se dio mediante la afectacion del
capital contable de la Sociedad por lo que se ratifico dicha reduccion del
capital de la Sociedad en US$137'000,000.00 (Ciento Treinta y Siete Millones de
Dolares, moneda de Curso Legal de los Estados Unidos de America).
PUNTO CUATRO.-
No existio punto alguno relacionado con los anteriores que los accionistas
quisieran tratar.
PUNTO CINCO.-
Se autorizo indistintamente a los senores Francisco Xavier Borrego Hinojosa
Linage, Othon Frias Calderon y Luis Ricardo Ontiveros Sandoval como delegados
especiales de la Asamblea para acudir ante Notario y formalizar los acuerdos
tomados en la Asamblea.
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