Business Context and Reporting Period
Company: Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Reporting Period: June 4, 2024
Business Overview: A financial services company in Argentina with a national presence.
Filing Purpose: Disclosure of a Relevant Fact regarding a modification to the Company's Share Buyback Program.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on corporate governance actions regarding share repurchases.
Material Changes
The Board of Directors resolved to amend the Share Buyback Program previously approved on April 19, 2024, and amended on May 7, 2024. The specific modifications are:
- Investment Cap: The maximum amount to be invested is set at $8,000,000,000 (Eight Billion Argentine Pesos) or the lesser amount required to reach 10% of the share capital. This calculation includes shares already held in treasury.
- Transaction Volume Limit: Acquisitions may not exceed 25% of the average daily transaction volume of the Company's shares over the previous 90 business days. This limit applies to the aggregate volume across both the Argentine Stock Exchanges and Markets and the New York Stock Exchange.
Guidance, Outlook, and Risks
Management Commentary: The filing states the amendments are made in compliance with Article 11 of Chapter I Title II and Article 2 Chapter I Title XII of the National Securities Commission (CNV) Regulations (TO 2013).
Outlook: No forward-looking financial guidance or operational outlook is provided in this document.
Risks and Contingencies: No specific risks or contingencies are detailed beyond the regulatory compliance context of the buyback program.
Investor Verification Checklist
- Verify the current number of shares held in treasury to assess the remaining capacity to reach the 10% share capital limit.
- Monitor the average daily transaction volume on both the NYSE and BYMA to understand the practical daily acquisition limits under the new 25% rule.
- Review the original Board Minutes No. 718 and No. 722 to confirm the unchanged terms of the buyback program.
- Track the exchange rate volatility of the Argentine Peso, as the $8 billion investment cap is denominated in local currency.