Cresud Inc 6-K, filed Feb 11, 2022
Cresud Inc (CRESY)
6-K
2022-02-11
For: 2022-02-10
View Original
Added on
April 07, 2026
About this 6-K
Cresud Inc filed this 6-K on February 11, 2022.
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 February, 2022
Cresud
Sociedad Anónima, Comercial,
Inmobiliaria,
Financiera y
Agropecuaria
(Exact name of Registrant as specified in its
charter)
Cresud Inc.
(Translation of registrant´s name into
English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Carlos Della Paolera
261
(C1001ADA)
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 o No
x
CRESUD
S.A.C.I.F. and A.
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is the
English translation of the letter filed with the Comision Nacional de Valores and
Bolsa de Comercio de Buenos
Aires on February 10, 2022.
By letter dated February 10, 2022,
the
company reported that in compliance with Section 63 of the Regulations
issued by the Buenos Aires Stock Exchange, this is to report the
following information:
|
1. Results of the period
|
in million ARS
|
|
|
|
09/30/2021
|
06/30/2021
|
|
Results of the period (six-month period)
|
38,030
|
(4,924)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
21,207
|
(4,528)
|
|
Non-controlling
interest
|
16,823
|
(396)
|
|
|
|
|
|
2. Other integral results of the period
|
in million ARS
|
|
|
|
09/30/2021
|
06/30/2021
|
|
Other integral results of the period
(six-month period)
|
(12,048)
|
(9,419)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(4,881)
|
(1,941)
|
|
Non-controlling
interest
|
(7,167)
|
(7,478)
|
|
|
|
|
|
3. Total integral results of the period
|
in million ARS
|
|
|
|
09/30/2021
|
06/30/2021
|
|
Total integral results of the period
(six-month period)
|
25,982 |
(14,343)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
16,326
|
(6,469)
|
|
Non-controlling
interest
|
9,656
|
(7.874)
|
|
|
|
|
|
4. Equity details
|
in million ARS
|
|
|
|
09/30/2021
|
06/30/2021
|
|
Share
Capital
|
589
|
499
|
|
Treasury
shares
|
3
|
3
|
|
Comprehensive
adjustment of capital stock and of treasury shares
|
18,138
|
18,108
|
|
Warrants
|
1,769
|
-
|
|
Additional
paid-in capital
|
22,893
|
19,161
|
|
Premium
for trading of treasury shares
|
163
|
163
|
|
Legal
Reserve
|
847
|
847
|
|
Special
Reserve (Resolution CNV 609/12)
|
-
|
1,395
|
|
Cost
of treasury share
|
(271)
|
(271)
|
|
Changes in
non-controlling interest
|
(4,092)
|
(5,545)
|
|
Revaluation
Surplus
|
290
|
2,331
|
|
Conversion
reserve
|
2,263
|
7,842
|
|
Reserve
for stocks-based payments
|
313
|
894
|
|
Other
comprehensive subsidiary results
|
2,181
|
609
|
|
Other subsidiary
reserves
|
724
|
168
|
|
Retained
earnings
|
9,605
|
(894)
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
55,415
|
45,310
|
|
Non-controlling
interest
|
95,811
|
92,955
|
|
Total shareholder's equity
|
151,226
|
138,265
|
In
compliance with the Article 63 Section l) 6) and 8) of the referred
Regulations, we report that as of the closing date of the financial
statements, the Company’s capital stock was ARS
591,880,987 (including treasury shares), divided
into591,880,987
common, registered, non-endorsable shares of ARS 1 par value each
and entitled to one vote per share. Total shares outstanding is
589,692,259.
As of December 31, 2021, the Company’s principal shareholder
and beneficial owner is Eduardo Sergio Elsztain. Direct or
indirectly, through the vehicles Inversiones Financieras del
Sur S.A (IFISA), Agroinvestment S.A and Consultores Venture Capital
Uruguay S.A.(CVCU), owns 216,240,797 shares, accounting for 36.67%
of the share capital (net of treasury shares). Eduardo
Sergio Elsztain is domiciled at Bolivar 108, 1st floor, Buenos
Aires City Center, IFISA is a company incorporated and domiciled at
Calle 8, km 17,500, Edificio Zonamérica 1, local 106,
Montevideo, Uruguay, Agroinvestment S.A is a company incorporated
and domiciled at Cambará 1620, 2nd floor, 202 office,
Carrasco, Montevideo, Uruguay and CVCU
is
a company incorporated and domiciled at Calle 8, km 17,500,
Edificio Zonamérica 1, local
106.
In addition, we report that as of December 31, 2021, after
deducting direct and indirect Eduardo Sergio Elsztain's interest
through IFISA, Agroinvestment and CVCU, and the treasury shares,
the remaining shareholders held 373,451,462 common, registered,
non-endorsable shares of ARS 1 par value each and entitled to one
vote per share, accounting for 63.33% of the issued and subscribed
capital stock.
It should be
considered that in March 2021 the company increased its share
capital by 90 million shares. For each subscribed share, each
shareholder received at no additional cost 1 warrant, that is, 90
million warrants were issued, which empower the shareholders to buy
up to 90 million new shares at a price of USD 0.566 for each share.
The options expire on March 10, 2026 and are listed on the Buenos
Aires Stock Exchange under the symbol “CRE3W” and on
the NYSE under the symbol “CRESW”.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 681,642,804. We also inform that if
the group of control were to exercise its warrants like the rest of
the shareholders, its stake would increase by 35,137,449 ordinary
shares, which would mean a 36.88% stake on the share capital, that
is, 251,378,246 shares.
Below are the highlights for the six-month period
ended December 31, 2021:
●
The net result for
the first half of fiscal year 2022 recorded a gain of ARS 38,030
million compared to ARS 4,924 million loss in the same period of
2021, mainly due to higher agricultural operating results and the
gain from changes in fair value of investment properties from
IRSA.
●
Adjusted EBITDA for
the period reached ARS 15,829 million, 21.7% higher than in 2021.
Adjusted EBITDA of the agribusiness segments reached ARS 12,098
million, due to higher results from grains, sugar cane and farmland
sales.
●
The 2022 campaign
is developing with La Niña weather conditions, high
international commodity prices and higher margins than the previous
one, although with rising costs. We planted approximately 256,000
ha in the region.
●
During the
semester, our subsidiary Brasilagro sold a fraction of its Rio do
Meio farm for BRL 130.1 million and completed the sale of a
fraction of its Alto Taquarí farm for BRL 336.0
million.
●
Regarding urban
segment, in December 2021, the Shareholders’ Meetings of IRSA
and IRSA PC approved the merger by absorption between the
companies, in which IRSA absorbs IRSA PC. The merger has an
effective date of July 1, 2021, and the exchange of IRSA PC shares
for IRSA shares will take place in the coming months. As a result
of the merger, CRESUD stake in IRSA is reduced to
53.68%.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
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Cresud
Sociedad Anónima, Comercial, Inmobiliaria, Financiera y
Agropecuaria
|
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By:
|
/S/ Saúl
Zang
|
|
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Saúl
Zang
|
|
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Responsible
for the Relationship with the Markets
|
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February 10,
2022