The Company's
market capitalization as of September 30, 2024, was approximately
USD 512.7 million (59,863,914 ADS with a price per ADS of USD
8.64).
As of September 30, 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 September 30, 2024, after
deducting direct and indirect Eduardo Sergio Elsztain's interest
through IFISA and CVCU, and the treasury shares, the remaining
shareholders held 365,992,541 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.
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 84,261,280.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 704,409,020. 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 46,192,546 ordinary
shares, which would mean a 39.15% stake on the share capital, that
is, 276,964,234 shares.
Below are the highlights for the nine-month period
ended September 30, 2024: