Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima covers the period from December 19, 2022, to December 23, 2022. The report discloses a relevant event concerning the execution of a share repurchase plan approved by the Board of Directors.
Key Financial Metrics
The filing details specific share buyback transactions rather than general operating financials. The company repurchased a total of 102,500 shares during the reporting window.
| Date | Shares Purchased | Average Price (ARS) | Total Amount (ARS) |
|---|---|---|---|
| December 19, 2022 | 34,100 | $431.93 | $14,728,911.35 |
| December 21, 2022 | 33,900 | $438.38 | $14,861,154.70 |
| December 22, 2022 | 34,500 | $439.07 | $15,148,029.70 |
| Total | 102,500 | N/A | $44,738,095.75 |
Revenue, profit, cash flow, margins, debt, and liquidity metrics are not provided in this specific filing.
Material Changes
The primary material change is the reduction of outstanding shares through the repurchase of 102,500 shares. The average purchase price increased slightly over the three-day period, rising from $431.93 to $439.07.
Guidance, Outlook, and Compliance
Management confirmed that all acquisitions complied with the daily limit for operations in the Argentine market, which is capped at 25% of the average daily transaction volume of the Company's shares during the previous 90 business days, in accordance with Section 66 of Law No. 26,831. No forward-looking guidance or risk factors were disclosed in this specific report.
Investor Verification Checklist
- Verify the total number of shares repurchased (102,500) against the company's total authorized share count to assess dilution impact.
- Confirm the total cash outflow of approximately ARS 44.7 million for the buyback program.
- Review the Board of Directors' original approval resolution for the total scope and duration of the share repurchase plan.
- Check subsequent filings to determine if the repurchase program has concluded or if further buybacks are planned.