Business Context and Reporting Period
Loma Negra Compania Industrial Argentina Sociedad Anonima (Loma Negra) filed a Form 6-K on March 26, 2021, to report a relevant event regarding a share repurchase plan approved by its Board of Directors. The report covers share acquisition activities conducted between March 22 and March 26, 2021.
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 capital allocation activities related to the buyback program.
| Date | Shares Purchased | Average Price (ARS) | Total Amount (ARS) |
|---|---|---|---|
| March 22, 2021 | 55,000 | $179.79 | $9,888,332.75 |
| March 23, 2021 | 14,208 | $179.60 | $2,551,748.65 |
| March 24, 2021 | - | - | - |
| March 25, 2021 | 52,500 | $176.60 | $9,271,573.30 |
| March 26, 2021 | 52,000 | $177.09 | $9,208,535.50 |
| Total | 173,708 | - | $30,920,190.20 |
Note: The Argentine stock market was closed on March 24, 2021, due to a national holiday.
Material Changes
The filing reports a reduction in the number of outstanding shares due to the repurchase of 173,708 shares. The filing does not provide comparative data against prior periods for these specific transactions.
Guidance, Outlook, and Risks
The Company confirmed that all acquisitions complied with the daily limit for operations in the Argentine market, which is capped at 25% of the average daily transaction volume of the Company's shares during the previous 90 business days, in accordance with Article 66 of Law No. 26,831. No forward-looking guidance or new risk factors were disclosed in this specific report.
Investor Verification Checklist
- Verify the total number of shares repurchased (173,708) and the total capital deployed (approx. ARS 30.9 million).
- Confirm compliance with the 25% daily volume limit under Argentine securities law.
- Check the Company's latest Form 20-F for updated total share count and remaining authorization under the repurchase plan.
- Review the impact of the repurchase on earnings per share (EPS) in subsequent financial reports.