Business Context and Reporting Period
Company: Macro Bank Inc. (Foreign Private Issuer)
Filing Type: Form 6-K
Date: April 22, 2009
Context: This filing reports a relevant event submitted to the Comisión Nacional de Valores (CNV) in Argentina regarding the repurchase of the company's own Class B Common Stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on a specific share repurchase transaction.
| Metric | Value |
|---|---|
| Shares Repurchased | 7,254 Class B Common Shares |
| Par Value per Share | Ps$. 1.00 |
| Average Purchase Price | Ps$. 3.95 per share |
| Total Aggregate Amount | Ps$. 28,653.30 |
Material Changes
The filing discloses that the Bank has exceeded the 10% limit for share repurchases set by Section 68 of Law 17,811. Consequently, the transaction was executed under subsection 2 of section 220 of the Argentine Corporations Law No. 19.550 and CNV General Resolution No. 535.
Guidance, Outlook, and Risks
Management Commentary: The filing contains no forward-looking guidance, outlook, or general management commentary regarding future operations.
Risks and Contingencies: No specific risks or contingencies are detailed in this document beyond the regulatory compliance regarding the share repurchase limits.
Unusual Items: The repurchase of a small volume of shares (7,254) for a nominal aggregate amount (Ps$. 28,653.30) is the sole unusual item reported.
Investor Verification Checklist
- Verify the total number of treasury shares held by the Bank to assess the impact of this repurchase on the outstanding share count.
- Confirm the current regulatory status of the Bank's share repurchase program under Argentine law (Law 17,811 and Law 19.550).
- Review the Bank's most recent Form 20-F for comprehensive financial performance data, as this Form 6-K contains no financial statements.
- Check for any subsequent filings regarding further share repurchases or capital structure changes.