BUENOS
AIRES, Argentina, Oct. 20,
2023 /PRNewswire/ -- IRSA Inversiones y
Representaciones Sociedad Anónima (NYSE:IRS; ByMA:IRSA),
Argentina's leading Real Estate
company, informs that the dividend approved by the Shareholders'
Meeting held on October 5, 2023 has
been distributed in Argentina.
Regarding Global Depositary Shares ("GDS") 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 GDS, 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 GDS 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@irsa.com.ar.
Investor Relations Department
IRSA Inversiones
y Representaciones S.A.
+ 5411 4323-7449
ir@irsa.com.ar
www.irsa.com.ar
Follow us on Twitter @irsair
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SOURCE IRSA Inversiones y Representaciones S.A.
