Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 384

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 8
Chunk 384
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 her possession, as well as the bondholders’ trustees' response. The Defendants are reviewing the revised affidavit of disclosure of documents and the additional documents attached thereto, and reserve their right to file an appropriate motion in this regard. Also, considering the bondholders’ trustees' position concerning the delivery of the records from the bondholders’ meetings, the Defendants reserve their right to renew their motion to summon the bondholders’ trustees to present documents.

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On August 4, 2025, the parties filed an update, informing the court that they had agreed to proceed with submitting affidavits, while simultaneously indicating their intention to set a negotiation meeting.

IDBD must file affidavits by November 6, 2025, and the Defendants will then have an extension to file their affidavits.

Dividend Policy

Pursuant to Argentine law, the distribution and payment of dividends to shareholders is valid only if they result from net and realized earnings of the company pursuant to annual audited financial statements approved by the shareholders. The approval, amount and payment of dividends are subject to the approval by our shareholders at our annual ordinary shareholder’s meeting. The approval of dividends requires the affirmative vote of a majority of the shares entitled to vote at the meeting.

In accordance with Argentine law and our by-laws, net and realized profits for each fiscal year are allocated as follows:

·                                5% of such net profits is allocated to our legal reserve, until such reserve amounts to 20% of our capital stock;                             
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·   a certain amount determined at a shareholders’ meeting is allocated to compensation of our directors and the members of our supervisory committee; and                     
·   additional amounts are allocated for the payment of dividends or to optional reserve funds, or to establish reserves for whatever other purpose our shareholders determine.

According to the CNV Rules, cash dividends must be paid to shareholders within 30 days of the resolution approving their distribution. In the case of stock dividends, the shares must be delivered to shareholders within three months of the annual ordinary shareholders’ meeting that approved them.

The following table sets forth the total and per share amounts paid as dividends on each fully paid‑in share for the fiscal years mentioned. The amounts stated in Pesos correspond to nominal Pesos on their respective dates of payment and refers to our unconsolidated dividends. See “Item 3. Key Information—A1. Local Exchange Market and Exchange Rates.”

Fiscal year     Dividend Paid stated in terms of the measuring unit current as of