Cresud Inc. Announces Share Repurchase Program
Ticker: CRESY · Form: 6-K · Filed: Dec 12, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, corporate-action, 6-K
TL;DR
Cresud is buying back its own stock, signaling confidence.
AI Summary
Cresud Inc. announced a new share repurchase program on December 12, 2024. The company, incorporated in the Republic of Argentina, has authorized the repurchase of its own shares, though specific dollar amounts or quantities were not detailed in this filing.
Why It Matters
Share repurchases can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This filing is an announcement of a standard corporate action (share repurchase) and does not contain immediate financial distress signals.
Key Players & Entities
- Cresud Inc. (company) — Registrant
- Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (company) — Registrant's full legal name
- Republic of Argentina (jurisdiction) — Jurisdiction of incorporation
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, specifically announcing a share repurchase plan.
When was this filing made?
The filing was made on December 12, 2024.
What is the company's full legal name?
The company's full legal name is Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria.
Where is Cresud Inc. incorporated?
Cresud Inc. is incorporated in the Republic of Argentina.
Does this filing specify the amount of shares to be repurchased?
No, this filing announces the repurchase plan but does not specify the dollar amount or number of shares authorized for repurchase.
Filing Stats: 346 words · 1 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-12 10:00:46
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-015441.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 12, 2024