Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 9, 2025
Subject: Cancellation of the CEDEAR Program for Telecomunicações Brasileiras S.A. (Telbras).
This filing communicates a "Hecho Relevante" (Material Event) to the Comisión Nacional de Valores (CNV) and the public. Macro Bank Inc., acting as the successor to Banco BMA S.A.U., is terminating the issuance program for Argentine Depositary Certificates (CEDEARs) representing shares of Telbras.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory notice regarding a specific product cancellation and does not contain financial performance data for the reporting period.
Material Changes
- Program Termination: Macro Bank Inc. has decided to redeem all CEDEARs currently in circulation for Telbras (ISIN: ARITAU110094).
- Record Date: May 12, 2025.
- Liquidation Timeline: Settlement will occur 48 business days after the Record Date.
- Delisting: The CEDEAR program will be removed from the market following the Record Date.
Guidance, Outlook, and Risks
Management Commentary: The action is taken in accordance with Point 5 of the Program's Terms and Conditions. The bank will formally request the removal of the program from the CNV and BYMA after the liquidation of positions is completed.
Contact Information: Investors may contact the CEDEAR team at productosfinancieros@macro.com.ar.
Risks/Contingencies: The filing does not explicitly detail financial risks, but the cancellation implies the cessation of trading for this specific instrument. Investors holding these CEDEARs must be aware of the redemption timeline to avoid missing the Record Date.
Investor Verification Checklist
- Verify ownership of Telbras CEDEARs (ISIN ARITAU110094) prior to the May 12, 2025 Record Date.
- Confirm the redemption price and settlement mechanics with the broker or bank.
- Monitor the 48-business-day liquidation window for fund availability.
- Check for any subsequent announcements regarding the formal delisting of the program from BYMA.