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Cresud Inc. (NASDAQ:CRESY, BYMA:CRES) announced Thursday that it will hold its General Ordinary and Extraordinary Shareholders’ Meeting virtually on October 30 at 2:30 p.m. Buenos Aires time, with a second call set for 3:30 p.m. if needed. The meeting will take place from the company’s headquarters in Buenos Aires, with shareholders able to attend remotely or in person by prior notification.
According to a statement based on a press release filed with the U.S. Securities and Exchange Commission, the agenda includes the review and approval of financial documents for the fiscal year ended June 30, 2025, and the allocation of net income of ARS 75,608,298,323.55. Shareholders will also consider unallocated results from previous years totaling ARS 19,480,344,053.25 and the proposed distribution of dividends of up to ARS 88,500,000,000, payable in cash and/or in kind.
Other agenda items include the evaluation of the board of directors’ and supervisory committee’s performance for the last fiscal year, and the determination and approval of compensation for both groups. The proposed compensation is ARS 686,090,660.27 for the board and ARS 31,559,086 for the supervisory committee.
The meeting will also address the appointment of directors and members of the supervisory committee for upcoming terms, the selection and compensation of the certifying accountant for the next fiscal year, and the handling of amounts paid as personal assets tax by the company on behalf of shareholders.
Shareholders will consider an addendum to a warrant agreement originally dated February 2021, which would allow options to subscribe for shares without cash payment by delivering shares equivalent to the difference between the exercise price and market value. The distribution of up to 5,300,000 treasury shares to shareholders and the approval of the annual audit committee budget are also on the agenda.
Participation details require shareholders to register by October 24, 2025, at 3:00 p.m. local time. The meeting will be conducted via Zoom, with procedures in place for verification and voting.
This information is based on a press release statement filed with the SEC.
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