Irsa Investments & Representations Inc 6-K, filed Sep 6, 2022
Irsa Investments & Representations Inc (IRS)
6-K
2022-09-06
For: 2022-09-05
View Original
Added on
April 08, 2026
About this 6-K
Irsa Investments & Representations Inc filed this 6-K on September 6, 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 September, 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
September 5, 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
|
|
|
|
06/30/2022
|
06/30/2021
|
|
Results of the period
|
34,892
|
(61,641)
|
| Attributable to: |
|
|
|
Shareholders
of the controlling company
|
34,552
|
(49,077)
|
|
Non-controlling
interest
|
340
|
(12,564)
|
|
|
|
|
|
2. Other integral results of the period
|
in million ARS
|
|
|
|
06/30/2022
|
06/30/2021
|
|
Other integral results of the period
|
(177)
|
(18,748)
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(178)
|
(8,003)
|
|
Non-controlling
interest
|
1
|
(10,745)
|
|
|
|
|
|
3. Total integral results of the period
|
in million ARS
|
|
|
|
06/30/2022
|
06/30/2021
|
|
Total integral results of the period
|
34,715
|
(80,389)
|
|
Attributable to:
|
|
|
|
Shareholders of the controlling
company
|
34,374
|
(57,080)
|
|
Non-controlling
interest
|
341
|
(23,309)
|
|
|
|
|
|
4. Equity details
|
in million ARS
|
|
|
|
06/30/2022
|
06/30/2021
|
|
Share
Capital
|
805
|
657
|
|
Treasury
shares
|
6
|
2
|
|
Comprehensive
adjustment of capital stock and of treasury shares
|
34,291
|
34,236
|
|
Warrants
|
2,915
|
2,917
|
|
Additional
paid-in capital
|
65,914
|
39,535
|
|
Premium
for trading of treasury shares
|
243
|
243
|
|
Legal
Reserve
|
3,118
|
2,629
|
|
Special
Reserve (Resolution CNV 609/12)
|
23,164
|
23,164
|
|
Cost
of treasury share
|
(744)
|
(419)
|
|
Reserve
for future dividends
|
4,168
|
4,168
|
|
Reserve
for conversion
|
504
|
1,062
|
|
Special
Reserve
|
1,337
|
51,669
|
|
Other
reserves
|
(11,522)
|
(11,727)
|
|
Retained
earnings
|
34,654
|
(46,742)
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
158,853
|
101,394
|
|
Non-controlling
interest
|
10,874
|
34,259
|
|
Total shareholder's equity
|
169,727
|
135,653
|
Pursuant to Article
62 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 810,879,553 (including treasury
shares) which is divided into 810,865,416
non-endorsable nominative ordinary shares of 1 Nominal Value 1 ARS
each with the right to 1 vote each and 7,483 non-endorsable
nominative ordinary shares of 1 Nominal Value 1 ARS each with the
right to 1 vote each in registration
process.
The main
shareholder of the Company is Cresud S.A.C.I.F. y A. (Cresud) with
434,263,349 shares directly and indirectly (through Helmir S.A.),
which represents 53.94% 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 June 30, 2022, subtracting the direct and indirect ownership
of Cresud and the treasury shares, the remaining shareholders held
the amount of 370,866,503 nominative non-endorsable ordinary shares
of 1 Nominal Value 1 ARS each with the right to 1 vote each from
the Company that represents 46.06% 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, 44,878 warrants
have been exercised and the amount outstanding is
79,955,122.
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 54.32% stake on the share capital, that
is, 483,907,972 shares.
Among the news of
the period ended on June 30, 2022 and subsequent, the following can
be highlighted:
●
During the year, we
concluded the merger between IRSA and IRSA Commercial Properties
that has an effective date of July 1, 2021.
●
The net result for
fiscal year 2022 registered a gain of ARS 34,892 million compared
to a loss of ARS 61,641 million in fiscal year 2021.
●
Adjusted EBITDA
reached ARS 27,427 million in fiscal year 2022, 49% higher than in
2019, not affected by the pandemic. Rental adjusted EBITDA reached
ARS 15,782 million (ARS 12,248 million for Shopping Malls, ARS
2,443 million for offices and ARS 1,091 million for
Hotels).
●
Mall´s tenant
sales grew 9.5% in 2022 compared to 2019, not affected by the
pandemic. Portfolio occupancy grew to 93.1%.
●
During the year, we
sold 9 floors of the 200 Della Paolera building for USD 93.2
million and the República building for USD 131.8
million.
●
In December 2021,
we obtained the approval from the Legislature of the City of Buenos
Aires of our main project "Costa Urbana" in Puerto Madero Sur to
develop approximately 900,000 sqm of mixed uses.
●
Regarding financial
matters, we issued debt in the local market for USD 58.1 million
and after closing, we completed the exchange of the Series II
Notes, originally issued by IRSA Propiedades Comerciales S.A., for
USD 360 million within the framework of the Resolution of the
Central Bank of the Argentine Republic, reaching an acceptance of
66.4%.
●
During the year, we
launched a share repurchase plan for up to ARS 1,000 million, which
to date has registered an advance of 87.8%.
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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|
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By:
|
/S/ Saúl
Zang
|
|
|
|
|
Name:
Saúl Zang
|
|
|
|
|
Title:
Responsible for the Relationship with the Markets
|
|
Dated: September 5,
2022