The Company's
market capitalization as of December 31, 2023, was approximately
USD 563.3 million. (59,417,495 ADS with a price per ADS of USD
9.48)
As of December 31, 2023, the Company’s principal shareholder
and beneficial owner is Eduardo Sergio Elsztain. Direct or
indirectly, through the vehicles Inversiones Financieras del
Sur S.A (IFISA), Agroinvestment S.A and Consultores Venture Capital
Uruguay S.A.(CVCU), owns 228,670,718 shares, accounting for 38.88%
of the share capital (net of treasury shares). Eduardo
Sergio Elsztain is domiciled at Bolivar 108, 1st floor, Buenos
Aires City Center, IFISA is a company incorporated and domiciled at
Calle 8, km 17,500, Edificio Zonamérica 1, local 106,
Montevideo, Uruguay, Agroinvestment S.A is a company incorporated
and domiciled at Cambará 1620, 2nd floor, 202 office,
Carrasco, Montevideo, Uruguay and CVCU
is
a company incorporated and domiciled at Calle 8, km 17,500,
Edificio Zonamérica 1, local
106.
In addition, we report that as of December 31, 2023, after
deducting direct and indirect Eduardo Sergio Elsztain's interest
through IFISA, Agroinvestment S.A. and CVCU, and the treasury
shares, the remaining shareholders held 359,437,206 common,
registered, non-endorsable shares of ARS 1 par value each and
entitled to one vote per share, accounting for 61.12% of the issued
and subscribed capital stock.
It should be
considered that in March 2021 the company increased its share
capital by 90 million shares. For each subscribed share, each
shareholder received at no additional cost 1 warrant, that is, 90
million warrants were issued. Likewise, as a consequence of the
payment of cash dividends made on October 12, 2023, certain terms
and conditions of the outstanding warrants to subscribe common
shares were modified, being the current conversion ratio of 1.2548
common shares per warrant exercised and the current exercise price
of USD 0.4508 for each share.The warrants expire on March 10, 2026
and are listed on the Buenos Aires Stock Exchange under the symbol
“CRE3W” and on the NYSE under the symbol
“CRESW”. As of today, the number of warrants
outstanding is 87,662,070.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 704,173,322. We also inform that if
the group of control were to exercise its warrants like the rest of
the shareholders, its stake would increase by 44,091,287 ordinary
shares, which would mean a 39.07% stake on the share capital, that
is, 272,762,005 shares.
Below are the highlights for the three-month period
ended December 31, 2023: