Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima (Loma Negra) covers the period from December 12, 2022, to December 16, 2022. The report discloses a relevant event regarding the execution of a share repurchase plan previously approved by the Board of Directors.
Key Financial Metrics
The filing details specific share repurchase transactions rather than general financial performance metrics such as revenue, profit, or cash flow. The following data pertains to the buyback activity:
| Date | Shares Purchased | Average Price (ARS) | Total Amount (ARS) |
|---|---|---|---|
| December 12, 2022 | 34,900 | $420.98 | $14,692,353.65 |
| December 13, 2022 | 34,600 | $427.53 | $14,792,664.05 |
| December 14, 2022 | 34,200 | $423.52 | $14,484,546.45 |
| December 15, 2022 | 34,200 | $430.14 | $14,710,847.60 |
| December 16, 2022 | 34,200 | $430.51 | $14,723,428.20 |
| Total | 172,100 | ~$426.54 | $73,403,840.00 |
The filing text does not provide clear values for revenue, profit, margins, debt, or liquidity positions.
Material Changes
The primary material change reported is the reduction of outstanding shares through the repurchase of 172,100 shares over five trading days. The average purchase price fluctuated between approximately $420.98 and $430.51 per share during this period.
Guidance, Outlook, and Compliance
Management confirmed that all 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. The filing does not contain forward-looking guidance, risk factors, or commentary on unusual items beyond the execution of the buyback plan.
Investor Verification Checklist
- Verify the total number of shares repurchased (172,100) against the company's total authorized buyback limit.
- Confirm the total capital deployed for the buyback (approximately ARS 73.4 million) relative to the company's cash position.
- Review the average daily trading volume for the preceding 90 days to validate the 25% daily limit compliance.
- Check subsequent filings for updates on the remaining balance of the share repurchase plan.