CRESY · Cresud S.A. Warrant 2021-08.03.26 on Cresud

Summary

Cresud S.A.C.I.F. and A. submitted a request to the CNV for authorization to issue an additional 43,735,429 ordinary shares to cover the exercise of all currently outstanding options, following adjustments to the conversion ratio under the option agreement dated March 11, 2021. This authorization, combined with the prior balance of 32,900,367 shares, would result in total authorized capital of ARS 725,378,233 if all 49,708,631 warrants are exercised.

Key takeaways

• Company requested CNV authorization for 43,735,429 additional ordinary shares (ARS 1 nominal value, 1 vote each)
• Responds to adjustments in conversion ratio per March 11, 2021 option agreement
• Adds to prior authorization of 32,900,367 shares from 2021 resolution
• 49,708,631 warrants outstanding with current ratio of 1.5417
• Current capital: 648,742,437 shares
• Potential final capital if all options exercised: 725,378,233 shares