Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: January 20, 2009
Context: The filing reports a relevant event submitted to the Comisión Nacional de Valores (CNV) in Buenos Aires regarding the repurchase of the company's own Class B Common Stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements (revenue, profit, cash flow, margins, debt, or liquidity). It focuses exclusively on a specific share repurchase transaction with the following metrics:
- Shares Repurchased: 476,030 Class B Common Shares
- Par Value: Ps$. 1.00 per share
- Average Purchase Price: Ps$. 3.82 per share
- Total Aggregate Amount: Ps$. 1,819,266.50
Material Changes
The filing discloses that the bank has exceeded the 10% limit for share repurchases set by Section 68 of Law 17,811. Consequently, the transaction was executed under subsection 2 of section 220 of the Argentine Corporations Law No. 19.550 and CNV General Resolution No. 535.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the regulatory compliance regarding the share buyback.
Investor Verification Checklist
- Verify the total number of treasury shares held by the bank post-transaction to assess the impact on outstanding share count.
- Confirm the bank's current liquidity position to ensure the Ps$. 1.8 million outflow does not strain operations.
- Review the bank's annual report (Form 20-F) for the full context of the 10% repurchase limit and its implications for future buybacks.
- Check for any subsequent filings regarding the retirement or reissuance of these acquired shares.