Cresud Inc. Announces Share Repurchase Program
Ticker: CRESY · Form: 6-K · Filed: Dec 9, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, foreign-issuer, disclosure
TL;DR
Cresud Inc. is buying back its own stock.
AI Summary
On December 9, 2024, Cresud Inc. announced a new share repurchase program. The company, incorporated in the Republic of Argentina, is headquartered in Buenos Aires and operates in the real estate sector. This filing is a report of a foreign issuer.
Why It Matters
A share repurchase program can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This is a routine disclosure of a share repurchase program, not indicating immediate financial distress or significant operational changes.
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
- Buenos Aires, Argentina (company) — Principal executive offices location
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is a report of a foreign issuer pursuant to Rule 13a-16 or 15b-16 of the Securities Exchange Act of 1934, for the month of December 2024.
What is the official name of the registrant?
The official name of the registrant 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.
Where are Cresud Inc.'s principal executive offices located?
Cresud Inc.'s principal executive offices are located at Carlos Della Paolera 261, (C1001ADA) Buenos Aires, Argentina.
What is the SIC code for Cresud Inc.?
The Standard Industrial Classification (SIC) code for Cresud Inc. is 6500, which corresponds to Real Estate.
Filing Stats: 346 words · 1 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-09 08:53:55
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-015271.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 9, 2024