Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: September 29, 2008
Context: The filing reports a relevant event submitted to the Comisión Nacional de Valores (CNV) in Argentina 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 | 25,989 Class B Common Shares |
| Par Value per Share | Ps$. 1.00 |
| Average Repurchase Price | Ps$. 6,000.00 per share |
| Total Aggregate Amount | Ps$. 155,934.00 |
Material Changes
The filing details a reduction in the number of outstanding Class B shares due to the acquisition of 25,989 shares by the Bank. No comparative data against prior periods is provided in this document.
Guidance, Outlook, and Risks
Management Commentary: The transaction was executed in compliance with Section 68 of Law 17,811 and CNV General Resolution Number 368.
Guidance/Outlook: The filing text does not provide forward-looking guidance, outlook, or management commentary on future performance.
Risks/Contingencies: No specific risks or contingencies are disclosed in this report.
Investor Verification Checklist
- Verify the total number of Class B shares outstanding post-repurchase to assess dilution or concentration effects.
- Confirm the exchange rate used to convert the Ps$. 155,934.00 transaction value into USD for financial statement impact.
- Review the company's broader share repurchase program to determine if this transaction is part of a larger strategy.
- Check subsequent filings for any changes in the company's capital structure or liquidity position following this repurchase.