Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: January 21, 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 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 | 691,523 Class B Common Shares |
| Average Price per Share | Ps$. 3.80 |
| Total Aggregate Amount | Ps$. 2,628,449.87 |
| Par Value per Share | Ps$. 1.00 |
Material Changes
The filing discloses that the Bank has exceeded the 10% limit for share repurchases set by Section 68 of Law 17,811. Consequently, the transaction was executed under subsection 2 of section 220 of the Argentine Corporations Law No. 19.550 and CNV General Resolution No. 535.
Guidance, Outlook, and Risks
The filing contains no management commentary, future guidance, outlook, or discussion of risks and contingencies beyond the regulatory compliance regarding the share buyback limits.
Investor Verification Checklist
- Verify the total number of treasury shares held by the Bank to ensure compliance with the 10% regulatory cap.
- Confirm the impact of the Ps$. 2.6 million cash outflow on the Bank's immediate liquidity position.
- Review the specific provisions of Argentine Corporations Law No. 19.550 regarding the treatment of shares purchased beyond the standard limit.
- Check subsequent filings for any further share repurchases or changes in capital structure.