TGS

Business Context and Reporting Period

This Form 6-K filing by Transportadora de Gas del Sur S.A. (TGS) reports a material fact regarding the repurchase of its own American Depositary Receipts (ADRs). The report covers transactions executed on August 16, 2019, and August 19, 2019, pursuant to a share buyback program approved by the Board on March 27, 2019.

Key Financial Metrics

The filing details specific share repurchase activity rather than general financial performance metrics such as revenue or profit. The transaction data is as follows:

Note: Each ADR represents 5 common shares. The filing does not provide data on revenue, operating margins, debt levels, or liquidity positions.

Material Changes

The primary material change reported is the reduction of outstanding shares through the open market purchase of 287,575 ADRs. The filing does not provide comparative financial data against prior periods to assess changes in revenue, earnings, or cash flow.

Guidance, Outlook, and Risks

The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the execution of the authorized buyback program. The transaction was conducted in compliance with the Argentine Capital Market Act No. 26,831 and regulations set forth by the Comisión Nacional de Valores.

Investor Verification Checklist

• Verify the total number of ADRs repurchased (287,575) and the corresponding reduction in common shares (1,437,875 shares).
• Confirm the total capital outlay for the buyback ($2,671,489.54).
• Review the original Board resolution dated March 27, 2019, to understand the total authorized buyback limit and remaining capacity.
• Check subsequent filings for updates on the completion status of the buyback program.