Business Context and Reporting Period
Loma Negra Compania Industrial Argentina Sociedad Anonima (Loma Negra) filed a Form 6-K on October 17, 2022, to disclose a relevant event regarding its share repurchase plan. The report covers share acquisition activities conducted between October 11, 2022, and October 14, 2022.
Key Financial Metrics
This filing does not contain standard financial statements such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on the execution of a share buyback program.
| Acquisition Date | Shares Purchased | Average Price (ARS) | Total Amount (ARS) |
|---|---|---|---|
| October 11, 2022 | 36,100 | $408.79 | $14,757,270.49 |
| October 12, 2022 | 36,400 | $403.65 | $14,692,701.74 |
| October 13, 2022 | 36,400 | $413.99 | $15,069,397.59 |
| October 14, 2022 | 36,900 | $402.79 | $14,863,116.54 |
| Total | 145,800 | ~$407.31 | $59,382,486.36 |
Material Changes
The filing details the reduction of outstanding shares through the purchase of 145,800 shares over a four-day period. The average purchase price fluctuated between approximately $402.79 and $413.99. The filing does not provide comparative data against prior periods for these specific transactions.
Guidance, Outlook, and Risks
Management confirmed that the 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. No forward-looking guidance, risk factors, or unusual items were disclosed in this specific report.
Investor Verification Checklist
- Verify the total number of shares repurchased (145,800) and the total capital deployed (approx. ARS 59.4 million).
- Confirm compliance with the 25% daily volume limit under Argentine securities law.
- Review the Board of Directors' approval of the broader share repurchase plan referenced in the filing.
- Check subsequent filings for the impact of these buybacks on the total outstanding share count.