Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: February 11, 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
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a specific share repurchase transaction.
| Metric | Value |
|---|---|
| Shares Repurchased | 710,000 Class B Common Shares |
| Par Value per Share | Ps$. 1.00 |
| Average Purchase Price | Ps$. 3.62 per share |
| Total Aggregate Amount | Ps$. 2,571,120.00 |
Material Changes
The filing discloses that the Bank has exceeded the 10% limit for share repurchases set by Section 68 of Law 17,811. Consequently, the acquisition of these 710,000 shares was executed under subsection 2 of section 220 of the Argentine Corporations Law No. 19.550 and CNV General Resolution No. 535.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the regulatory compliance regarding the share buyback. No unusual items or other operational updates are mentioned.
Investor Verification Checklist
- Verify the total number of treasury shares held by the Bank to ensure compliance with the 10% ownership limit under Argentine law.
- Confirm the current market price of Class B Common Stock relative to the Ps$. 3.62 average repurchase price.
- Review the Bank's most recent Form 20-F for comprehensive financial statements, as this 6-K does not contain financial performance data.
- Check for any subsequent filings regarding the disposition or cancellation of the repurchased shares.