SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of December, 2016
IRSA
Inversiones y Representaciones Sociedad
Anónima
(Exact name of Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Bolívar
108
(C1066AAB)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ☐ No
x
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
By letter dated December 23, 2016, the Company reported that
IDB Development Corporation Ltd. has exercised
its holdings of 12,85 million of warrants Serie 4 of Discount
Investment Corporation Ltd. (TASE: DISI)
(“DIC”),
matured on December 21, 2016, for a total amount of NIS 92.3
million (Strike price NIS 7.183). Additionally, Dolphin Fund Ltd.
and Dolphin Netherland B.V ( “Dolphin”) exercised its
holdings of 8,683 and 74,340 warrants Serie 4 for NIS 62,370 and
NIS 533,984 respectively.
Furthermore,
Dolphin has early exercised its holdings of 166,046 Warrants Serie
5 and 6 of DIC for NIS 1,192,708 at the same strike
price.
As
of the date of this release, the stake of IDBD in DIC reached
67,93% of its shares outstanding and the stake of IRSA, through
Dolphin and Tyrus S.A., reached 8.08% of DIC shares.