Cresud Inc. Announces Share Repurchase Program
Ticker: CRESY · Form: 6-K · Filed: Dec 16, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, foreign-issuer, corporate-action
TL;DR
CRES is buying back stock, signaling confidence.
AI Summary
Cresud Inc. announced a new share repurchase program on December 16, 2024. The company, incorporated in the Republic of Argentina, is authorized to repurchase its own shares.
Why It Matters
Share repurchase programs can signal management's confidence in the company's valuation and potentially boost earnings per share.
Risk Assessment
Risk Level: low — This is a standard corporate announcement regarding a share repurchase program, with no immediate negative financial implications.
Key Players & Entities
- Cresud Inc. (company) — Registrant
- Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (company) — Full legal name
- Republic of Argentina (jurisdiction) — Jurisdiction of incorporation
- December, 2024 (date) — Reporting period for the Form 6-K
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, for the month of December 2024.
What is the full legal name of the registrant?
The full legal name of the registrant is Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria.
In which jurisdiction is Cresud Inc. incorporated?
Cresud Inc. is incorporated in the Republic of Argentina.
What is the principal executive office address?
The principal executive office is located at Carlos Della Paolera 261 (C1001ADA) Buenos Aires, Argentina.
Is Cresud Inc. also furnishing information under Rule 12g3-2(b)?
The filing does not explicitly state whether the registrant is also furnishing information under Rule 12g3-2(b); it only indicates the filing is for the month of December 2024.
Filing Stats: 347 words · 1 min read · ~1 pages · Grade level 14.2 · Accepted 2024-12-16 09:18:00
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-015557.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 16, 2024