Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 189

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 9
Chunk 189
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ITEM 9.    THE OFFER AND LISTING
The number of shares as of December 31, 2024, was as follows:

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​                           Outstanding
Class of shares (*)   ​          Shares
Class A Shares              683,856,600
Class B Shares              628,058,019
Class C Shares                  106,734
Class D Shares              841,666,658
Total                     2,153,688,011

(*)   Share (nominal value P$1 each) with one vote each
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The Class B Shares are currently listed on the BYMA under the symbol “TECO2”. The ADSs are currently listed on the NYSE under the symbol “TEO”. Each ADS issued by the Depositary represents rights to five Class B Shares.
The ADSs by the Depositary under the Deposit Agreement dated as of May 7, 2021, among Telecom Argentina, the Depositary and the registered holders from time to time of the ADSs issued thereunder (the “Deposit Agreement”) trade on the NYSE. Each ADS represents rights to five Class B Shares.
The BYMA is the largest stock market in Argentina. Trading on the BYMA is conducted by continuous open auction, from 11:00 a.m. to 5:00 p.m. each business day. The BYMA also operates a continuous electronic market system each business day, on which privately arranged trades are registered and made public.
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PART I - ITEM 9 THE OFFER AND LISTING   TELECOM ARGENTINA S.A.
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Certain historical information regarding the BYMA is set forth in the table below.

                       ​                           ​          ​         ​         ​        ​         ​     
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​                                                                2024               2023               2022
Market capitalization (P$ billions) (1)                       113,270             42,042              9,358
As percent of GDP (2)                                              18                 21                 12
Volume (P$ million) (1)(3)                              1,629,522,218        379,665,221        110,512,821
Average daily trading volume (P$ million) (1)(3)            6,415,444          1,562,408            451,073
Number of traded companies (including Cedears)                    420                370