Irsa Investments & Representations Inc 6-K, filed May 9, 2023
Irsa Investments & Representations Inc (IRS)
6-K
2023-05-09
For: 2023-05-09
View Original
Added on
April 08, 2026
About this 6-K
Irsa Investments & Representations Inc filed this 6-K on May 9, 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 May, 2023
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
9, 2023, 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
|
|
|
|
03/31/2023
|
03/31/2022
|
|
Results of the period (six-month period)
|
31,768
|
23,501
|
| Attributable to: |
|
|
|
Shareholders
of the controlling company
|
30,768
|
25,476
|
|
Non-controlling
interest
|
1000
|
(1,975)
|
|
|
|
|
|
2. Other integral results of the period
|
in million ARS
|
|
|
|
03/31/2023
|
03/31/2022
|
|
Other integral results of the period (six-month
period)
|
(1,075)
|
(1,397)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(1,079)
|
(1,385)
|
|
Non-controlling
interest
|
2
|
(12) |
|
|
|
|
|
3. Total integral results of the period
|
in million ARS
|
|
|
|
03/31/2023
|
03/31/2022
|
|
Total integral results of the period (six-month
period)
|
30,693
|
22,104
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
29,689
|
24,091
|
|
Non-controlling interest
|
1,004
|
(1,987)
|
|
|
|
|
|
4. Equity details
|
in million ARS
|
|
|
|
03/31/2023
|
03/31/2022
|
|
Share
Capital
|
800
|
657
|
|
Treasury
shares
|
11
|
2
|
|
Comprehensive adjustment of capital stock and of treasury
shares
|
60,323
|
60,323
|
|
Warrants
|
5,062
|
5,077
|
|
Additional paid-in capital
|
114,834
|
114,949
|
|
Premium for trading of treasury shares
|
417
|
423
|
|
Legal Reserve
|
8,109
|
5,430
|
|
Special Reserve (Resolution CNV 609/12)
|
40,330
|
40,330
|
|
Cost of treasury share
|
(1,867)
|
(600)
|
|
Reserve
for future dividends
|
7,259
|
7,259
|
|
Reserve
for conversion
|
(46)
|
429
|
|
Special Reserve
|
47,033
|
2,329
|
|
Other reserves
|
(20,293)
|
(21,379)
|
|
Retained
earnings
|
36,186
|
25,662
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
297,754
|
240,845
|
|
Non-controlling
interest
|
18,407
|
17,150
|
|
Total shareholder's equity
|
316,161
|
257,995
|
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 811,122,208 (equivalent to
81,112,220 GDS, including treasury shares) which is divided
into 810,895,390
non-endorsable nominative ordinary shares of 1 Nominal Value 1 ARS
each with the right to 1 vote each and 226,818 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 March 31, 2023, was approximately USD
471 million. (81,112,220 GDS with a price per GDS of USD
5.81)
The main
shareholder of the Company is Cresud S.A.C.I.F. y A. (Cresud) with
454,612,016 shares directly and indirectly (through Helmir S.A.),
which represents 56.84% 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, 2023, subtracting the direct and indirect ownership
of Cresud and the treasury shares, the remaining shareholders held
the amount of 345,236,039 nominative non-endorsable ordinary shares
of 1 Nominal Value 1 ARS each with the right to 1 vote each from
the Company that represents 43.2% 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, 60,439 warrants
have been exercised and the amount outstanding is
79,939,561.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 894,368,252. We also inform that if
Cresud were to exercise its warrants like the rest of the
shareholders, its stake would increase by 51,838,918 ordinary
shares, which would mean a 57.35% stake on the share capital, that
is, 506,450,934 shares.
Among the news of
the period ended on March 31, 2023 and subsequent, the following
can be highlighted:
●
The net result for
the nine-month
period of fiscal year 2023 registered a gain of ARS 31,768 million,
35.2% higher than the same period of the previous fiscal
year.
●
Adjusted EBITDA
from the rental segments reached ARS 26,682 million, 38.7% higher
than the nine-month period of the previous year, driven by the
Shopping Centers and Hotels segments. Total adjusted EBITDA, which
includes sales of investment properties, reached ARS 31,251
million, increasing 20.1% in the period.
●
Tenant sales in
Shopping Centers grew by 18.3% in the nine-month period of 2023
compared to the same period of 2022 and the occupancy grew
significantly, reaching 96.8%.
●
In March 2023, we
sold 7 floors of the “200 Della Paolera” building for
USD 81.2 million. .
●
During
the quarter, we issued Series XV and XVI Notes for the sum of USD
90 million and canceled the Series I, II and IX Notes for the sum
of USD 204.8 million.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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|
|
|
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|
|
By:
|
/S/ Saúl
Zang
|
|
|
|
|
Name:
Saúl Zang
|
|
|
|
|
Title:
Responsible for the Relationship with the Markets
|
|
Dated: May 9,
2023