Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13 D/A
(Rule
13d-101)
INFORMATION TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment
No.24)*
CRESUD SOCIEDAD ANÓNIMA COMERCIAL INMOBILIARIA FINANCIERA y
AGROPECUARIA
(Name of Issuer)
Common Stock, Par Value 1.00 Peso per Share
(Title of Class of Securities)
226406106
(CUSIP Number)
Saúl Zang
Juan Manuel Quintana
Carolina Zang
Estudio Zang, Bergel y Viñes
Florida
537, 18th
Floor
Buenos
Aires, Argentina
+54(11)
4322-0033
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 15, 2020
(Date of Event which Requires Filing of this
Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(e), Rule
13d-1(f) or Rule 13d-1(g), check the following box. G
Note: Schedules filed in
paper format shall include a signed original and five copies of the
schedule, including all exhibits. See Rule 13d-7 for other parties to
whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section
18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,
see the Notes).
1
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
1.
|
NAME OF
REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Eduardo
S. Elsztain
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
☒ (b)
☐
|
||
3.
|
SEC USE
ONLY
|
||
4.
|
SOURCE
OF FUNDS
WC
– OO
|
||
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ☐
|
||
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Argentina
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7.
|
SOLE
VOTING POWER
15,283,662
|
|
8.
|
SHARED
VOTING POWER
188,518,463
|
||
9.
|
SOLE
DISPOSITIVE POWER
15,283,662
|
||
10.
|
SHARED
DISPOSITIVE POWER
188,518,463
|
||
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,518,463
|
||
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
||
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.58%
|
||
14.
|
TYPE OF
REPORTING PERSON
IN
|
2
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
1.
|
NAME OF
REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Agroinvestment
S.A.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
☒ (b)
☐
|
||
3.
|
SEC USE
ONLY
|
||
4.
|
SOURCE
OF FUNDS
OO
|
||
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ☐
|
||
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Uruguay
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7.
|
SOLE
VOTING POWER
0
|
|
8.
|
SHARED
VOTING POWER
188,518,463
|
||
9.
|
SOLE
DISPOSITIVE POWER
0
|
||
10.
|
SHARED
DISPOSITIVE POWER
188,518,463
|
||
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,518,463
|
||
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
||
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.58%
|
||
14.
|
TYPE OF
REPORTING PERSON
CO
|
3
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
1.
|
NAME OF
REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
IFIS
Limited
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
☒ (b)
☐
|
||
3.
|
SEC USE
ONLY
|
||
4.
|
SOURCE
OF FUNDS
WC
– OO
|
||
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ☐
|
||
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Bermuda
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7.
|
SOLE
VOTING POWER
0
|
|
8.
|
SHARED
VOTING POWER
188,518,463
|
||
9.
|
SOLE
DISPOSITIVE POWER
0
|
||
10.
|
SHARED
DISPOSITIVE POWER
188,518,463
|
||
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,518,463
|
||
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
||
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.58%
|
||
14.
|
TYPE OF
REPORTING PERSON
CO
|
||
1.
|
NAME OF
REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Inversiones
Financieras del Sur S.A.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
☒ (b)
☐
|
||
3.
|
SEC USE
ONLY
|
||
4.
|
SOURCE
OF FUNDS
WC
- OO
|
||
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ☐
|
||
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Uruguay
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7.
|
SOLE
VOTING POWER
0
td>
| |
8.
|
SHARED
VOTING POWER
188,518,463
|
||
9.
|
SOLE
DISPOSITIVE POWER
0
|
||
10.
|
SHARED
DISPOSITIVE POWER
188,518,463
|
||
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,518,463
|
||
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
||
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.58%
|
||
14.
|
TYPE OF
REPORTING PERSON
CO
|
1.
|
NAME OF
REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Consultores
Assets Management S.A.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
☒ (b)
☐
|
||
3.
|
SEC USE
ONLY
|
||
4.
|
SOURCE
OF FUNDS
WC
– OO
|
||
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ☐
|
||
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Argentina
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7.
|
SOLE
VOTING POWER
0
|
|
8.
|
SHARED
VOTING POWER
188,518,463
|
||
9.
|
SOLE
DISPOSITIVE POWER
0
|
||
10.
|
SHARED
DISPOSITIVE POWER
188,518,463
|
||
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,518,463
|
||
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
||
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.58%
|
||
14.
|
TYPE OF
REPORTING PERSON
CO
|
1.
|
NAME OF
REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Consultores
Venture Capital Uruguay S.A.
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
☒ (b)
☐
|
||
3.
|
SEC USE
ONLY
|
||
4.
|
SOURCE
OF FUNDS
WC
– OO
|
||
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ☐
|
||
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Republic
of Uruguay
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7.
|
SOLE
VOTING POWER
0
|
|
8.
|
SHARED
VOTING POWER
188,518,463
|
||
9.
|
SOLE
DISPOSITIVE POWER
0
|
||
10.
|
SHARED
DISPOSITIVE POWER
188,518,463
|
||
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,518,463
|
||
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
||
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.58%
|
||
14.
|
TYPE OF
REPORTING PERSON
CO
|
1.
|
NAME OF
REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Consultores
Venture Capital Limited
|
||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
☒ (b)
☐
|
||
3.
|
SEC USE
ONLY
|
||
4.
|
SOURCE
OF FUNDS
WC
– OO
|
||
5.
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) ☐
|
||
6.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Cayman
Islands
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7.
|
SOLE
VOTING POWER
0
|
|
8.
|
SHARED
VOTING POWER
188,518,463
|
||
9.
|
SOLE
DISPOSITIVE POWER
0
|
||
10.
|
SHARED
DISPOSITIVE POWER
188,518,463
|
||
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,518,463
|
||
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
||
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.58%
|
||
14.
|
TYPE OF
REPORTING PERSON
CO
|
STATEMENT PURSUANT TO RULE 13d-1 OF THE
GENERAL RULES AND REGULATIONS UNDER THE
SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED
AMENDMENT No.24 TO SCHEDULE 13D
This
Amendment No.24 Schedule 13D (“Amendment No.24”) amends and
restates Items 2, 4, 5, and 6 of the Schedule 13D filed by the
Reporting Persons with the SEC (the “Schedule 13D”). Capitalized terms
used in this Amendment No.24 but not defined herein have the
meaning given to such terms in Schedule 13D, as amended and
restated from time to time.
(a)-(c),
(f) This statement is being filed by Eduardo S. Elsztain
(“Elsztain”) a
citizen of the Republic of Argentina who serves as Chairman of the
board of directors or Director of each of the following
companies:
(i)
IFIS Limited, a
limited liability company organized under the laws of Bermuda
(“IFIS”);
(ii)
Inversiones
Financieras del Sur S.A., a stock corporation organized under the
laws of the Republic of Uruguay (“IFISA”);
(iii)
Consultores Assets
Management S.A., a stock corporation organized under the laws of
Republic of Argentina (“CAM”);
(iv)
Consultores Venture
Capital Limited, a limited liability company organized under the
laws of Cayman Island (“CVC
Cayman”);
(v)
Consultores Venture
Capital Uruguay S.A., a stock corporation organized under the laws
of the Republic of Uruguay (“CVC Uruguay”);
(vi)
Agroinvestment
S.A., a stock corporation organized under the laws of the Republic
of Uruguay (“Agroinvestment” and together with
Elsztain, IFIS, IFISA, CAM, CVC Cayman and CVC Uruguay, being
collectively referred to as the “Reporting Persons”).
Elsztain’ s
principal offices are located at Bolívar 108, 1st floor,
(C1066AAD), Ciudad Autónoma de Buenos Aires, Argentina;
IFIS’ principal offices are located at Clarendon House, 2
Church Street, Hamilton HM 08, Bermuda; IFISA’s principal
offices are located at Ruta 8 KM
17.500 Edificio@1 Local 106, 91600 Montevideo, Republic of
Uruguay; CAM’s principal offices are located at
Bolívar 108, 1st floor, (C1066AAD) Ciudad Autónoma de
Buenos Aires, Argentina; CVC Cayman’s principal offices are
located at4th floor, Harbour
Place, South Church Street, P.O. Box 10240, Grand Cayman KY1-1002,
Cayman Islands; CVC Uruguay’s principal offices are located
at Ruta 8 KM 17.500 Edificio@1 Local
106, 91600 Montevideo, Republic of Uruguay; and
Agroinvestment’s principal offices are located at Zabala
1422, Floor 2, 11000 Montevideo, Republic of Uruguay.
Because
Mr. Elsztain controls each of the other Reporting Persons, the
Reporting Persons report their direct and indirect ownership of
common shares as “shared” voting and dispositive power
other than common shares held directly by Mr. Elsztain (and not
through any other Reporting Person).
4
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
(d)
None of the Reporting Persons nor, to their knowledge, any person
named in Schedule A hereto, has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors)
within the last five years.
(e)
During the last five years, none of the Reporting Persons nor, to
their knowledge, any person named in Schedule A hereto, has been a
party to any civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which any such person was
or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation of such
laws.
Item 4. Purpose of Transaction
Since
November 12, 2018, the Reporting Persons have increased their
beneficial ownership of Cresud’s common shares by acquiring
shares representing an additional 1.27% of Cresud’s
outstanding share capital. Such increase was the result
of:
●
The purchase in the
open market of 662,926 ADRs (equivalent to 6,629,260 common
shares).
●
The receipt of
4,863,069 common shares (consisting of 786,139 common shares and
407,693 ADRs) as a result of the distribution of treasury shares
made by Cresud.
●
The repurchase
of IFIS shares which was partially cancelled in kind with Cresud
ADRs, amounting to 866,989 (equivalent to 8,669,890 common shares)
of which the IFISA holds voting power over 745,460 ADRs (equivalent
to 7,454,600 shares) until they are sold by the third party or
02/18/21, whichever happens earlier.
●
The payment in kind
with 390,955 ADRs (equivalent to 3,909,550 common shares) of Cash
Loan Agreements.
Except
as described above, neither the Reporting Persons nor, to their
knowledge, any person named in Schedule A attached hereto, has any
present plans or proposals that relate to or would result in any of
the actions described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
The
variations reported in this Amendment No. 24 were effected in the
period from November 12, 2018 until December 15, 2020 (the
“Transaction
Period”).
Item 5. Interests in Securities of the Issuer
(a)
As of December 15,
the Reporting Persons beneficially owned the equivalent of
188,518,463common shares of Cresud, representing 37.58% of
Cresud’s outstanding equity as of that date.
The
following is a description of the Reporting Persons’
beneficial ownership of Cresud common shares as of December 15,
2020:
5
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
Shareholder
|
Number of Shares Currently Owned
|
% of Outstanding Shares
|
Reporting
Persons (as a group)
|
188,518,463
|
37.58%
|
Total
|
501,642,804
|
100%
|
(i)
Elsztain is the
Chairman of the Board of Directors of IFIS, IFISA, Cresud, CAM, CVC
Uruguay and Agroinvestment, and Director of CVC Cayman. As of
December 15, 2020, Elsztain holds (through companies controlled by
him and proxies) a majority of the voting power in IFIS Ltd. As of
December 15, 2020, Elsztain holds 100% of the outstanding equity
capital of Agroinvestment. As of December 15, 2020, Elsztain owns
85% of the outstanding equity capital of CAM which owns 100% of CVC
Uruguay which in turn owns 100% of CVC Cayman. As of that
same date, Elsztain directly owns the equivalent of 15,283,662
common shares of the outstanding equity capital of Cresud,
representing approximately 3.05% of Cresud’s issued and
outstanding common shares;
(ii)
IFIS is the direct
owner of 100% of the common shares of IFISA;
(iii)
IFISA directly owns
the equivalent of 62,692,051 common shares of Cresud representing
approximately 12.50% of Cresud’s issued and outstanding
common shares Furthermore, IFISA retains voting power over an
equivalent to 7,454,600 common shares (1.49% of the outstanding)
until they are sold by the third party or 02/18/21, whatever
happens first.
(iv)
CVC Cayman serves
as the Investment Manager of IFIS and does not own Cresud’s
common shares;
(v)
CAM is the direct
owner of 100% of the common shares of CVC Uruguay, but does not
directly own Cresud’s common shares;
(vi)
Agroinvestment
directly owns the equivalent of 103,087,210 common shares of Cresud
representing approximately 20.55%of Cresud’s issued and
outstanding common shares; and
(vii)
CVC Uruguay
directly owns 940 common shares of Cresud representing
approximately 0.0002% of Cresud’s issued and outstanding
common shares.
Set
forth below is a diagram of the Reporting Persons’ beneficial
ownership of Cresud as of December 15, 2020:
6
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
Given
the foregoing, the Reporting Persons may be deemed to be the
beneficial owners of 188,518,463common shares, representing 37.58%
of the issued and outstanding common shares of Cresud, as of
December 15, 2020.
(b)
Item 5(a) is
incorporated herein by reference.
(c)
Transactions by the
Reporting Persons or other persons named in Schedule A, attached
hereto, in Cresud common shares that were effected during the last
sixty days of the Transaction Period are listed on Annex
I.
7
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
(d)-(e)
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
-
On June 07, 2017
and on November 1, 2017, as amended from time to time, IFISA
executed two Loan Agreements, for which the lender holds as
collateral 2,629,844 ADRs of Cresud, each ADR representing 10
common shares. Concurrently, Loan Agreements were executed between
IFIS as lender and IFISA as borrower, pursuant to which IFISA
delivered 2,629,844 ADRs of Cresud to IFIS. IFISA maintains the
voting and economic rights related to the ADRs.
-
IFISA has executed
Loan Agreements for which the lender holds as collateral 787,640
ADRs of Cresud, each ADR representing 10 common shares.
Notwithstanding the aforementioned, IFISA maintains the voting and
economic rights related to the ADRs.
-
Between October 23,
2017 and December 14, 2020, several Loan Agreements were executed
between IFISA as lender and IFIS as borrower, pursuant to which
IFISA loaned 5,498,324 ADRs of Cresud to
Agroinvestment.
-
On October 30, 2017
and amended from time to time, Agroinvestment executed a Credit
Agreement for which the lender holds as collateral 11,015,271 ADRs
of Cresud, each representing 10 common shares. Notwithstanding the
aforementioned, the Reporting persons maintain the voting and
economic rights related to the ADRs.
-
On May 9, 2019, a
Loan Agreement was executed where Agroinvestment as borrower, has
received 706,550 ADRs of Cresud.
-
Loan Agreements
were executed between Eduardo S. Elsztain as lender and
Agroinvestment as borrower, pursuant to which Eduardo S. Elsztain
loaned 899,204 ADRs of Cresud.
-
On June 8, 2020, as
amended from time to time, IFISA executed Loan Agreements for which
the lender holds as collateral 1,500,912 ADRs of Cresud, each ADR
representing 10 common shares. IFISA maintains the voting and
economic rights related to the ADRs.
-
On November 8,
2019, a Loan Agreement was executed between IFISA as lender and
Consultores Venture Capital Uruguay as borrower, pursuant to which
IFISA loaned 256,652 of Cresud’s common shares. IFISA
maintains the voting and economic rights related to the common
shares.
Other
than as set forth above or otherwise described in this Schedule
13D, there are no contracts, arrangements, understandings or
relationships with respect to any securities of Cresud to which the
Reporting Persons are a party.
8
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
Schedule A
Eduardo
S. Elsztain
Bolívar 108,
1st Floor
(C1066AAD), Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen
of Argentina
Directors
of IFIS Limited
1.
|
Eduardo
S. ElsztainChairmanClarendon House,
2
Church Street,
Hamilton
HM 08, Bermuda,
Bermuda.
Citizen
of Argentina
|
3.
|
Mariana
Renata Carmona de ElsztainDirectorClarendon House,
2
Church Street,
Hamilton
HM 08, Bermuda,
Bermuda.
Citizen
of Argentina
|
2.
|
Saúl
ZangVice ChairmanClarendon House,
2
Church Street,
Hamilton
HM 08, Bermuda,
Bermuda.
Citizen
of Argentina
|
4.
|
Alejandro
Gustavo ElsztainDirectorClarendon House,
2
Church Street,
Hamilton
HM 08, Bermuda,
Bermuda.
Citizen
of Argentina
|
Directors of Consultores Venture Capital Uruguay
1.
|
Eduardo
S. Elsztain
Chairman
Ruta 8 KM 17.500 Edificio@1 Local 160,
91600, Montevideo
Republic
of Uruguay
Citizen
of Argentina
|
3.
|
Olga
Stirling
Director
Ruta 8 KM 17.500 Edificio@1 Local 160,
91600, Montevideo
Republic of Uruguay
Citizen
of Uruguay
|
2.
|
Martín
Polak
Director
Ruta 8 KM 17.500 Edificio@1 Local 160,
91600, Montevideo
Republic of Uruguay
Citizen
of Uruguay
|
4.
|
Saul
Zang
Vice
Chairman
Ruta 8 KM 17.500 Edificio@1 Local 160,
91600, Montevideo
Republic of Uruguay
Citizen
of Argentina
|
9
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
Directors of Consultores Assets Management S.A.
1.
|
Eduardo
S. Elsztain
Chairman
Bolívar
108, 1st Floor
(C1066AAD)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
3.
|
Mariana
Renata Carmona de Elsztain
First
Vice Chairman
Bolívar
108, 1st Floor
(C1066AAD)
Ciudad Autónoma de Buenos
Republic
of Argentina
Citizen
of Argentina
|
2.
|
Saúl
Zang Second Vice Chairman
Bolívar
108, 1st Floor
(C1066AAD)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
|
4.Ilan Ariel Elsztain
Alternate Director
Bolívar 108, 1st Floor
(C1066AAD) Ciudad Autónoma de Buenos Aires
Republic of Argentina
Citizen of Argentina
|
Directors of Consultores Venture Capital Limited
1.
|
Eduardo
S. Elsztain Chairman4th floor Harbour
Place,
South
Chucrch Street P.O. Box 10240,,
Grand
Cayman,
KY1-1002,
Cayman Islands
Citizen
of Argentina
|
2.
|
Saúl
Zang
Director
4th
floor Harbour Place,
South
Chucrch Street P.O. Box 10240,,
Grand
Cayman,
KY1-1002,
Cayman Islands
Citizen
of Argentina
|
Directors of Inversiones Financieras del Sur S.A.
1.
|
Eduardo
S. Elsztain
Chairman
of the Board
Ruta 8 KM 17.500 Edificio@1 Local 003,
91600, Montevideo
Republic
of Uruguay
Citizen
of Argentina
|
3.
|
Martín
Polak
Director
Ruta 8
KM 17.500 Edificio@1 Local 003,
91600,
Montevideo
Republic
of Uruguay
Citizen
of Uruguay
|
2.
|
Saúl
Zang
Vice
Chairman
Ruta 8 KM 17.500 Edificio@1 Local 003,
91600, Montevideo
Republic
of Uruguay
Citizen
of Argentina
|
4.
|
Olga
Stirling
Director
Ruta 8 KM 17.500 Edificio@1 Local 003,
91600, Montevideo
Republic
of Uruguay
Citizen
of Uruguay
|
Directors of Agroinvestment S.A.
1.
|
Eduardo
S. Elsztain
Chairman
Zabala
1422, 2 nd Floor11500, Montevideo
Republic
of Uruguay
Citizen
of Argentina
|
3.
|
Olga
Stirling
Director
Zabala
1422, 2 nd Floor11500, Montevideo
Republic
of Uruguay
Citizen
of Argentina
|
2.
|
Mariana
Renata Carmona de Elsztain
Director
Zabala
1422, 2nd Floor11500, Montevideo
Republic
of Uruguay
Citizen
of Arge
ntina
|
|
|
10
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
Directors and Executive Officers of Cresud Sociedad Anónima
Comercial, Inmobiliaria, Financiera y Agropecuaria
Directors
1.
|
Eduardo
Sergio Elsztain
Chairman
Moreno
877, 23rd floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
10.
|
Ilan
Elsztain
Alternate
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
2.
|
Saúl
Zang
Vice
Chairman
Moreno
877, 23rd floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
11.
|
Eduardo
Kalpakian
Alternate
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
3.
|
Alejandro
Gustavo Elsztain
Second
Vice Chairman
Moreno
877, 23rd Floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
12.
|
Mariana
Renata Carmona
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
4.
|
Gabriel
Adolfo Gregorio Reznik
Director
Moreno
877, 23rd
Floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
13.
|
Enrique
Antonini
Alternate
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
5.
|
Jorge
Oscar Fernández
Director
Moreno
877, 23rd Floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
14.
|
Liliana
Glikin
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
11
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
6.
|
Fernando
Adrián Elsztain
Director
Moreno
877, 23rd Floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
15.
|
Iair
Elsztain
Alternate
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
7.
|
Pedro
Damaso Labaqui Palácio
Director
Moreno
877, 23rd Floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
16.
|
Alejandro
Mario Bartolome
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
8.
|
Alejandro
Gustavo Casaretto
DirectorMoreno
877, 23rd Floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
17.
|
María
Gabriela Macagni
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
9.
|
Gastón
Armando Lernoud
Alternate
Director
Moreno
877, 23rd Floor(C1091AAQ) Ciudad Autónoma de Buenos
Aires
Republic
of Argentina
Citizen
of Argentina
|
|
|
|
|
|
|
Executive Officers
1.
|
Alejandro
Gustavo Elsztain
Chief
Executive Officer
Moreno
877, 23rd floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
3.
|
Alejandro
Gustavo Casaretto
Regional
Manager of Agricultural
Moreno
877, 23rd floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
|
2.
|
Matías
Iván Gaivironsky
Chief
Financial Officer and Chief Administrative Officer
Moreno
877, 23rd floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
4.
|
Carlos
Blousson
Chief
Executive Officer of the Bolivian and Argentinean
Operations
Moreno
877, 23rd
floor
(C1091AAQ)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
|
|
|
|
|
12
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
Annex 1
Transactions by the Reporting Persons or persons named in Schedule
A that were effected during the last 60 days of the Transaction
Period.
13
SCHEDULE 13D
CUSIP
No. 226406106
|
|
|
SIGNATURES
After
reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this
Statement on Schedule 13D is true, complete and
correct.
DATED:
December 15,2020
A0;
Eduardo S. Elsztain
|
Consultores Venture Capital Uruguay
|
By: /S/
Eduardo S. Elsztain
Name:
Eduardo S. Elsztain
|
By: /S/
Eduardo S. Elsztain
Name:
Eduardo S. Elsztain
Title:
Chairman of the Board
|
IFIS Limited
|
Consultores Assets Management S.A.
|
By: /S/
Eduardo S. Elsztain
Name:
Eduardo S. Elsztain
Title:
Chairman of the Board
|
By: /S/
Eduardo S. Elsztain
Name:
Eduardo S. Elsztain
Title:
Chairman of the Board
|
Inversiones Financieras del Sur S.A.
|
Consultores Venture Capital Limited
|
By: /S/
Eduardo S. Elsztain
Name:
Eduardo S. Elsztain
Title:
Chairman of the Board
|
By: /S/
Eduardo S. Elsztain
Name:
Eduardo S. Elsztain
Title:
Chairman of the Board
|
Agroinvestment S.A.
|
|
By: /S/
Eduardo S. Elsztain
Name:
Eduardo S. Elsztain
Title:
Chairman of the Board
|
|
14