CRESUD INC. Form 6-K Summary
Business Context and Reporting Period
CRESUD S.A.C.I.F. and A. (CRESUD Inc.) filed this Form 6-K on December 11, 2024, reporting a share repurchase transaction. The company is incorporated in Argentina and trades on NASDAQ (CRESY) and BYMA (CRES).
Key Financial Metrics and Transaction Details
The filing details a specific share buyback transaction rather than full-period financial statements.
- Transaction Date: December 10, 2024 (Trade Date) / December 11, 2024 (Settlement Date)
- Shares Repurchased: 422,248 common shares
- Price per Share: ARS 1,455.9161
- Total Amount Spent: ARS 614,757,670.00
- Cumulative Repurchases: 3,045,674 shares (approximately 66.41% of the approved program)
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period.
Material Changes
The primary material change reported is the reduction of outstanding shares through the repurchase of 422,248 shares, advancing the company's share buyback program to 66.41% completion.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the execution of the share repurchase.
Key Facts for Investor Verification
- Verify the total size of the approved share repurchase program to confirm the remaining capacity (33.59% unutilized).
- Confirm the current market price of CRESUD shares relative to the ARS 1,455.9161 repurchase price.
- Review the company's most recent 20-F or quarterly report for comprehensive financial metrics (revenue, EBITDA, debt) not included in this 6-K.