Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima (Loma Negra) reports a relevant event for the period of October 17 to October 21, 2022. The filing discloses the execution of a share repurchase plan approved by the Board of Directors, submitted to the Argentine National Securities Commission (CNV) and the Buenos Aires Stock Exchange (BYMA).
Key Financial Metrics
The filing details specific share repurchase transactions rather than general financial performance metrics such as revenue, profit, or cash flow. The total capital deployed for the repurchase during the reported week was approximately $73,978,449.46.
| Date | Shares Purchased | Average Price (ARS) | Total Amount (ARS) |
|---|---|---|---|
| October 17, 2022 | 37,200 | $395.08 | $14,697,053.14 |
| October 18, 2022 | 37,400 | $393.95 | $14,733,763.74 |
| October 19, 2022 | 37,700 | $393.75 | $14,862,307.65 |
| October 20, 2022 | 38,000 | $389.73 | $14,809,607.79 |
| October 21, 2022 | 38,000 | $391.47 | $14,875,717.14 |
| Total | 188,300 | ~$392.61 | $73,978,449.46 |
The filing text does not provide clear values for revenue, profit, margins, debt, or liquidity positions.
Material Changes
The material change reported is the reduction of the company's outstanding share count through the purchase of 188,300 shares. The transactions were executed in compliance with Section 66 of Law No. 26,831, adhering to the daily limit of 25% of the average daily transaction volume over the preceding 90 business days.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the regulatory compliance of the share buyback. The unusual item is the specific execution of the buyback program within the stated five-day window.
Investor Verification Checklist
- Verify the total number of shares repurchased (188,300) against the company's total authorized share capital to assess the impact on ownership dilution.
- Confirm the source of funds used for the approximately $74 million ARS repurchase to ensure it does not negatively impact liquidity.
- Review the full Board of Directors resolution regarding the share repurchase plan to understand the total authorized buyback limit and duration.
- Check subsequent filings to determine if the repurchase program was completed or extended beyond October 21, 2022.