SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of January, 2017
IRSA
Inversiones y Representaciones Sociedad
Anónima
(Exact name of Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Bolívar
108
(C1066AAB)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form 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
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
By letter dated January 30, 2017, the Company reported addtional
information to what was informed on September 16, 2016 in relation
to Series K Notes issued by IDB Development Corporation Ltd.
("IDBD") and its pledge with Shares of Clal Insurance Enterprise
Holdings Ltd. ("Clal").
In this regard, it is informed that on January 25, 2017, the
Supreme Court of Israel left without effect the decision that was
informed on September 16, 2016, that ordered to the regulatory
authority to report within 30 days the reasons that would prevent
IDBD from pledging 5% of its shares in Clal. In its new decision,
the judges ordered that, in addition to 3.92% of Clal shares
pledged in favor of a guaranteed creditor of the Menorah Group,
IDBD may only pledge 1.08% of Clal shares in favor of the holders
of Series K Notes.
Consequently, IDBD is evaluating the possibility of issuing a new
class of notes pledged to potential cash flows generated by its
investment in Clal. As of today, there are no details of the
characteristics of the new issuance nor of the date of
issuance.