Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima (Loma Negra) covers the period from August 9, 2021, to August 13, 2021. The report discloses a relevant event regarding the execution of a share repurchase plan approved by the Company's Board of Directors, in compliance with Argentine National Securities Commission regulations.
Key Financial Metrics
The filing details specific share repurchase transactions rather than general financial performance metrics such as revenue or profit. The Company purchased its own shares over five consecutive trading days with the following aggregate totals:
- Total Shares Repurchased: 256,200 shares
- Total Amount Spent: AR$ 71,142,451.40
- Price Range: AR$ 278.90 to AR$ 285.99 per share
Specific daily transaction data is as follows:
| Date | Shares | Avg Price (AR$) | Total Amount (AR$) |
|---|---|---|---|
| Aug 9, 2021 | 50,400 | 278.90 | 14,056,615.25 |
| Aug 10, 2021 | 50,000 | 281.96 | 14,097,940.55 |
| Aug 11, 2021 | 50,500 | 285.99 | 14,442,973.80 |
| Aug 12, 2021 | 50,000 | 284.70 | 14,235,360.20 |
| Aug 13, 2021 | 50,300 | 284.48 | 14,309,561.60 |
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The material change reported is the reduction of outstanding shares through the repurchase program. The transactions were executed in compliance with the daily limit of 25% of the average daily transaction volume over the previous 90 business days, as mandated by Section 66 of Law No. 26,831.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the regulatory compliance of the share buyback. No unusual items were reported.
Investor Verification Checklist
- Verify the total number of shares repurchased (256,200) against the Company's total authorized share capital to assess dilution impact.
- Confirm the source of funds used for the AR$ 71.1 million repurchase in the Company's latest cash flow statement.
- Review the Board of Directors' resolution approving the specific share repurchase plan limits.
- Check subsequent filings to determine if the repurchase program has concluded or if further buybacks are planned.