BUENOS
AIRES, Argentina, Oct. 20,
2023 /PRNewswire/ -- CRESUD S.A.C.I.F. y A.
(NASDAQ:CRESY, ByMA:CRES), leading Latinamerican agricultural
company, informs that the dividend approved by the Shareholders'
Meeting held on October 5, 2023 has
been distributed in Argentina.
Regarding American Depositary Shares ("ADS") holders, the
Company informs that, as it is of public knowledge, the FX and
securities regulations in force in Argentina have increased their restrictions
during the past few weeks, being the reason why the Bank of New
York Mellon ("BONY"), depositary bank of the ADS, is unable at the
moment to distribute the dividend paid by the Company.
Given the aforementioned restrictions, the Company has
deposited the corresponding funds in a common investment fund
called "Super Ahorro $" (pure money market fund) managed by Banco
Santander, which is the BONY's representative bank in Argentina and is working together with BONY in
order to analyze possible alternatives for the distribution or
investment of said funds until BONY can transfer them in favor of
the ADS holders, making it available to any shareholder who decides
so to receive the dividend in Argentine pesos.
Our Investor Relations department will be available to
answer any related queries and collaborate with the implementation
or understanding of the available options at the following
address ir@cresud.com.ar.
Investor Relations Department
Cresud S.A.C.I.F. y A.
+5411
4323-7449
ir@cresud.com.ar
www.cresud.com.ar
Follow us on Twitter:
@cresudir
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SOURCE Cresud S.A.C.I.F. y A.