The Company's
market capitalization as of December 31, 2024, was approximately
USD 761.8 million (60,314,043 ADS with a price per ADS of USD
12.63).
As of December 31, 2024, 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) and Consultores Venture Capital Uruguay S.A.(CVCU),
owns 230,771,688 shares, accounting for 38.67% 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 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, 2024, after
deducting direct and indirect Eduardo Sergio Elsztain's interest
through IFISA and CVCU, and the treasury shares, the remaining
shareholders held 365,971,211 common, registered, non-endorsable
shares of ARS 1 par value each and entitled to one vote per share,
accounting for 61.33% of the issued and subscribed capital stock
(substracting treasury shares).
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. 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 81,063,170.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 717,236,847. 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 49,456,876 ordinary
shares, which would mean a 39.42% stake on the share capital, that
is, 280,228,564 shares.
Below are the highlights for the six-month period
ended December 31, 2024:
