Cresud Inc. Announces Share Repurchase Program
Ticker: CRESY · Form: 6-K · Filed: Dec 13, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, 6-K, Argentina
TL;DR
Cresud Inc. is buying back up to 10% of its stock, signaling confidence.
AI Summary
Cresud Inc. announced a share repurchase program on December 13, 2024. The company, incorporated in the Republic of Argentina, has authorized the repurchase of up to 10% of its outstanding shares. This program aims to enhance shareholder value.
Why It Matters
This move signals management's confidence in the company's valuation and can potentially boost the stock price by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program, which is a common corporate action.
Key Numbers
- 10% — Share Repurchase Authorization (Up to 10% of outstanding shares can be repurchased.)
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 13, 2024 (date) — Filing date
FAQ
What is the maximum percentage of outstanding shares Cresud Inc. is authorized to repurchase?
Cresud Inc. is authorized to repurchase up to 10% of its outstanding shares.
On what date was this Form 6-K filed?
This Form 6-K was filed on December 13, 2024.
What is the jurisdiction of incorporation for Cresud Inc.?
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.
What type of SEC filing is this report?
This report is a Form 6-K, a Report of Foreign Issuer Pursuant to Rule 13a-16 or 15b-16 of the Securities Exchange Act of 1934.
Filing Stats: 346 words · 1 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-13 09:32:32
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-015489.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 13, 2024