Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima (Loma Negra) reports a relevant event for the month of December 2022, specifically dated December 12, 2022. The filing details the execution of a share repurchase plan previously approved by the Company's Board of Directors.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on the financial details of the share repurchase transactions executed between December 5, 2022, and December 7, 2022.
| Date | Shares Purchased | Average Price (ARS) | Total Amount (ARS) |
|---|---|---|---|
| December 5, 2022 | 35,500 | $420.32 | $14,921,455.35 |
| December 6, 2022 | 30,801 | $424.83 | $13,085,264.60 |
| December 7, 2022 | 34,700 | $433.79 | $15,052,545.00 |
| Total | 101,001 | N/A | $43,059,264.95 |
Material Changes
The filing does not report material changes to the Company's financial position or operations compared to prior periods. The only reported activity is the reduction of outstanding shares through the repurchase program.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies. It confirms that the acquisitions complied with the daily limit for operations in the Argentine market, which is capped at 25% of the average daily transaction volume of the Company's shares during the previous 90 business days, in accordance with Section 66 of Law No. 26,831.
Investor Verification Checklist
- Verify the total number of shares repurchased (101,001) against the Company's total authorized share repurchase limit.
- Confirm the compliance of the daily purchase volumes with the 25% average daily transaction volume cap.
- Review the Board of Directors' original resolution approving the share repurchase plan to understand the total scope and duration of the program.
- Check subsequent filings for the impact of these repurchases on the Company's capital structure and earnings per share.