Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Dividend & own shares distribuition - Record date for ADS holders
November 28, 2023 at 05:17 pm EST
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The Bank of New York Mellon ("BONY"), depositary bank of the ADS, announced December 7, 2023 as the record date for the dividend payment and the treasury shares distribution to ADS holders, approved by the Shareholders' Meeting held on October 5, 2023.
The estimated cash dividend announced is approximately USD/ADS 0.367391 and it was calculated considering the blue chip swap FX of ARS/USD 1,018.98 and it does not consider the performance of the "Super Ahorro $" common investment fund, where the company deposited the dividend funds until the BONY could transfer them in favor of the ADS holders.
Due to the restrictions informed in the material fact published on October 20, 2023, the payment date of the dividend in cash and in kind, as well as the treasury shares distribution, has not been defined yet. The Company reminds that the dividend in kind is 0.03759 IRSA GDS per CRESUD ADS, and the treasury shares distribution is of 0.00985 ADS per each ADS, representative of 0.9855% of the stock capital.
The effective amount of the cash dividend will be set when the payment date is determined, in accordance with the FX and the net performance of the aforementioned common investment fund.
Cresud S.A.C.I.F. y A. published this content on 28 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2023 22:15:59 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.
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
