Irsa Investments & Representations Inc 6-K, filed Nov 9, 2022
Irsa Investments & Representations Inc (IRS)
6-K
2022-11-09
For: 2022-11-08
View Original
Added on
April 08, 2026
About this 6-K
Irsa Investments & Representations Inc filed this 6-K on November 9, 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 November, 2022
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
November 9, 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
|
|
|
|
09/30/2022
|
09/30/2021
|
|
Results of the period (three-month period)
|
1,297
|
(1,855)
|
| Attributable to: |
|
|
|
Shareholders
of the controlling company
|
1,162
|
(1,097)
|
|
Non-controlling
interest
|
135
|
(758)
|
|
|
|
|
|
2. Other integral results of the period
|
in million ARS
|
|
|
|
09/30/2022
|
09/30/2021
|
|
Other integral results of the period (three-month
period)
|
(260)
|
(299)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(245)
|
(297)
|
|
Non-controlling
interest
|
(15)
|
(2) |
|
|
|
|
|
3. Total integral results of the period
|
in million ARS
|
|
|
|
09/30/2022
|
09/30/2021
|
|
Total integral results of the period (three-month
period)
|
1,037
|
(2,154)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
917
|
(1,394)
|
|
Non-controlling interest
|
120
|
(760)
|
|
|
|
|
|
4. Equity details
|
in million ARS
|
|
|
|
09/30/2022
|
09/30/2021
|
|
Share
Capital
|
800
|
657
|
|
Treasury
shares
|
11
|
2
|
|
Comprehensive adjustment of capital stock and of treasury
shares
|
42,005
|
41,904
|
|
Warrants
|
3,556
|
3,556
|
|
Additional paid-in capital
|
80,401
|
48,228
|
|
Premium for trading of treasury shares
|
293
|
296
|
|
Legal Reserve
|
3,803
|
3,207
|
|
Special Reserve (Resolution CNV 609/12)
|
28,245
|
28,245
|
|
Cost of treasury share
|
(1,592)
|
(511)
|
|
Reserve
for future dividends
|
5,084
|
5,084
|
|
Reserve
for conversion
|
410
|
981
|
|
Special Reserve
|
1,631
|
63,026
|
|
Other reserves
|
(14,050)
|
(14,304)
|
|
Retained
earnings
|
43,436
|
(58,105)
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
194,033
|
122,266
|
|
Non-controlling
interest
|
13,352
|
41,043
|
|
Total shareholder's equity
|
207,385
|
163,309
|
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 810,888,515 (equivalent to
81,088,851 GDS, including treasury shares) which is divided
into 810,879,553
non-endorsable nominative ordinary shares of 1 Nominal Value 1 ARS
each with the right to 1 vote each and 8,962 non-endorsable
nominative ordinary shares of 1 Nominal Value 1 ARS each with the
right to 1 vote each in registration
process.
The Company's
market capitalization as of September 30, 2022, was approximately
USD 330 million. (81,088,851 GDS with a price per GDS of USD
4.07)
The main
shareholder of the Company is Cresud S.A.C.I.F. y A. (Cresud) with
436,031,776 shares directly and indirectly (through Helmir S.A.),
which represents 54.53% 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 September 30, 2022, subtracting the direct and indirect
ownership of Cresud and the treasury shares, the remaining
shareholders held the amount of 363,552,437 nominative
non-endorsable ordinary shares of 1 Nominal Value 1 ARS each with
the right to 1 vote each from the Company that represents 45.5% 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, which empower the shareholders to buy up to
80 million new shares at a price of USD 0.432 for each share. 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, 53,840 warrants
have been exercised and the amount outstanding is
79,946,160.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 890,834,675. We also inform that if
Cresud were to exercise its warrants like the rest of the
shareholders, its stake would increase by 49,644,626 ordinary
shares, which would mean a 54.52% stake on the share capital, that
is, 485,676,402 shares.
Among the news of
the period ended on September 30, 2022 and subsequent, the
following can be highlighted:
●
The net result for
the first quarter of fiscal year 2023 registered a gain of ARS
1,297 million compared to a loss of ARS 1,855 million in the
previous fiscal year.
●
The rental adjusted
EBITDA reached ARS 5,796 million, ARS 4,575 million in the Shopping
Malls segment, ARS 562 million in the Offices segment and ARS 659
million in the Hotels segment, 46.6% higher than the first quarter
of the previous year. Total adjusted EBITDA, which includes the
sale of one floor of “200 Della Paolera” building,
reached ARS 6,696 million, increasing 93.9% in the
period.
●
Real tenant sales
in shopping malls grew by 21.9% in the first quarter of 2023
compared to the same period in 2020, not affected by the pandemic.
Portfolio occupancy grew slightly to 93.7%.
●
The hotel segment
registered record revenue levels during the first quarter of fiscal
year 2023, motivated by the Llao Llao resort, in the city of
Bariloche. The EBITDA of the segment increased by 357.6% compared
to the same period of 2022.
●
During the period,
we finalized the share repurchase plan launched in the previous
fiscal year. The company acquired 1.16% of the capital stock for
the sum of ARS 995 million.
●
Since November
8th, 2022,
the Company made available to its shareholders a cash dividend for
ARS 4,340 million, equivalent to ARS/share 5.41438 and ARS/ADR
54.1438.
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
|
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|
|
|
||
|
|
By:
|
/S/ Saúl
Zang
|
|
|
|
|
Name:
Saúl Zang
|
|
|
|
|
Title:
Responsible for the Relationship with the Markets
|
|
Dated: November 9,
2022