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 19, 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 comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to a specific share repurchase transaction:
- Shares Repurchased: 1,066 Class B Common Shares
- Par Value: Ps$. 1.00 per share
- Average Purchase Price: Ps$. 3.98 per share
- Total Aggregate Amount: Ps$. 4,242.68
Material Changes
The filing discloses that the bank has exceeded the 10% limit for share repurchases set by Section 68 of Law 17,811. Consequently, the transaction was executed under subsection 2 of section 220 of the Argentine Corporations Law No. 19.550 and CNV General Resolution No. 535. No other material changes to operations or financial position are reported in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, future guidance, outlook, or discussion of risks and contingencies. The document is strictly a regulatory notification of a completed share buyback event.
Investor Verification Checklist
- Verify the total number of treasury shares held by the bank to confirm the impact of exceeding the 10% repurchase limit.
- Confirm the current market price of Class B Common Stock to assess the significance of the Ps$. 3.98 average purchase price.
- Review the bank's most recent Form 20-F for comprehensive financial health, liquidity, and capital adequacy ratios not included in this 6-K.
- Check for any subsequent filings regarding the disposition or retirement of the repurchased shares.