Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: November 17, 2011
Context: The filing reports a relevant event submitted to the Comisión Nacional de Valores (CNV) in Buenos Aires regarding the repurchase of the company's own Class B Common Stock.
Key Financial Metrics
This filing does not contain comprehensive financial statements (revenue, profit, cash flow, or margins). It reports specific transaction metrics related to a share repurchase:
- Shares Repurchased: 520,000 Class B Common Shares
- Par Value: Ps$. 1.00 per share
- Average Purchase Price: Ps$. 9.08 per share
- Total Aggregate Amount: Ps$. 4,719,497.90
Note: The filing text does not provide clear values for total debt, liquidity, or operating margins.
Material Changes
The filing documents a reduction in the number of outstanding Class B shares due to the acquisition of 520,000 shares by the Bank. No comparative period data or year-over-year financial changes are provided in this document.
Guidance, Outlook, and Risks
Management Commentary: The transaction was executed in compliance with Section 68 of Law 17,811 (as amended by Decree 677/2001) and reported under CNV General Resolution Number 368.
Outlook/Guidance: The filing text does not provide forward-looking guidance, risk factors, or contingencies beyond the specific share repurchase event.
Investor Verification Checklist
- Verify the total number of Class B shares currently outstanding post-repurchase.
- Confirm the source of funds used for the Ps$. 4.7 million repurchase.
- Review the company's latest Form 20-F for full financial statements, as this 6-K contains only transactional data.
- Check for any subsequent filings regarding the retirement or holding of these repurchased shares.