Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Material Fact - Loan granted to IFISA
May 20, 2021 at 09:54 am EDT
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The Company reports that its Board of Directors has approved the extension for a period of one year of the loan granted by CRESUD to Inversiones Financieras del Sur S.A. ('IFISA'), a company controlled by Mr. Eduardo Sergio Elsztain, president of the Company, for the amount of 3,235,000 IRSA American Depositary Receipts ('IRSA ADRs'), maintaining the remaining agreed terms and conditions. Cresud kept the economic and political rights related to the IRSA ADRs.
Consulted the Audit Committee in the terms of Chapter III of the Regulations of the National Securities Commission, as well as articles 72 and 110 inc. h) of Section IV of Capital Market Law No. 26,831, and after analysing the feasibility of the transaction, it has issued a favourable opinion.
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Cresud S.A.C.I.F. y A. published this content on 20 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 13:53:04 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 
