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 4, 2024, reporting a share repurchase transaction executed on December 3, 2024, and settled on December 4, 2024. The company is incorporated in Argentina and trades on NASDAQ (CRESY) and BYMA (CRES).
Key Financial Metrics
This filing reports a specific capital allocation activity rather than comprehensive financial results. The transaction details are as follows:
- Shares Repurchased: 340,000 common shares
- Price per Share: ARS 1,427.6831
- Total Transaction Amount: ARS 485,412,240.00
- Currency: Argentine Peso (ARS)
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for the period.
Material Changes and Program Status
As of December 4, 2024, the company has repurchased a cumulative total of 961,964 common shares under its approved share buyback program. This volume represents approximately 19.59% of the total shares authorized for repurchase under the program.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a routine disclosure of a completed market transaction.
Key Facts for Investor Verification
- Verify the total size of the approved share repurchase program to confirm the remaining capacity (approx. 80.41% remaining).
- Confirm the current exchange rate between ARS and USD to assess the dollar-equivalent cost of the repurchase.
- Check subsequent filings for updates on the completion of the remaining 80.41% of the buyback program.