In
compliance with the Article 63 Section l) 6) and 8) of the referred
Regulations, we report that as of the closing date of the financial
statements, the Company’s capital stock was ARS
591,642,804 (including treasury shares), divided into
591,642,804 common, registered, non-endorsable shares of ARS 1 par
value each and entitled to one vote per share.
As of March 31, 2021, 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), Agroinvestment S.A and Consultores Venture Capital
Uruguay S.A.(CVCU), owns 215,998,867 shares, accounting for 36.65%
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, Agroinvestment S.A is a company incorporated
and domiciled at Cambará 1620, 2nd floor, 202 office,
Carrasco, 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 March 31, 2021, after deducting
direct and indirect Eduardo Sergio Elsztain's interest through
IFISA, Agroinvestment and CVCU, and the treasury shares, the
remaining shareholders held 373,409,618 common, registered,
non-endorsable shares of ARS 1 par value each and entitled to one
vote per share, accounting for 63.35% of the issued and subscribed
capital stock.
Below are the highlights for the nine-month period
ended March 31, 2021:
●
The net result
for the nine-month period of fiscal year 2021 recorded a loss of
ARS 9,231 million compared to a gain of ARS 10,589 million in the
same period of 2020. The result from continuing operations recorded
a loss of ARS 1,129 million mainly due to negative results from
changes in the fair value of the investment properties from our
subsidiary IRSA.
●
Adjusted EBITDA
reached ARS 20,705 million, 40.5% higher than in the same period of
fiscal year 2020. Agribusiness adjusted EBITDA was ARS 9,215
million, 15.4% higher than in the same period of fiscal year 2020,
and urban properties and investments business (IRSA) adjusted
EBITDA was ARS 11,482 million, 70,1% higher than the compared
period.
●
During 2021
Campaign, that is developing with high international commodity
prices and under “Niña” weather conditions from
moderate, we planted 259,000 hectares in the region and we expect
to produce the historical record of 850,000 tons of
grains.
●
During the quarter,
we have sold our lands in Bolivia to our subsidiary Brasilagro for
an amount of USD 31 million and we subscribed 6.9 million shares
within the framework of its capital increase for BRL 440 million,
increasing our participation in Brasilagro, net of treasury shares,
from 33.8% to 34.1%.
●
In February 2021,
we sold 100% of Sociedad Anónima Carnes Pampeanas S.A., owner
of a meatpacking facilities plant in La Pampa, Argentina, for the
sum of USD 10 million.
●
In financial
matters, during the quarter we issued 90 million shares for the sum
of USD 42.5 million and after the end of the period, our subsidiary
IRSA issued 80 million shares for the sum of USD 28.8
million.