Cresud Inc. Announces Share Repurchase Program
Ticker: CRESY · Form: 6-K · Filed: Dec 3, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, disclosure, foreign-issuer
TL;DR
Cresud Inc. is buying back its own stock, signaling confidence.
AI Summary
Cresud Inc. announced a new share repurchase program on December 3, 2024. The company, incorporated in the Republic of Argentina, is authorized to repurchase its own shares as part of its ongoing financial strategies. This action is being reported via a Form 6-K filing with the SEC.
Why It Matters
Share repurchases can signal management's confidence in the company's valuation and potentially boost earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a share repurchase program, which is a common corporate action.
Key Players & Entities
- Cresud Inc. (company) — Registrant
- Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (company) — Registrant's full legal name
- Republic of Argentina (company) — Jurisdiction of incorporation
- December 3, 2024 (date) — Filing date
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is to report information to the SEC regarding Cresud Inc.'s share repurchase program.
What is Cresud Inc.'s full legal name?
Cresud Inc.'s full legal name is Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria.
In which country is Cresud Inc. incorporated?
Cresud Inc. is incorporated in the Republic of Argentina.
What is the filing date of this document?
The filing date of this document is December 3, 2024.
Is Cresud Inc. also furnishing information under Rule 12g3-2(b)?
The filing indicates that the registrant is by furnishing the information contained in this Form, also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Filing Stats: 346 words · 1 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-03 09:07:18
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-015123.txt ( ) — 34KB
SIGNATURES
SIGNATURES     Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.      Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria        By:  /S/ Saúl Zang        Saúl Zang        Responsible for the Relationship with the Markets   December 3, 2024