CRESUD S.A.C.I.F y A Approves Cash Dividend, Payable May 5, 2023
April 28, 2023 at 08:34 am
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CRESUD S.A.C.I.F y A. informs that Shareholders are informed that in accordance with the resolution of the Ordinary and Extraordinary General Shareholders' Meeting dated April 27, 2023 and the Board of Directors meeting dated April 27, 2023, due to the delegations made by the Shareholders' Meeting, a cash dividend for the sum of ARS 9,500,000,000.- charged to the fiscal year ended June 30, 2022, equivalent to 1652.4532264939% of the share capital with the right to collect represented by a total of 574,902,808 shares, will be made available to the shareholders as of May 8, 2023 or on the later date resulting from the application of the regulations that operate in the jurisdictions where the Company's shares are listed (Date of Provision). The amount per share (NV$1) will be ARS 16.524532264939 and the amount for each American Depositary Shares (ADS) will be ARS 165.24532264939, payable to all shareholders that have such quality as of May 5, 2023 according to the registry held by Caja de Valores S.A. Payment will be made through Caja de Valores S.A., at its address at 25 de Mayo 362, Ciudad Autónoma de Buenos Aires, from 10 a.m. to 3 p.m. Holders of ADSs will receive the amounts corresponding to the dividend through The Bank of New York Mellon, depositary of said certificates as of the date resulting from the application of the regulations in force in the jurisdiction where the Company's ADSs are listed.
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.