The Company's
market capitalization as of December 31, 2022, was approximately
USD 396 million. (59,217,257 ADS with a price per ADS of USD
6.69)
As of December 31, 2022, 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 223,591,918 shares, accounting for 38.48%
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 December 31, 2022, after
deducting direct and indirect Eduardo Sergio Elsztain's interest
through IFISA, Agroinvestment and CVCU, and the treasury shares,
the remaining shareholders held 357,526,011 common, registered,
non-endorsable shares of ARS 1 par value each and entitled to one
vote per share, accounting for 61.52% 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, which empower the shareholders to buy
up to 90 million new shares at a price of USD 0.566 for each share.
Likewise, as a consequence of the payment of cash dividends made on
November 10, 2022, certain terms and conditions of the outstanding
warrants to subscribe common shares were modified, being the
current conversion ratio of 1.0322 common shares per warrant
exercised and the current exercise price of USD 0.548 for each
share.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
89,470,448.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 684,523,972. 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 36,269,546 ordinary
shares, which would mean a 38.59% stake on the share capital, that
is, 259,861,464 shares.
Below are the highlights for the six-month period
ended December 31, 2022: