SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
2 of 33 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
19,052
|
8.
|
SHARED VOTING
POWER
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
19,052
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
IN
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
3 of 33 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
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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
4 of 33 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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
5 of 33 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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
6 of 33 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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
7 of 33 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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
8 of 33 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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
9 of 33 Pages
|
1.
|
NAME OF REPORTING
PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Cresud
S.A.C.I.F. y 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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
10 of 33 Pages
|
1.
|
NAME
OF REPORTING PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(ENTITIES ONLY)
Helmir SA
|
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
106,837,882
|
9.
|
SOLE
DISPOSITIVE POWER
0
|
10.
|
SHARED
DISPOSITIVE POWER
106,837,882
|
11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
☐
|
13.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE
OF REPORTING PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
11 of 33 Pages
|
1.
|
NAME OF REPORTING
PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
IRSA
Inversiones y Representaciones Sociedad Anónima
|
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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
12 of 33 Pages
|
1.
|
NAME OF REPORTING
PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Tyrus
SA
|
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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
13 of 33 Pages
|
1.
|
NAME OF REPORTING
PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
Ritelco
SA.
|
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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
14 of 33 Pages
|
1.
|
NAME OF REPORTING
PERSONI.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES
ONLY)
E-Commerce
Latina 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
106,837,882
|
9.
|
SOLE DISPOSITIVE
POWER
0
|
10.
|
SHARED DISPOSITIVE
POWER
106,837,882
|
11.
|
AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,837,882
|
12.
|
CHECK BOX IF THE
AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13.
|
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
84.78%
|
14.
|
TYPE OF REPORTING
PERSON
CO
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
15 of 33 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. 5 TO SCHEDULE 13D
This Amendment No.
5 to Schedule 13D (“Amendment No. 5”) amends and
restates Items No. 2, 4, 5 and 6 of Amendment No. 4 to Schedule 13D
filed by the Reporting Persons with the SEC on November 12, 2018
(as amended and restated to the date hereof (the “Schedule
13D”). Capitalized terms used in this Amendment No. 5 but not
defined herein have the meaning given to such terms in the Schedule
13D.
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
16 of 33 Pages
|
Item
2.
Identity
and Background
(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 company organized under the
laws of the Republic of Argentina (“CAM”);
(iv)
Consultores Venture
Capital Limited, a limited liability company organized under the
laws of the Cayman Islands (“CVC Cayman”);
(v)
Consultores Venture
Capital Uruguay S.A., a stock corporation company 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”);
(vii)
Helmir S.A., a
stock corporation organized under the laws of the Republic of
Uruguay (“Helmir”);
(viii)
Tyrus S.A., a stock
corporation organized under the laws of the Republic of Uruguay
(“Tyrus”),
(ix)
Cresud S.A.C.I.F.y
A., a stock corporation organized under the laws of the Republic of
Argentina (“Cresud”);
(x)
Ritelco S.A., a
stock corporation organized under the laws of the Republic of
Uruguay (“Ritelco”);
(xi)
E-Commerce Latina
S.A., a stock corporation organized under the laws of the Republic
of Argentina (“E-Commerce”); and
(xii)
IRSA Inversiones y
Representaciones Sociedad Anónima, a stock corporation
organized under the laws of Argentina (“IRSA” and,
together with Elsztain, IFIS, IFISA, CAM, CVC Cayman, CVC Uruguay,
Agroinvestment, Helmir, Tyrus, Cresud, Ritelco and E-Commerce, the
“Reporting Persons”).
(i)
Elsztain’s, CAM’s and IRSA’s principal offices
are located at Bolivar 108, 1st floor, C1066AAD, Buenos Aires,
Argentina; (ii) IFIS’ principal offices are located at
Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda; (iii)
IFISA’s and CVC Uruguay’s principal offices are located
at Ruta 8 Km 17.500 Edificio@1 Local 106, CP 91600 Montevideo,
Republic of Uruguay; (iv) CVC Cayman’s principal offices are
located at 89 Nexus Way, Camana Bay, P.O. Box 31106, Grand Cayman,
KY1-1205, Cayman Islands; (v) Agroinvestment's, Helmir’s,
Ritelco’s and Tyrus’ principal offices are located at
Zabala 1422, Floor 2, 11000, Montevideo, Republic of Uruguay; (vi)
Cresud’s principal offices are located at Moreno 877, 23rd
floor, C1091AAQ, Buenos Aires, Argentina; and (vii)
E-Commerce’s principal offices are located at Florida 537,
18
th
floor, C1005AAK, Buenos Aires, Argentina.
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
17 of 33 Pages
|
Due to the fact
that 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 other than common shares
held directly by Mr. Elsztain (and not through any other Reporting
Person).
The name, business
address, present principal occupation or employment, and
citizenship of each executive officer and director of the Reporting
Persons are set forth in Schedule A hereto.
(d) Neither the
Reporting Persons nor, to the best knowledge of the Reporting
Persons, 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, neither the Reporting Persons nor, to the best
knowledge of the Reporting Persons, 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 activities
subject to, federal or state securities laws or finding any
violation of such law.
Item
4.
Purpose
of Transaction
Since November 12,
2018, and until the date of issuance of this document, the
Reporting Persons have increased their beneficial ownership of IRSA
Propiedades Comerciales S.A.’s Common Stock by 0.31% of IRSA
Propiedades Comerciales S.A.’s outstanding share capital.
Such increase in share ownership is the result of:
●
The purchase in the
open market of common shares 884,144 (221,036 ADRs);
●
On December
28, 2018, Cresud reported that its Board of Directors has approved
the cancellation of the debt for accrued fees from 2012 to 2018
that the company has with Consultores Assets Management S.A. On
January 11, 2019, Cresud partially paid its debt with 2,216,133
shares of IRSA Propiedades Comerciales S.A. of which, 1,717,503
shares of IRSA Propiedades Comerciales S.A. were transferred
to Consultores Venture Capital Uruguay S.A., while the rest of the
shares were paid to a director of a company included in Item
2.
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
18 of 33 Pages
|
Except as described
above, neither the Reporting Persons nor, to the best knowledge of
the Reporting Persons, any person named in Schedule A hereto, has
any present plans or intentions that could result in or relate to
any of the actions described in subparagraphs (a) through (j) of
Item 4 of Schedule 13D.
Item
5.
Interests
in Securities of the Issuer
(a)
As of January 11,
2019, the Reporting Persons beneficially owned 106,837,882 shares
of IRSA Propiedades Comerciales S.A., representing 84.78% of its
share capital.
The following is a
detailed description of the Reporting Persons’ beneficial
ownership of IRSA Propiedades Comerciales S.A.s’ Common Stock
as of January 11, 2019:
(i)
Elsztain is the
Chairman of the board of directors or Director of IFIS, IFISA,
Cresud, IRSA, CAM, CVC Uruguay, CVC Cayman, Agroinvestment, Helmir,
E-commerce, Ritelco and Tyrus. As of January 11, 2019, Elsztain
held (through companies controlled by him and proxies) a majority
of the voting power in IFIS Ltd. As of January 11, 2019, Elsztain
holds 100% of the outstanding equity capital of Agroinvestment. As
of January 11, 2019, Elzstain owned 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 owned
272,751 common shares of Cresud, representing approximately 0.05%
of Cresud’s outstanding shares capital; and directly owned
19,052 common shares of IRSA Propiedades Comerciales S.A.’s
representing 0.02% of IRCP's outsanting shares
capital.
(ii)
IFIS is the direct
owner of 100% of the common shares of IFISA and does not directly
own any equity in IRSA Propiedades Comerciales S.A.
(iii)
IFISA is the direct
owner of 114,926,563 common shares of Cresud representing
approximately 22.91% of Cresud’s outstanding common stock and
does not directly own any equity in IRSA Propiedades Comerciales
S.A.
SCHEDULE
13D
CUSIP
No. 463588103
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|
Page
19 of 33 Pages
|
(iv)
CAM does not
directly own any equity in IRSA Propiedades Comerciales
S.A.
(v)
CVC
Uruguay directly owns 920 common shares of Cresud representing
approximately 0.0002% of Cresud’s outstanding common shares;
moreover CVC Uruguay directly owned 5,956,675 common shares of IRSA
Inversiones y Representaciones, representing approximately 1.03% of
IRSA´s outstanding shares capital; the company also is the
direct owner of 1,717,503 common shares of IRSA Propiedades
Comerciales S.A. representing 1.36% of IRCP´s outstanding
shares capital.
(vi)
CVC Cayman serves
as the Investment Manager of IFIS and does not own any equity in
IRSA Propiedades Comerciales S.A.
(vii)
Agroinvestment
directly owns 67,125,740 common shares of Cresud representing
approximately 13.38% of Cresud’s outstanding common shares
and does not own any equity in IRSA Propiedades Comerciales
S.A.
(viii)
Cresud directly
owns 356,913,421 common shares of IRSA, which represents 61.68% of
IRSA’s outstanding stock and is the direct owner of 1,851,963
common shares of IRSA Propiedades Comerciales S.A. representing
approximately 1.47% of IRSA Propiedades Comerciales S.A.
outstanding common stock.
(ix)
Cresud directly
owns 100% of the common shares of Helmir.
(x)
Helmir directly
owns 2,188,790 IRSA common shares, representing 0.38% of IRSA
outstanding common shares and Helmir does not directly own any
equity in IRSA Propiedades Comerciales S.A.
(xi)
IRSA directly owns
102,235,040 IRSA Propiedades Comerciales S.A.’s common stock
representing approximately 81.13% of IRSA Propiedades Comerciales
S.A.’s outstanding common shares.
(xii)
IRSA directly owns
100% of the common shares of Tyrus, which in turn owns 3.26% of
E-Commerce.
(xiii)
IRSA directly owns
100% of the common shares of Ritelco, which in turn owns 0.0000001%
of E-Commerce.
(xiv)
IRSA directly owns
97.74% of the common shares of E-Commerce
(xv)
Tyrus
directly owns 20,733 common stock of IRSA Propiedades Comerciales
S.A. representing approximately 0.02% of IRSA Propiedades
Comerciales S.A.‘s outstanding capital.
(xvi)
E-Commerce directly
owns 993,591 common stock of IRSA Propiedades Comerciales
S.A.’s representing approximately 0.79% of IRSA Propiedades
Comerciales S.A.’s outstanding shares capital.
(xvii)
Ritelco does not
directly own any equity in IRSA Propiedades Comerciales
S.A.
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
20 of 33 Pages
|
Set forth below is
a diagram of the Reporting Persons’ beneficial ownership of
IRSA Propiedades Comerciales S.A., as of January 11,
2019:
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
21 of 33 Pages
|
Given the
foregoing, the Reporting Persons may be deemed to be the beneficial
owners of 106,837,882 IRSA Propiedades Comerciales S.A.’s
common shares, representing 84.78% of the issued and outstanding
common shares of IRSA Propiedades Comerciales S.A., as of January
11, 2019.
(b)
Item 4(a) is
incorporated herein by reference.
(c)
Transactions by the
Reporting Persons or persons named in Schedule A hereto in IRSA
Propiedades Comerciales S.A.’s common stock that were
effected during the past 60 days are listed on Annex I, which is
incorporated herein by reference.
(d)-(e) Not
applicable.
Item
6.
Contracts,
Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Other than as set
forth above or otherwise described in this Amendment No. 5, there
are no contracts, arrangements, understandings or relationships
with respect to any securities of IRSA Propiedades Comerciales S.A.
to which the Reporting Persons are a party.
Item
7.
Material
to Be Filed as Exhibits
None.
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
22 of 33 Pages
|
Schedule
A
|
Eduardo S.
Elsztain
Bolivar 108,
1
st
floor
(1066) 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 11,
Bermuda,
Bermuda.
Citizen of
Argentina
|
2.
|
Saul
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 11,
Bermuda,
Bermuda.
Citizen of
Argentina
|
|
|
|
|
Directors
of Consultores Venture Capital Uruguay
1.
|
Eduardo S.
Elsztain
Chairman
Ruta 8K 17.500 Edificio@1 Local
106,
CP 91609 Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
3.
|
Olga
Stirling
Director
Ruta 8K 17.500 Edificio@1 Local
106,
CP 91609 Montevideo
Republic of Uruguay
Citizen of
Uruguay
|
|
2.
|
Eduardo Simon
Bartfeld
Director
Ruta 8K 17.500 Edificio@1 Local
106,
CP
91609 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
|
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
23 of 33 Pages
|
Schedule
A
Directors
of Consultores Assets Management S.A.
1.
|
Eduardo S.
Elsztain
Chairman
Bolivar 108, 1st
Floor
(C1066AAD) Ciudad
Autónoma de Buenos
Republic of
Argentina
Citizen of
Argentina
|
3.
|
Mariana Renata
Carmona de Elsztain
First Vice
Chairman
Bolivar 108, 1st
Floor
(C1066AAD) Ciudad
Autónoma de Buenos
Republic of
Argentina
Citizen of
Argentina
|
2.
|
Saul
Zang
Second Vice
Chairman
Bolivar 108, 1st
Floor
(C1066AAD) Ciudad
Autónoma de Buenos
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Ilan Ariel
Elsztain
Alternate
Director
Bolivar 108, 1st
Floor
(C1066AAD) Ciudad
Autónoma de Buenos
Republic of
Argentina
Citizen of
Argentina
|
Directors
of Consultores Venture Capital Limited
1.
|
Eduardo S.
Elsztain
Chairman
89 Nexus
Way,
Camana
Bay,
Grand
Cayman,
KY1-1205, Cayman
Islands
Citizen of
Argentina
|
2.
|
Saul
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
Ruta 8K 17.500 Edificio@1 Local
106,
CP 91609 Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
3.
|
Eduardo Simon
Bartfeld
Director
Ruta 8K 17.500 Edificio@1 Local
106,
CP 91609 Montevideo
Republic of
Uruguay
Citizen of
Uruguay
|
2.
|
Saúl
Zang
Vice
Chairman
Ruta 8K 17.500 Edificio@1 Local
106,
CP 91609 Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
4.
|
Olga
Stirling
Director
Ruta 8K 17.500 Edificio@1 Local
106,
CP 91609 Montevideo
Republic of
Uruguay
Citizen of
Uruguay
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
24 of 33 Pages
|
Schedule
A
Directors
of Agroinvestment S.A.
1.
|
Eduardo S.
Elsztain
Chairman of the
Board
Zabala 1422, 2nd
Floor,
11500
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
3.
|
Eduardo Simon
Bartfeld
Director
Zabala 1422, 2nd
Floor,
11500
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
2.
|
Mariana Renata
Carmona de Elsztain
Director
Zabala 1422, 2nd
Floor,
11500
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
|
|
Directors
and Executive Officers of
Cresud Sociedad
Anónima Comercial, Inmobiliaria, Financiera y
Agropecuaria
Directors
1.
|
Eduardo Sergio
Elsztain
Chairman
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
8.
|
Daniel Elias
Mellicovsky
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
2.
|
Saúl
Zang
Vice
Chairman
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
9.
|
Alejandro Gustavo
Casaretto
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
3.
|
Alejandro Gustavo
Elsztain
Second Vice
Chairman
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
10.
|
Gastón Armando
Lernoud
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Gabriel Adolfo
Gregorio Reznik
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
11.
|
Enrique
Antonini
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
5.
|
Jorge Oscar
Fernández
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
12.
|
Eduardo
Kalpakian
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
25 of 33 Pages
|
Schedule
A
6.
|
Fernando
Adrián Elsztain
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
|
|
7.
|
Pedro Damaso
Labaqui
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,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
3.
|
Alejandro Gustavo
Casaretto
Regional Manager of
Agricultural
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
2.
|
Matias Iván
Gaivironsky
Chief Financial
Officer and Chief Administrative Officer
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Carlos
Blousson
Chief Executive
Officer of the Bolivian and Argentinean Operations
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
|
|
|
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
26 of 33 Pages
|
Schedule
A
Directors
and Executive Officers of
IRSA Inversiones y
Representaciones Sociedad Anónima
Directors
1.
|
Eduardo Sergio
Elsztain
Chairman
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
10.
|
Mauricio
Wior
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
USA
|
2.
|
Saul
Zang
First
Vice-Chairman
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
11.
|
Gabriel A.
Reznik
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
3.
|
Alejandro Gustavo
Elsztain
Second
Vice-Chairman
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
12.
|
Ricardo
Liberman
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Fernando
Adrián Elsztain
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
13.
|
Daniel R.
Elsztain
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
5.
|
Carlos Ricardo
Esteves
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
14.
|
Fernando
Rubin
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
6.
|
Cedric D.
Bridger
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
15.
|
Enrique
Antonini
Alternate
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
7.
|
Marcos Moisés
Fischman
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
16.
|
Gastón A.
Lernoud
Alternate
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
27 of 33 Pages
|
Schedule
A
8.
|
Gary S.
Gladstein
Director
Bol’var 108,
1 floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of United
States
|
|
|
9.
|
Mario
Blejer
Director
Bolivar 108, 1
floor(C1066AAD) Buenos Aires
Republic of
Argentina
Citizen of
Argentina
|
|
|
Senior
Management
1.
|
Eduardo Sergio
Elsztain
Chief Executive
Officer
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
3.
|
Arnaldo
Jawerbaum
Investment
Manager
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
2.
|
Mat’as
Iván Gaivironsky
Chief Financial
Officer
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Daniel R.
Elsztain
Chief Real Estate
Business Officer
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
C
itizen
of Argentina
|
|
|
|
|
Directors
of Helmir S.A.
1.
|
Eduardo Sergio
Elsztain
Chairman
Zabala 1422, Floor
2,
CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
3.
|
Alejandro Gustavo
Elsztain
Second
Vice-Chairman
Zabala 1422, Floor
2,
CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
2.
|
Saúl
Zang
First
Vice-Chairman
Zabala 1422, Floor
2,
CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
4.
|
Olga
Stirling
Director
Zabala 1422, Floor
2, CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Uruguay
|
Directors
of Tyrus S.A.
1.
|
Eduardo Sergio
Elsztain
Chairman
Zabala 1422, Floor
2,
CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
3.
|
Alejandro Gustavo
Elsztain
Second
Vice-Chairman
Zabala 1422, Floor
2, CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
28 of 33 Pages
|
Schedule
A
2.
|
Saúl
Zang
First
Vice-Chairman
Zabala 1422, Floor
2,
CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
4.
|
Olga
Stirling
Director
Zabala 1422, Floor
2,
CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Uruguay
|
Directors
of E-Commerce Latina S.A.
1.
|
Eduardo Sergio
Elsztain
Chairman
Florida 537,
18
th
floor
(C1005AAK) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
5.
|
Pablo Daniel
Vergara Del Carril
Director
Florida 537,
18
th
floor
(C1005AAK) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
2.
|
Fernando
Adrián Elsztain
Vice-Chairman
Florida 537,
18
th
floor
(C1005AAK) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
6.
|
Jose Luis
Rinaldini
Alternate
Director
Florida 537,
18
th
floor
(C1005AAK) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
3.
4.
|
Daniel Ricardo
Elsztain
Director
Florida 537,
18
th
floor
(C1005AAK) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
Gastón Armando
Lernoud
Director
Florida 537,
18
th
floor
(C1005AAK) Buenos
Aires
Republic of
Argentina
|
7.
|
Juan Manuel
Quintana
Alternate
Director
Florida 537,
18
th
floor
(C1005AAK) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
Directors
of Ritelco S.A.
Eduardo Sergio
Elsztain
Chairman
Zabala 1422, Floor
2, CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
3.
|
Alejandro Gustavo
Elsztain
Director
Zabala 1422, Floor
2, CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
Saúl
Zang
Vice-Chairman
Zabala 1422, Floor
2, CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Argentina
|
4.
|
Olga
Stirling
Director
Zabala 1422, Floor
2, CP 11000
Montevideo
Republic of
Uruguay
Citizen of
Uruguay
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
29 of 33 Pages
|
Schedule
A
Directors
and Executive Officers of IRSA Propiedades Comerciales
S.A.
Directors
1.
|
Eduardo Sergio
Elsztain
Chairman
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
9.
|
Marcos Oscar
Barylka
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
2.
|
Saul
Zang
First
Vice-Chairman
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
10.
|
Juan Manuel
Quintana
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
3.
|
Alejandro Gustavo
Elsztain
Second
Vice-Chairman
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
11.
|
Salvador Darío
Bergel
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Fernando
Adrián Elsztain
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
12.
|
Mauricio
Wior
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
5.
|
Enrique
Antonini
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
13.
|
Pablo Daniel
Vergara del Carril
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
6.
|
Daniel Ricardo
Elsztain
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
14.
|
Gaston Armando
Lernoud
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
AiresRepublic of Argentina
Citizen of
Argentina
|
7.
|
Leonardo
Fernández
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
15.
|
Gabriel Adolfo
Gregorio Reznik
Alternate
Director
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
30 of 33 Pages
|
Schedule
A
8.
|
Isela Angélica
Costantini
Director
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
|
|
Senior
Management
1.
|
Alejandro Gustavo
Elsztain
Chief Executive
Officer
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
4.
|
Juan José
Martinucci
Chief Commercial
Officer
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
2.
3.
|
Daniel Ricardo
Elsztain
Chief Operating
Officer
Moreno 877, 23rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
Juan José
Martinucci
Chief Commercial
Officer
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
5.
|
Arnaldo
Jawerbaum
Investment
Manager
Moreno 877,
23
rd
floor
(C1091AAQ) Buenos
Aires
Republic of
Argentina
Citizen of
Argentina
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
31 of 33 Pages
|
Schedule
A
Annex
1
Transactions by the Reporting Persons or persons named in Schedule
A hereto in Shares
that were effected during the past 60 days
●
In
the last 60 days Alejandro Gustavo Elsztain acquired 498,630
IRCP´s common shares at an average price of ARS
169.93
●
In
the last 60 days Alejandro Gustavo Elsztain bought 3,550
IRCP´s ADRs at an average price of USD 17.65
●
In
the last 60 days Eduardo Sergio Elsztain bought 4,763 IRCP´s
ADRs at an average price of USD 20.83
●
In
the last 60 days Ilan Ariel Elsztain bought 205 IRCP´s common
shares at an average price of ARS 170.00
●
In
the last 60 days Ilan Ariel Elsztain bought 650 IRCP´s ADRs at
an average price of USD 18.23
●
In
the last 60 days Cresud transferred 2,216,133 IRCP´s common
shares at an average price of ARS 169.93
●
In
the last 60 days Cresud acquired 24,276 IRCP´s common shares
at an average price of ARS 220.00 from Helmir, a fully owned
company.
●
In
the last 60 days Consultores Venture Capital Uruguay acquired
1,717,503 IRCP´s common shares at an average price of ARS
169.93
●
In
the last 60 days E-Commerce bought 216,273 IRCP´s ADRs at an
average price of USD 17.52
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
32 of 33 Pages
|
Schedule
A
SIGNATURE
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: January 11,
2019
Eduardo
S. Elsztain
|
Consultores
Assets Management S.A.
|
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
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
|
|
|
Inversiones
Financieras del Sur S.A.
|
Cresud
Sociedad Anónima Comercial, Inmobiliaria, Financiera y
Agropecuaria
|
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
|
|
Ritelco
By: /S/ Eduardo S.
Elsztain
Name: Eduardo S.
Elsztain
Title: Chairman of
the Board
|
IRSA
Inversiones y Representaciones Sociedad Anónima
|
Helmir
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
|
|
|
Consultores
Venture Capital Uruguay
|
Agroinvestment
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
|
SCHEDULE
13D
CUSIP
No. 463588103
|
|
Page
33 of 33 Pages
|
Schedule
A
Tyrus
S.A.
|
E-Commerce
Latina S.A.
|
By: /S/ Eduardo S.
Elsztain
By: /S/ Eduardo S.
Elsztain
Name: Eduardo S.
Elsztain
Name:
Eduardo S. Elsztain
Title: Chairman of
the Board
Title: Chairman of the
Board