Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: January 2, 2009
Context: The filing reports a relevant event submitted to the Comisión Nacional de Valores (CNV) in Buenos Aires regarding the repurchase of the company's own Class B Common Stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on a specific share repurchase transaction.
| Metric | Value |
|---|---|
| Shares Repurchased | 115,323 Class B Common Shares |
| Par Value per Share | Ps$. 1.00 |
| Average Purchase Price | Ps$. 3.97 per share |
| Total Aggregate Amount | Ps$. 458,020.65 |
Material Changes
The filing discloses that the bank has exceeded the 10% limit for share repurchases set by Section 68 of Law 17,811. Consequently, the transaction was executed under subsection 2 of section 220 of the Argentine Corporations Law No. 19.550 and CNV General Resolution No. 535.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the regulatory compliance regarding the share buyback limits.
Investor Verification Checklist
- Verify the total number of treasury shares held by the bank to ensure compliance with the 10% regulatory cap.
- Confirm the impact of the Ps$. 458,020.65 cash outflow on the bank's immediate liquidity position.
- Review the bank's annual report (Form 20-F) for broader financial performance data not included in this specific 6-K filing.
- Check for any subsequent filings regarding the retirement or re-issuance of the repurchased Class B shares.