Irsa Investments & Representations Inc 6-K, filed May 7, 2024
Irsa Investments & Representations Inc (IRS)
6-K
2024-05-07
For: 2024-05-07
View Original
Added on
April 08, 2026
About this 6-K
Irsa Investments & Representations Inc filed this 6-K on May 7, 2024.
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 May,
2024
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)
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 ☐ No
x
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
By letter dated May
7, 2024, 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
|
|
|
|
03/31/2024
|
03/31/2023
|
|
Results of the period (nine-month period)
|
(111,728)
|
123,217
|
| Attributable to: |
|
|
|
Shareholders
of the controlling company
|
(104,926)
|
119,339
|
|
Non-controlling
interest
|
(6,802)
|
3,878
|
|
|
|
|
|
2. Other comprehensive income for the results of the
period
|
in million ARS
|
|
|
|
03/31/2024
|
03/31/2023
|
|
Other comprehensive income for
the period (nine-month period)
|
(3,292)
|
(4,170)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(3,388)
|
(4,186)
|
|
Non-controlling
interest
|
96
|
16 |
|
|
|
|
|
3. Total
comprehensive income for the
results of the period
|
in million ARS
|
|
|
|
03/31/2024
|
03/31/2023
|
|
Total integral results of the period (nine-month
period)
|
(115,020)
|
119,047
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(108,314)
|
115,153
|
|
Non-controlling interest
|
(6,706)
|
3,894
|
|
|
|
|
|
4. Equity details
|
in million ARS
|
|
|
|
03/31/2024
|
03/31/2023
|
|
Share
Capital
|
7,265
|
800
|
|
Treasury
shares
|
124
|
11
|
|
Comprehensive adjustment of capital stock and of treasury
shares
|
274,023
|
236,309
|
|
Warrants
|
19,122
|
19,636
|
|
Share Premium
|
402,378
|
445,406
|
|
Premium for trading of treasury shares
|
(8,691)
|
1,618
|
|
Legal Reserve
|
40,432
|
31,450
|
|
Special Reserve (Resolution CNV 609/12)
|
156,428
|
156,428
|
|
Cost of treasury share
|
(17,161)
|
(8,807)
|
|
Reserve
for future dividends
|
61,532
|
28,151
|
|
Reserve
for conversion
|
(2,796)
|
(181)
|
|
Special Reserve
|
97,493
|
182,428
|
|
Other reserves
|
(79,001)
|
(78,707)
|
|
Retained
earnings
|
(78,628)
|
140,353
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
872,520
|
1,154,895
|
|
Non-controlling
interest
|
59,637
|
71,397
|
|
Total shareholder's equity
|
932,157
|
1,226,292
|
Pursuant to
Article 63 paragraph l) sections 6) and 8) of the next Regulation,
we inform that at the closing date of the financial statements, the
share capital of the Company is ARS 7,389,022,820 (including
treasury shares) represented by 738,902,282
non-endorsable
nominative ordinary shares of Nominal
Value ARS 10 each with the right
to 1 vote each which are as of
today duly registered. The amount of outstanding shares is
726,505,142.
The Company's
market capitalization as of March 31, 2024, was approximately USD
692 million. (73,890,228 GDS with a price per GDS of USD
9.36)
The main
shareholder of the Company is Cresud S.A.C.I.F. y A. (Cresud) with
397,831,498 shares directly and indirectly (through Helmir S.A.),
which represents 54.76% of the share capital (the treasury shares
are subtracted). Cresud is our ultimate controlling entity and is a
company incorporated and domiciled in the Argentine Republic. The
address of its registered office is Carlos Della Paolera 261, 9th
floor, Autonomous City of Buenos Aires, Argentina.
We also inform that
as of March 31, 2024, subtracting the direct and indirect ownership
of Cresud and the treasury shares, the remaining shareholders held
the amount of 328,673,644 nominative non-endorsable ordinary shares
of Nominal Value 10 ARS each with the right to 1 vote each from the
Company that represents 45.24% of the issued share
capital.
It should be
considered that in May 2021 the company increased its share capital
by 80 million shares. For each subscribed share, each shareholder
received at no additional cost 1 warrant, that is, 80 million
warrants were issued. The options expire on May 12, 2026 and are
listed on the Buenos Aires Stock Exchange under the symbol
“IRS2W” and on the NYSE under the symbol
“IRSWS”. As of today, the amount outstanding of
warrants is 77,624,512.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 834,163,083 (considering the current
ratio of 1,2272 ordinary shares per warrant). We also inform that
if Cresud, through its subsidiary Helmir S.A., were to exercise its
warrants like the rest of the shareholders, its stake would
increase by 60,923,885 ordinary shares, which would mean a 55.83%
stake on the share capital (excluding treasury shares), that is,
458,755,383 shares.
Among the news of
the period ended on March 31, 2024 and subsequent, the following
can be highlighted:
●
The net result for
the nine-month period of fiscal year 2024 recorded a loss of ARS
111,728 million compared to a gain of ARS 123,217 million in the
same period of the previous year, mainly explained by the impact of
inflation exposure on the fair value of investment
properties.
●
The rental adjusted
EBITDA reached ARS 112,911 million in the nine months of fiscal
year 2024, 9.1% higher than the same period of the previous year,
ARS 86,475 million coming from the Shopping Malls segment, ARS
8,776 million from the office segment and ARS 17,660 million from
the Hotels. Total adjusted EBITDA reached ARS 128,826 million,
increasing 6.3% compared to the same period of the previous
year.
●
Real tenant sales
in shopping malls fell 18.5% in the third quarter of fiscal year
2024 as a result of the acceleration of inflation and a drop in
consumption. In the accumulated nine-month period of the year,
sales grew by 0.9% compared to the same period in
2023.
●
We maintained high
occupancy rates in the three rental segments: 97.9% in shopping
centers, 92.8% in our premium offices and 68.7% in the hotel
portfolio.
●
During the quarter
and subsequently, we repurchased approximately 1.7% of the stock
capital and in May 2024, we approved a new cash dividend for ARS
55,000 million (ARS/share 76.1457 and ARS/GDS 761.4575), which will
be distributed since May 9.
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.
|
|
IRSA
Inversiones y Representaciones Sociedad
Anónima
|
||
|
|
|
||
|
|
By:
|
/S/ Saúl
Zang
|
|
|
|
|
Name:
Saúl Zang
|
|
|
|
|
Title:
Responsible for the Relationship with the Markets
|
|
Dated: May 7,
2024