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.22)*
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)
May
30, 2018
(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).
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
2 of 19 Pages
|
|
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
93,726
|
|
|
8.
|
SHARED VOTING
POWER
174,267,696
|
||
|
9.
|
SOLE DISPOSITIVE
POWER
93,726
|
||
|
10.
|
SHARED DISPOSITIVE
POWER
174,267,696
|
||
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,267,696
|
||
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
||
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
34.74%
|
||
|
14.
|
TYPE OF REPORTING
PERSON
IN
|
||
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
3 of 19 Pages
|
|
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
174,267,696
|
||
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
||
|
10.
|
SHARED DISPOSITIVE
POWER
174,267,696
|
||
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,267,696
|
||
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
||
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
34.74%
|
||
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
||
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
4 of 19 Pages
|
|
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
174,267,696
|
||
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
||
|
10.
|
SHARED DISPOSITIVE
POWER
174,267,696
|
||
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,267,696
|
||
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
||
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
34.74%
|
||
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
||
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
5 of 19 Pages
|
|
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
|
|
|
8.
|
SHARED VOTING
POWER
174,267,696
|
||
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
||
|
10.
|
SHARED DISPOSITIVE
POWER
174,267,696
|
||
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,267,696
|
||
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
||
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
34.74%
|
||
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
||
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
6 of 19 Pages
|
|
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
174,267,696
|
||
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
||
|
10.
|
SHARED DISPOSITIVE
POWER
174,267,696
|
||
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,267,696
|
||
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
||
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
34.74%
|
||
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
||
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
7 of 19 Pages
|
|
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
174,267,696
|
||
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
||
|
10.
|
SHARED DISPOSITIVE
POWER
174,267,696
|
||
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,267,696
|
||
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
||
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
34.74%
|
||
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
||
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
8 of 19 Pages
|
|
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
174,267,696
|
||
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
||
|
10.
|
SHARED DISPOSITIVE
POWER
174,267,696
|
||
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,267,696
|
||
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
||
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
34.74%
|
||
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
||
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
9 of 19 Pages
|
STATEMENT
PURSUANT TO RULE 13d-1 OF THE
GENERAL
RULES AND REGULATIONS UNDER THE
SECURITIES
AND EXCHANGE ACT OF 1934, AS AMENDED
AMENDMENT
No.22 TO SCHEDULE 13D
This Amendment
No.22 Schedule 13D (“Amendment No.22”) 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.22 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 Bol’var 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
Bol’var 108, 1st floor, (C1066AAD) Ciudad Autónoma de
Buenos Aires, Argentina; CVC Cayman’s principal offices are
located at 89 Nexus Way, Camana Bay, P.O. Box 31106, Grand Cayman,
KY1-1205, 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
Cambará 1620, Floor 2, office 202, Carrasco, 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).
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
10 of 19 Pages
|
(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
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. 22 were effected in the period from
October 30, 2017 through May 30, 2018 (the “Transaction
Period”).
Item
5. Interests in Securities of the Issuer
(a)
(a)
As of
May 30, 2018, the Reporting Persons beneficially owned the
equivalent of 174,267,696 common shares of Cresud, representing
34.74% 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 May 30, 2018:
|
Shareholder
|
Number
of Shares Currently Owned
|
%
of Outstanding Shares
|
|
Reporting Persons
(as a group)
|
174,267,696
|
34.74%
|
|
Total
|
501,642,804
|
100%
|
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
11 of 19 Pages
|
(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 May
30, 2018, Elsztain holds (through companies controlled by him and
proxies) a majority of the voting power in IFIS Ltd. As of May 30,
2018, Elsztain owns 85.0% 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 93,726
common shares of the outstanding equity capital of Cresud,
representing approximately 0.02% 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 121,173,090 common shares of Cresud representing
approximately 24.16% of Cresud’s issued and outstanding
common shares;
(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 53,000,000 common shares of Cresud
representing approximately 10.57% of Cresud’s issued and
outstanding common shares; and
(vii)
CVC Uruguay
directly owns 880 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 May 30, 2018:
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
12 of 19 Pages
|
Given the
foregoing, the Reporting Persons may be deemed to be the beneficial
owners of 174,267,696
common shares, representing 34.74% of the issued and outstanding
common shares of Cresud, as of May 30, 2018.
(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.
(d)-(e) Not
applicable.
Item
6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
13 of 19 Pages
|
Loan Agreements. On November
26, 2015, as amended from
time to time, IFISA executed a Loan Agreement, for which the
lender holds as collateral 735,633 ADRs of Cresud, each ADR
representing 10 common shares. Notwithstanding the aforementioned,
IFISA maintains the voting and economic rights related to the
ADRs.
On June
07, 2017, IFISA executed another Loan Agreement, for which the
lender holds as collateral 1,055,000 ADRs of Cresud, each ADR
representing 10 common shares. Furthermore, IFISA maintains the
voting and economic rights related to the ADRs.
On November 1,
2017, IFISA executed another Loan Agreement, for which the company
agreed to deliver 726,476 ADRs of Cresud as collateral and
analogously maintains the voting and economic rights related to the
ADRs.
On October 23,
2017, as amended from time to time, on May 14, 2018, and on May 30,
2018, three Loan Agreements were executed between IFISA as lender
and IFIS as borrower, pursuant to which IFISA loaned 3,667,127 ADRs
of Cresud to IFIS until November 23, 2019. Concurrently, another
Loan Agreements were executed between IFIS as lender and
Agroinvestment as borrower, pursuant to which IFIS loaned 3,667,127
ADRs of Cresud to Agroinvestment until November 23,
2019.
On October 30,
2017, Agroinvestment executed a Credit Agreement for which the
lender holds as collateral 5,300,000 ADRs of Cresud, each ADR
representing 10 common shares. Notwithstanding the aforementioned
the Reporting Persons maintain the voting and economic rights
related to the ADRs.
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.
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
14 of 19 Pages
|
Schedule
A
Eduardo S.
Elsztain
Bol’var 108,
1st Floor
(C1066AAD), Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
Directors
of IFIS Limited
|
1.
|
Eduardo S.
Elsztain
Chairman
Clarendon
House,
2 Church
Street,
Hamilton HM 08,
Bermuda,
Bermuda.
Citizen of
Argentina
|
3.
|
Mariana Renata
Carmona de Elsztain
Director
Clarendon
House,
2 Church
Street,
Hamilton HM 08,
Bermuda,
Bermuda.
Citizen of
Argentina
|
|
2.
|
Saúl
Zang
Director
Clarendon
House,
2 Church
Street,
Hamilton HM 08,
Bermuda,
Bermuda.
Citizen of
Argentina
|
4.
|
Alejandro Gustavo
Elsztain
Director
Clarendon
House,
2 Church
Street,
Hamilton HM 08,
Bermuda,
Bermuda.
Citizen of
Argentina
|
Directors
of Consultores Venture Capital Uruguay
|
1.
|
Eduardo S. Elsztain
(Chairman)
Director
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.
|
Eduardo Simon
Bartfeld
Director
Ruta 8 KM 17.500 Edificio@1 Local
160,
91600,
Montevideo
Republic of Uruguay
Citizen of
Uruguay
|
4.
|
Saul Zang (Vice
First Chairman)
Director
Ruta 8 KM 17.500 Edificio@1 Local
160,
91600, Montevideo
Republic of Uruguay
Citizen of
Argentina
|
Directors
of Consultores Assets Management S.A.
|
1.
|
Eduardo S. Elsztain
(Chairman)
Director
Bol’var 108,
1st Floor
(C1066AAD) Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
3.
|
Mariana Renata
Carmona de Elsztain
Director
Bol’var 108,
1st Floor
(C1066AAD) Ciudad
Autónoma de Buenos
Republic of
Argentina
Citizen of
Argentina
|
|
2.
|
Saúl Zang
(Second Vice Chairman)
Director
Bol’var 108,
1st Floor
(C1066AAD) Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Ilan
Ariel Elsztain
Alternate
Director
Bol’var
108, 1st Floor
(C1066AAD)
Ciudad Autónoma de Buenos Aires
Republic
of Argentina
Citizen
of Argentina
|
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
15 of 19 Pages
|
Directors
of Consultores Venture Capital Limited
|
1.
|
Eduardo S. Elsztain
(Chairman)
Director
89 Nexus
Way,
Camana
Bay,
Grand
Cayman,
KY1-1205, Cayman
Islands
Citizen of
Argentina
|
2.
|
Saúl
Zang
Director
89 Nexus
Way,
Camana
Bay,
Grand
Cayman,
KY1-1205, 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.
|
Eduardo Simon
Bartfeld
Director
Ruta 8 KM 17.500
Edificio@1 Local 003,
91600,
Montevideo
Republic of
Uruguay
Citizen of
Uruguay
|
|
2.
|
Saúl
Zang
Vice
Chairmane
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
Floor
11500,
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
3.
|
Eduardo Simon
Bartfeld
Second Vice
Chairman
Zabala 1422, 2 nd
Floor
11500,
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
|
2.
|
Mariana Renata
Carmona de Elsztain
First Vice
Chairman
Zabala 1422, 2nd
Floor
11500,
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
|
|
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
16 of 19 Pages
|
Directors
and Executive Officers of Cresud Sociedad Anónima Comercial,
Inmobiliaria, Financiera y Agropecuaria
Directors
|
1.
|
Eduardo Sergio
Elsztain
ChairmanMoreno 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
|
|
2.
|
Saúl
Zang
Vice
Chairman
Moreno 877, 23rd
floor
(C1091AAQ) Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
8.
|
Daniel E.
Mellicovsky
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
|
9.
|
Alejandro Gustavo
Casaretto
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
|
10.
|
Gastón Armando
Lernoud
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
|
11.
|
Enrique
Antonini
Alternate
Director
Moreno 877, 23rd
Floor
(C1091AAQ) Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
|
6.
|
Fernando
Adrián Elsztain
Director
Moreno 877, 23rd
Floor
(C1091AAQ) Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
12.
|
Eduardo
Kalpakian
Alternate
Director
Moreno 877, 23rd
Floor
(C1091AAQ) Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
|
|
|
|
|
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
17 of 19 Pages
|
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
|
4.
|
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
|
5.
|
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
|
|
|
3.
|
Walter
Vallini
Compliance
Officer
Moreno 877, 23rd
floor
(C1091AAQ) Ciudad
Autónoma de Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
|
|
|
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
18 of 19 Pages
|
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.
Ilan Ariel Elsztain´s transaction in CRESUD´s
shares
SCHEDULE
13D
|
CUSIP
No. 226406106
|
|
Page
19 of 19 Pages
|
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: May 30,
2018
|
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
|
|