Cresud Inc 6-K, filed Sep 7, 2023
Cresud Inc (CRESY)
6-K
2023-09-07
For: 2023-09-06
View Original
Added on
July 04, 2026
About this 6-K
Cresud Inc filed this 6-K on September 7, 2023.
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 September, 2023
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 September 6, 2023.
By letter dated September 6, 2023,
the
company reported that in compliance with Section 62 of the Regulations
issued by the Bolsas y Mercados Argentinos S.A., this is to report
the following information:
|
1. Profil of the fiscal year
|
in million of ARS
|
|
|
|
06/30/2023
|
06/30/2022
|
|
Profit of the fiscal year
|
75,287
|
135,815
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
42,224
|
79,954
|
| Non-controlling interest | 33,063 | 55,861 |
|
|
||
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2.
Other comprehensive income for the fiscal year
|
in million of ARS
|
|
|
|
06/30/2023
|
06/30/2022
|
|
Other comprehensive income for the fiscal year
|
9,044
|
45,414
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
3,703
|
(18,145)
|
|
Non-controlling
interest
|
5,341
|
(27,269)
|
|
|
|
|
|
3.
Total comprehensive income for fiscal year
|
in million of ARS
|
|
|
|
06/30/2023
|
06/30/2022
|
|
Total comprehensive income for fiscal
year
|
84,331 |
90,401
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
45,927
|
61,809
|
|
Non-controlling
interest
|
38,404
|
28,592
|
|
|
|
|
|
4. Equity details
|
in million of ARS
|
|
|
|
06/30/2023
|
06/30/2022
|
|
Share
Capital
|
586
|
590
|
|
Treasury
shares
|
7
|
2
|
|
Comprehensive
adjustment of capital stock and of treasury shares
|
54,390
|
54,387
|
|
Warrants
|
5,103
|
5,176
|
|
Share Premium |
67,878
|
67,303
|
|
Premium
for trading of treasury shares
|
(3,831)
|
491
|
|
Legal
Reserve
|
5,256
|
2,484
|
|
Special
Reserve
|
34,230
|
-
|
|
Cost
of treasury share
|
(2,597)
|
(795)
|
|
Conversion
reserve
|
5,978
|
2,669
|
|
Reserve
for stocks-based payments
|
528
|
528
|
|
Other
reserves
|
6,901
|
(1,019)
|
|
Retained
earnings
|
33,599
|
(45,615)
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
208,028
|
177,431
|
|
Non-controlling
interest
|
272,106
|
268,368
|
|
Total shareholder's equity
|
480,134
|
445,799
|
In
compliance with the Article 62 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
593,389,883 (including treasury shares), divided into
593,389,883
ordinary shares, registered, non-endorsable shares nominal value of
ARS 1 each and entitled to one vote per share. Total shares
outstanding is 586,045,787.
As of June 30, 2023, 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 228,519,673 shares, accounting for 38.99%
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 June 30, 2023, after deducting
direct and indirect Eduardo Sergio Elsztain's interest through
IFISA, Agroinvestment and CVCU, and the treasury shares, the
remaining shareholders held 357,526,114 common, registered,
non-endorsable shares of ARS 1 par value each and entitled to one
vote per share, accounting for 61.01% 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. 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”. As of today, the number of warrants
outstanding is 88,293,771.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 692,561,447. 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 39,467,114 ordinary
shares, which would mean a 39.11% stake on the share capital, that
is, 267,986,787 shares.
Below are the highlights for the fiscal year ended
June 30, 2023:
●
The operating
result of the agricultural business in 2023 reached ARS 6,454
million, decreasing by 83.2% compared to 2022, mainly explained by
lower productive results from the grain and livestock activity in
Argentina, sugar cane in Brazil and a loss from changes in the fair
value of investment properties.
●
We sowed 283,000
hectares in the region during the 22/23 campaign, including our own
farms leased to third parties, and we reached a crop production of
approximately 764,000 tons, 4% below the previous campaign due to
the impact of the severe argentine drought on crop
yields.
●
During
the fiscal year, our subsidiary Brasilagro sold 4 fractions of
farms for a total amount of USD 122 million.
●
In June 2023, we
acquired the 1,250-hectare “Los Sauces” farm in La
Pampa for USD 4.5 million
●
During fiscal year
2023, we issued debt in the local market for USD 196.3 million and
successfully completed the exchange of the Series XXIII Notes for
USD 113 million.
●
We paid dividends
on two occasions during the fiscal year for a total amount of USD
61 million and distributed treasury shares, equivalent to 2.2% of
the share capital.
●
On September 6,
2023, the Board of Directors called a Shareholders' Meeting in
order to distribute a dividend in cash and in kind, among other
points to be discussed. The dividend proposal is for up to ARS
22,000 million in cash and for up to 24,334,124 IRSA Inversiones y
Representaciones S.A. shares. Additionally, it proposes to
distribute treasury shares for approximately 1% of the stock
capital.
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
|
|
September 6,
2023