Cresud Inc. Announces Share Repurchase Program
Ticker: CRESY · Form: 6-K · Filed: Dec 11, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, company-announcement
TL;DR
Cresud Inc. is buying back up to 10% of its stock.
AI Summary
Cresud Inc. announced a new share repurchase program on December 11, 2024. The company, incorporated in the Republic of Argentina, has authorized the repurchase of up to 10% of its outstanding shares.
Why It Matters
This indicates management's belief that the company's stock is undervalued, potentially leading to increased shareholder value.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program and does not contain significant new risks.
Key Numbers
- 10% — Share Repurchase Authorization (The company is authorized to repurchase up to 10% of its outstanding shares.)
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
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K is a report of a foreign issuer pursuant to Rule 13a-16 or 15b-16 of the Securities Exchange Act of 1934, specifically announcing a share repurchase program.
When was this filing made?
The filing was made on December 11, 2024.
What is the maximum percentage of shares Cresud Inc. can repurchase?
Cresud Inc. has authorized the repurchase of up to 10% of its outstanding shares.
Where is Cresud Inc. incorporated?
Cresud Inc. is incorporated in the Republic of Argentina.
What is the principal executive office address of Cresud Inc.?
The principal executive office is located at Carlos Della Paolera 261, (C1001ADA) Buenos Aires, Argentina.
Filing Stats: 346 words · 1 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-11 08:45:12
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-015376.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 11, 2024