Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: November 1, 2011
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). It reports specific transaction metrics related to a share repurchase:
- Shares Repurchased: 10,768 Class B Common Shares
- Par Value: Ps$. 1.00 per share
- Average Purchase Price: Ps$. 9.71 per share
- Total Aggregate Amount: Ps$. 104,603.20
Material Changes
The filing details a reduction in the number of outstanding Class B shares due to the acquisition of 10,768 shares by the Bank. No comparative financial data or material changes in operating performance versus prior periods are provided in this document.
Guidance, Outlook, and Risks
Management Commentary: The transaction was executed in compliance with Section 68 of Law 17,811 (as amended by Decree 677/2001) and reported under CNV General Resolution Number 368.
Outlook/Guidance: The filing text does not provide forward-looking guidance, outlook, or management commentary on future performance.
Risks/Contingencies: No specific risks or contingencies are disclosed in this filing.
Investor Verification Checklist
- Verify the total number of Class B shares outstanding post-repurchase to assess dilution or concentration effects.
- Confirm the source of funds used for the Ps$. 104,603.20 repurchase (e.g., retained earnings vs. debt).
- Review the company's annual report (Form 20-F) for broader financial context, as this 6-K contains only a specific transaction report.
- Check for any subsequent filings regarding the disposition or cancellation of the repurchased shares.