Business Context and Reporting Period
Company: Macro Bank Inc. (Foreign Private Issuer)
Filing Type: Form 6-K
Date: February 18, 2009
Context: The 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
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: 500,000 Class B Common Shares
- Par Value: Ps$. 1.00 per share
- Average Purchase Price: Ps$. 3.63 per share
- Total Aggregate Cost: Ps$. 1,814,673.94
Material Changes
The filing discloses that the Bank has exceeded the 10% limit for share repurchases set by Section 68 of Law 17,811. Consequently, the transaction was executed under subsection 2 of section 220 of the Argentine Corporations Law No. 19.550 and CNV General Resolution No. 535.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of general business risks. The document is strictly a regulatory notification of a completed share buyback transaction.
Investor Verification Checklist
- Verify the total number of treasury shares held by the Bank post-transaction to ensure compliance with the 10% regulatory limit.
- Confirm the impact of the Ps$. 1.8 million cash outflow on the Bank's current liquidity position.
- Review the Bank's most recent Form 20-F for full financial context, as this 6-K does not provide revenue or earnings data.