Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: December 4, 2008
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 | 110,827 Class B Common Shares |
| Par Value per Share | Ps$. 1.00 |
| Average Price per Share | Ps$. 3.573 |
| Total Aggregate Amount | Ps$. 396,027.40 |
Material Changes
The filing details a reduction in the number of outstanding Class B shares due to the treasury stock acquisition. No comparative financial data or material changes in operating performance versus prior periods are disclosed in this document.
Guidance, Outlook, and Risks
Management Commentary: The transaction was executed in compliance with Section 68 of Law 17,811 and CNV General Resolution Number 368.
Guidance/Outlook: The filing text does not provide forward-looking guidance or outlook.
Risks/Contingencies: No specific risks or contingencies are discussed beyond the regulatory compliance of the share buyback.
Investor Verification Checklist
- Verify the impact of the 110,827 share repurchase on total outstanding Class B shares.
- Confirm the exchange rate used to convert the Ps$. 396,027.40 expenditure to USD for financial statement consolidation.
- Review the company's full 20-F annual report for comprehensive liquidity and capital adequacy ratios not present in this 6-K.
- Check subsequent filings for any further share repurchase activity or changes in capital structure.