Cresud Inc. Announces Share Repurchase Program
Ticker: CRESY · Form: 6-K · Filed: Dec 10, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Dec 10, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, stock-buyback, company-announcement
TL;DR
Cresud Inc. is buying back its own stock, signaling confidence.
AI Summary
Cresud Inc. announced a share repurchase program on December 10, 2024, authorizing the company to buy back its own shares. The filing does not specify a dollar amount or a specific number of shares to be repurchased, nor does it provide an end date for the program.
Why It Matters
Share repurchases can signal management's confidence in the company's valuation and potentially increase earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program without immediate financial implications or significant new information.
Key Players & Entities
- Cresud Inc. (company) — Registrant
- Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (company) — Full legal name of registrant
- December 10, 2024 (date) — Filing date
FAQ
What is the maximum number of shares Cresud Inc. is authorized to repurchase?
The filing does not specify the maximum number of shares authorized for repurchase.
Is there a specific dollar amount allocated for the share repurchase program?
No, the filing does not mention a specific dollar amount for the repurchase program.
When does the share repurchase program expire?
The filing does not provide an expiration date for the share repurchase program.
What is the primary purpose of this Form 6-K filing?
This Form 6-K is a report of a foreign issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, announcing a share repurchase program.
In which country is Cresud Inc. incorporated?
Cresud Inc. is incorporated in the Republic of Argentina.
Filing Stats: 346 words · 1 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-10 09:07:18
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-015337.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 10, 2024