Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
November 13 2023 - 6:58AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of November, 2023
IRSA
Inversiones y Representaciones Sociedad Anonima
(Exact name of Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Carlos
Della Paolera 261 9th Floor
(C1001ADA)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ☐ No
x
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD ANONIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is an
English translation of the letter dated November 10, 2023, filed by
the Company with the Bolsa de Comercio de Buenos Aires and the
Comisión Nacional de Valores.
Buenos
Aires, Argentina - November 10, 2023 – IRSA Inversiones y
Representaciones Sociedad Anónima (NYSE:IRS; BYMA:IRSA),
Argentina's leading Real Estate company, informs that today,
in compliance with the provisions contained in articles 72 and 73
of Law 26,831 and in Section IV, Chapter III, Title II of the CNV
Rules, it has executed a Trust Administration Contract at cost for
a project development and construction of a residential building,
stores (gastronomic use), and complementary parking spaces, which
is subject to fulfillment of certain suspensive conditions detailed
below, and in which the Company will have the character of money
trustor. Likewise, and as beneficiary of the trust, IRSA will
receive approximately 5,128 salable square meters and 32 parking
spaces, also fulfilling functions as a developer based on its
expertise in residential real estate development. TMF Trust Company
(Argentina) S.A., a company with a fiduciary purpose that is not a
related party, will act as trustee.
The
aforementioned trust contract involves the contribution of a
building owned by Banco Hipotecario S.A. (“BHSA”), an
entity in which the Company holds a significant interest. The
building is located in the block embraced by the streets Carlos
Pellegrini, Presidente Perón, Sarmiento and Pasaje Carabelas,
in the City of Buenos Aires. As previously indicated, the
aforementioned contract is subject to certain suspensive
conditions, including: (i) formalization of the corresponding
approvals by BHSA; (ii) transfer of the property to the trust by
BHSA as land trustor; (iii) participation of money trustor’s
investors until reaching 100% of the funds required for the project
and (iv) obtaining the final approval of the project under the
provisions of Law 6508 of the Buenos Aires City Government. To
date, the foregoing suspensive conditions are pending and have not
been materialized.
Finally,
it is informed that the trust underlying project has pre-approval
for the Microcentro district reconversion regime issued by the
Government of the City of Buenos Aires (Law 6508).
The
execution of the aforementioned contract has been approved
yesterday by the Board of Directors of the Company, with the
corresponding consultation to the Audit Committee that had no
objections towards this transaction and the statement is available
to all the Shareholders at the Company´s
headquarters.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
|
IRSA Inversiones y Representaciones Sociedad
Anónima
|
|
|
|
|
|
November 10,
2023
|
By:
|
/s/ Saúl
Zang
|
|
|
|
Saúl
Zang
|
|
|
|
Responsible for the
Relationship with the Markets
|
|
|
|
|
|
IRSA Inversiones and Rep... (NYSE:IRS)
Historical Stock Chart
From Jun 2024 to Jul 2024
IRSA Inversiones and Rep... (NYSE:IRS)
Historical Stock Chart
From Jul 2023 to Jul 2024