Report of Foreign Issuer (6-k)
November 08 2019 - 3:01PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of November, 2019
IRSA
Inversiones y Representaciones Sociedad
Anónima
(Exact name of Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Bolívar
108
(C1066AAB)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ☐ No
x
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
By letter dated
November 11, 2019, the Company reported that in compliance with
Section 63 of the Regulations issued by the Buenos Aires Stock
Exchange, this is to report the following information:
1. Results of the period
|
in million ARS
|
|
09/30/2019
|
09/30/2018
|
Results of the period (nine-month period)
|
10,983
|
9,059
|
Attributable to:
|
|
|
Shareholders
of the controlling company
|
3,298
|
7,982
|
Non-controlling
interest
|
7,685
|
1,077
|
|
|
|
2. Other integral results of the period
|
in million ARS
|
|
09/30/2019
|
09/30/2018
|
Other integral results of the period (nine-month
period)
|
11,590
|
19,242
|
Attributable to:
|
|
|
Shareholders
of the controlling company
|
(688)
|
4,351
|
Non-controlling interest
|
12,278
|
14,891
|
|
|
|
3. Total integral results of the period
|
in million ARS
|
|
09/30/2019
|
09/30/2018
|
Total integral results of the period (nine-month
period)
|
22,573
|
28,301
|
Attributable to:
|
|
|
Shareholders
of the controlling company
|
2,610
|
12,333
|
Non-controlling interest
|
19,963
|
15,968
|
|
|
|
4. Equity details
|
in million ARS
|
|
09/30/2019
|
09/30/2018
|
Share
Capital
|
575
|
575
|
Treasury
shares
|
4
|
5
|
Comprehensive
adjustment of capital stock and of treasury shares
|
10,532
|
10,532
|
Additional
paid-in capital
|
11,448
|
11,448
|
Premium
for trading of treasury shares
|
62
|
62
|
Legal
Reserve
|
382
|
382
|
Special
Reserve (Resolution CNV 609/12)
|
7,402
|
7,402
|
Cost
of treasury share
|
(127)
|
(142)
|
Changes in
non-controlling interest
|
(4,288)
|
(3,568)
|
Reserve
for share-based payments
|
161
|
174
|
Reserve
for future dividends
|
1,332
|
1,332
|
Revaluation
Surplus
|
82
|
82
|
Reserve
for conversion
|
(427)
|
5,184
|
Special
Reserve
|
56,246
|
4,716
|
Reserve
for coverage instruments
|
(7)
|
103
|
Reserve
for defined benefit plans
|
(244)
|
(244)
|
Other
subsidiary reserves
|
27
|
(1)
|
Retained
earnings
|
(45,486)
|
30,406
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
37,674
|
68,447
|
Non-controlling
interest
|
45,756
|
80,764
|
Total shareholder's equity
|
83,430
|
149,211
|
5. Adjustments of previous results
|
in million ARS
|
|
09/30/2019
|
Change in the valuation method of investment
properties
|
(1,590)
|
Attributable to:
|
|
Shareholders
of the controlling company
|
(913)
|
Non-controlling
interest
|
(677)
|
Pursuant to Article
62 paragraph l) sections 6) and 8) of the next Regulation, we
inform that at the closing date of the financial statements, the
share capital of the Company is ARS 578,676,460 (including treasury
shares) which is divided into 578,676,460 non-endorsable nominative
ordinary shares of 1 Nominal Value 1 ARS each with the right to 1
vote each.
The main
shareholder of the Company is Cresud S.A.C.I.F. y A. (Cresud) with
359,102,211 shares directly and indirectly (through Helmir S.A.),
which represents 62.4% of the share capital (the treasury shares
are subtracted). Cresud is our ultimate controlling entity and is a
company incorporated and domiciled in the Argentine Republic. The
address of its registered office is Moreno 877, 23rd floor,
Autonomous City of Buenos Aires, Argentina.
We also inform that
on September 30, 2019, subtracting the direct and indirect
ownership of Cresud and the treasury shares, the remaining
shareholders held the amount of 216,915,791 nominative
non-endorsable ordinary shares of 1 Nominal Value 1 ARS each with
the right to 1 vote each from the Company that represents 37.7% of
the issued share capital.
As of September 30,
2019 there are no convertible options or negotiable obligations in
circulation to acquire our shares.
Among the news of
the period ended on September 30, 2019, the following can be
highlighted:
●
Net result of the first
quarter of the FY 2020 recorded a gain of ARS 10,983 million
compared to a gain of ARS 9,059 million in the IQ19, mainly
explained by the result from the deconsolidation of Gav-Yam due to
the lost of control offset by lower results of Clal's market
valuation in the Israel business center and lower results from
changes in the fair value of investment properties in the Argentine
business Center.
●
Adjusted
EBITDA
for the first quarter of 2020 was ARS 5,268 million (ARS 1,434
million from the Argentine business center and ARS 3,834 million
from the Israel business center), increasing by 28.6% compared to
the same quarter of 2019.
●
Adjusted
EBITDA
of the rental segments in Argentina decreased 4.1% in the compared
quarter, mainly due to the decrease of 14.4% in shopping centers
and 33.8% in hotels partially offset by a growth of 62,5% in the
office segment.
●
On October 29, our
Shareholders' Meeting has approved a dividend in kind for the sum
of ARS 480 million payable in shares of IRSA Propiedades
Comerciales (0.00404623926578 IRCP shares / IRSA shares and
0.0404623926578 IRCP / ADR IRSA shares).
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.
|
IRSA
Inversiones y Representaciones Sociedad
Anónima
|
|
|
|
By:
|
/S/ Saúl
Zang
|
|
|
|
Name:
Saúl Zang
|
|
|
|
Title:
Responsible for the Relationship with the Markets
|
|
Dated: November 8,
2019
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