Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: October 4, 2011
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
This filing does not contain standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a specific share repurchase transaction.
| Metric | Value |
|---|---|
| Shares Repurchased | 522,871 (Class B Common Stock) |
| Average Price per Share | Ps$. 8.76 |
| Total Aggregate Amount | Ps$. 4,581,954.21 |
| Par Value per Share | Ps$. 1.00 |
Material Changes
The filing details a reduction in the number of outstanding Class B shares due to the acquisition of 522,871 shares by the Bank. No comparative financial data or changes in operational metrics versus prior periods are provided in this text.
Guidance, Outlook, and Risks
The filing contains no management commentary, future guidance, outlook, or discussion of risks and contingencies. The transaction was executed under Section 68 of Law 17,811 (as amended by Decree number 677/2001).
Investor Verification Checklist
- Verify the total number of Class B shares outstanding post-repurchase to assess dilution or concentration effects.
- Confirm the source of funds used for the Ps$. 4.58 million repurchase in the company's broader liquidity position.
- Check subsequent filings to determine if these repurchased shares were retired or held as treasury stock.
- Review the exchange rate applicable on October 4, 2011, to convert the transaction value to USD for accurate valuation analysis.