Business Context and Reporting Period
This Form 6-K filing by Central Puerto S.A. (Port Central S.A.) covers the month of November 2019. The document serves as an English translation of a notice submitted to the Argentine securities regulator (CNV) on November 25, 2019, summarizing the Ordinary General Shareholders' Meeting held on November 22, 2019. Shareholders representing 81.24% of the capital shares and votes attended the meeting.
Key Financial Metrics
The filing focuses on capital distribution rather than operational performance metrics. The following financial figures were approved during the meeting:
- Optional Reserve Release: $1,040,681,154.32 (Argentine Pesos) released to improve solvency.
- Total Dividend Distribution: $1,074,955,801.76 (Argentine Pesos), adjusted by the October 2019 Price Index of 3.293482091%.
- Dividend Per Share: $0.71 (Argentine Pesos).
- Payment Date: Dividends made available on December 3, 2019.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity positions for the period.
Material Changes
The primary material change reported is the partial release of the optional reserve and the subsequent declaration of cash dividends. This action was taken to improve the Corporation's solvency. No comparative financial data against prior periods is provided in this specific filing.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, revenue outlook, or management commentary regarding future operational performance. The document is strictly procedural, detailing the mechanics of the dividend payment:
- Dividends are payable in Argentine Pesos by default.
- Shareholders may elect to receive dividends in United States Dollars based on the closing dollar selling rate of the Banco de la Nación Argentina on the business day prior to transfer.
- Shareholders wishing to receive USD had to notify the Securities Clearing House (Caja de Valores S.A.) between November 25 and November 28, 2019.
- The Board of Directors was authorized to amend payment procedures within the framework of applicable legislation.
Important Facts for Investor Verification
- Verify the exchange rate used for USD conversions if applicable to your holdings, as it depends on the Banco de la Nación Argentina closing rate prior to the transfer date.
- Confirm the deadline for notifying the Securities Clearing House for USD payment options (November 25–28, 2019) has passed or if late notifications are accepted.
- Check the actual receipt of funds on the "Making Available Date" of December 3, 2019.
- Review the impact of the Personal Property Tax deduction on net dividend amounts for applicable shareholders.