EDENOR Form 6-K Summary: June 2018
Business Context and Reporting Period
This Form 6-K filing by Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR) reports a relevant event for the month of June 2018. The document details a share repurchase transaction executed on May 29, 2018, which was approved by the Board of Directors on May 10, 2018.
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 the specific share repurchase transaction:
- Shares Acquired: 35,000 American Depositary Receipts (ADRs), representing 700,000 common shares.
- Price per ADR: $46.1196 USD.
- Total Gross Amount: $1,614,187.09 USD.
- Broker: Allaria Ledesma & Cía. S.A.
Material Changes
The filing reports a reduction in the company's outstanding share count due to the acquisition of own shares. No other material changes to operations or financial position are disclosed in this specific report.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. The transaction was conducted pursuant to Section 64 of Act No. 26,831 and rules of the Argentine Securities and Exchange Commission.
Investor Verification Checklist
- Verify the total number of ADRs repurchased by EDENOR since the initial May 10, 2018, approval.
- Confirm the impact of this repurchase on the company's total outstanding share count.
- Review the company's most recent Form 20-F for comprehensive financial performance data not included in this 6-K.