Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Approves Cash Dividend, Payable Since May 14, 2024
May 02, 2024 at 04:25 pm
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The shareholders of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria are informed that in accordance with the resolution of the Board of Directors based on the delegation resolved by the Ordinary and Extraordinary General Shareholders? Meeting dated October 5, 2023, a cash dividend of ARS 30,000,000,000 charged to the year ended on June 30, 2023, equivalent to 5,054.820633405% of the stock capital with collection right represented by a total of 593,492,869 shares, will be made available to shareholders since May 14, 2024, or on the subsequent date resulting from the application of the regulations in the jurisdictions where the Company's shares are listed. The amount per ordinary share (VN$1) will be ARS 50.54820633405 and the amount per each American Depositary Share (ADS) will be ARS 505.4820633405, payable to all shareholders that have such quality as of May 13, 2024, according to the registry held by Caja de Valores S.A.
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.