Company: CRESW
Filing Date: 2025-03-17
Form Type: 6-K
Source: 0001654954-25-002875
Chunk: 45

Company: CRESUD INC
Filing Date: 2025-03-17
Form: 6-K
Chunk 45
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 into account the economic and market situation, as well as the discount that the current share price has in relation to the fair value of the assets, determined by independent appraisers, and has as its objective to contribute to the strengthening of the shares in the market and reduce the fluctuations in the listed value that does not reflect the value or the economic reality that the assets currently have, resulting in the detriment of the interests of the Company's shareholders.

On December 20, 2024, the Company completed the shares buyback program, having acquired in the local market 4,522,623 ordinary shares, which represent approximately 99.98% of the approved program and 0.75% of the outstanding shares.

November 2024: Warrants – Post dividends distribution

On November 8, 2024, the Company reported that due to the cash dividend and own shares distributed to the shareholders, the terms and conditions of the outstanding warrants for common shares of the Company have been modified as follows, while the other terms and conditions remain the same:

Number of shares to be issued per warrant:**

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Ratio before the adjustment: 1.3146

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Ratio after the adjustment (current): 1.4075

Warrant exercise price per new share to be issued:

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Price before the adjustment: USD 0.4303

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Price after adjustment (current): USD 0.4019

#### November 2024: Notes issuance
On November 15, 2024, Cresud issued Notes on the local market for a total amount of USD 64.4 million through the following instrument:

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Series XLVII: Denominated in dollars for USD 64.4 million, with 7.0% interest rate and semiannual interests’ payments. The Capital amortization will be 100% at maturity, on November 15, 2028. The issuance price was 100.0%.

The funds were mainly used to refinance short-term liabilities and working capital in Argentina.

#### November 2024: Warrants Exercise
Between November 17 and 25, 2024, certain warrants holders have exercised their right to acquire additional shares.

Therefore, a total of 4,501,293 ordinary shares of the Company were registered, with a face value of ARS 1. As a result of the exercise, USD 1,809,070 was collected by the Company.

After the exercise of these warrants, the number of shares and the capital stock