Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima covers the period from August 16, 2021, to August 20, 2021. The report details a relevant event concerning a share repurchase plan approved by the Board of Directors, executed in compliance with Argentine securities regulations.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The only financial metrics disclosed relate to the share repurchase activity:
- Total Shares Purchased: 207,100 shares
- Total Amount Spent: Approximately AR$ 55,563,185.75
- Average Price Range: AR$ 261.13 to AR$ 276.43 per share
| Date | Shares Purchased | Average Price (AR$) | Total Amount (AR$) |
|---|---|---|---|
| August 16, 2021 | - | - | - |
| August 17, 2021 | 50,500 | 276.43 | 13,959,940.20 |
| August 18, 2021 | 51,500 | 271.80 | 13,997,839.65 |
| August 19, 2021 | 52,700 | 261.13 | 13,761,515.50 |
| August 20, 2021 | 52,400 | 264.19 | 13,843,890.40 |
Note: No purchases were made on August 16 due to a national holiday closing the Argentine stock market.
Material Changes
The filing does not report material changes to the company's financial position or operations compared to prior periods. The primary activity reported is the reduction of outstanding shares through the repurchase program.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly reports the execution of the share buyback within the legal limit of 25% of the average daily transaction volume over the previous 90 business days, as required by Section 66 of Law No. 26,831.
Investor Verification Checklist
- Verify the total number of shares repurchased (207,100) against the company's total authorized share count to assess dilution impact.
- Confirm the average daily transaction volume over the preceding 90 days to ensure the 25% daily limit was strictly adhered to.
- Review the company's cash position in the most recent 20-F or 40-F filing to determine the liquidity impact of the ~AR$ 55.5 million expenditure.
- Check for any subsequent filings regarding the continuation or termination of the share repurchase plan.