Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera Y Agropecuaria Approves Dividend
October 05, 2023 at 01:08 pm EDT
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Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria approved by majority of votes a cash dividend distribution according to their holdings payable (i) in cash for ARS 22,000,000,000, (ii) in kind, that is in shares issued by IRSA Inversiones y Representaciones S.A., owned by the Company and for the amount of 22,090,627 shares with nominal value ARS 10, amount updated due to the liquidation derived from the distribution of shares and change in the nominal value, through the application of a conversion ratio that, for each share with nominal value ARS 1 corresponded 0.90780451408 shares with nominal value ARS 10, at the closing price of October 4, 2023 which was ARS 644.75 for each IRSA share.
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.
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
