Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: October 21, 2008
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 statements (revenue, profit, cash flow, or margins). It reports a specific capital transaction:
- Shares Repurchased: 831,000 Class B Common Shares
- Par Value: Ps$. 1.00 per share
- Average Purchase Price: Ps$. 3.385 per share
- Total Aggregate Amount: Ps$. 2,812,850.00
Material Changes
The filing details a reduction in outstanding Class B Common Stock through a share buyback. No comparative financial data or changes in operational metrics versus prior periods are provided in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The transaction was executed in compliance with Section 68 of Law 17,811 and CNV General Resolution Number 368.
Investor Verification Checklist
- Verify the impact of the 831,000 share repurchase on total outstanding Class B shares.
- Confirm the current exchange rate between the Argentine Peso (Ps$) and USD to assess the transaction's value in reporting currency.
- Review the company's most recent Form 20-F for comprehensive financial statements, as this 6-K only covers the specific share repurchase event.