Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Own Shares Distribution - October 2023
October 06, 2023 at 03:10 pm EDT
Share
The Company communicates to the shareholders the own shares distribution in the Shareholders' Meeting held on October 5, 2023
The shareholders are informed that in accordance with the resolution of the Ordinary and Extraordinary General Shareholders Meeting held on October 5, 2023 and the provisions of the Board of Directors meeting on the same date, it has been arranged to distribute the company's own treasury shares for a total of 5,791,355 ordinary shares of 1 vote per share and V$N 1 each, according to the following conditions:
Process start date: October 12, 2023
Payment address: Caja de Valores S.A. 25 de Mayo 362, City of Buenos Aires
Time: Monday to Friday from 10:00 a.m. to 3:00 p.m.
Amount approved by the Assembly: 5,791,355 shares.
The distribution of the shares constitutes 0.0098548967 shares per ordinary share and 0.098548967 per ADS, a percentage of 0.98548967% of the stock capital of ARS 587,662,679, net of treasury shares.
The fractions of shares will be settled in cash in accordance with the regulations of the Bolsas y Mercados Argentinos S.A. on fractions less than 1 share or 1 ADS.
It is recorded that the shares mentioned above will be received in the respective proportion by the holders of outstanding shares of the company as of October 11, 2023.
Cresud S.A.C.I.F. y A. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 19:09:19 UTC.
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.