Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Cash Dividend Payment October 2023
October 06, 2023 at 03:02 pm
Share
The Company communicates to the Shareholders' the payment of a cash dividend approved in the Shareholders' Meeting held on October 5, 2023
The Shareholders are informed that in accordance with the resolution of the Ordinary and Extraordinary General Shareholders' Meeting dated October 5, 2023 and the Board of Directors meeting, due to the delegations made by the Shareholders Meeting, a cash dividend for the sum of ARS 22,000,000,000.- and a dividend in kind through the delivery of 22,090,627 shares of IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA ("IRSA") owned by the Company, according to the price of said shares as of October 4, 2023 which amounts to the sum of ARS 644.75, charged to the fiscal year ended June 30, 2023, equivalent to 3743.644234382% for the cash dividend and 2423.657698% for the dividend in kind, of the share capital with the right to collect represented by a total of 587,662,679 shares, will be made available to the shareholders as of October 12, 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 37.43644234382 and the amount for each American Depositary Shares ("ADS") will be ARS 374.3644234382, payable to all shareholders that have such quality as of October 11, 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.
It is noted that the distribution of dividends is subject to the 7% withholding tax established in article 97 of the Income Tax Law (T.O. Decree 824/2019 and mod.). Likewise, and based on the provisions of article 6 of RG AFIP 4478/2019, the withholding of the payment of dividends in cash and in kind will be deducted directly from the cash dividend.
Cresud S.A.C.I.F. y A. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 19:01:19 UTC.
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.