Business Context and Reporting Period
This Form 6-K filing by Macro Bank Inc. (Banco Macro S.A.) is dated December 9, 2008. The report discloses a relevant event submitted to the Comisión Nacional de Valores (CNV) in Buenos Aires, Argentina, regarding the repurchase of the company's own shares.
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: 205,845 Class B Common Shares
- Par Value: Ps$. 1.00 per share
- Average Purchase Price: Ps$. 3.71 per share
- Total Aggregate Cost: Ps$. 763,946.93
Material Changes
The filing reports a reduction in the company's outstanding share count due to the acquisition of 205,845 Class B shares. No comparative financial data or material changes in operating performance versus prior periods are provided in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies. The transaction was executed in compliance with Section 68 of Law 17,811, subsection 2 of section 220 of the Argentine Corporations Law No. 19.550, and CNV General Resolution Number 535.
Investor Verification Checklist
- Verify the total number of Class B shares currently held in treasury following this repurchase.
- Confirm the impact of this buyback on earnings per share (EPS) and total equity.
- Review the company's full 2008 annual report (Form 20-F) for comprehensive financial performance data not included in this 6-K.
- Check for any subsequent share repurchase programs or restrictions on treasury shares under Argentine law.