Business Context and Reporting Period
Company: Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: May 7, 2024
Context: The filing announces a modification to the Company's previously approved program for the acquisition of its own shares, originally authorized on April 19, 2024.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is a regulatory disclosure regarding corporate action.
Material Changes
The Board of Directors approved a modification to item (e) of the terms and conditions of the share buyback program, specifically adjusting the maximum price per share:
- ADR (NYSE): Maximum price set at US$10.00 per American Depositary Receipt.
- Class B Shares (BYMA): Maximum price set at ARS$2,400.00 per share on the Buenos Aires Stock Exchange.
All other terms and conditions of the program approved on April 19, 2024, remain in force.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific modification to the share repurchase price limits.
Investor Verification Checklist
- Verify the current market price of SUPV ADRs and Class B shares against the new maximum buyback limits (US$10 and ARS$2,400).
- Review the original April 19, 2024, approval to confirm the total number of shares authorized for repurchase and the program's expiration date.
- Monitor subsequent filings for actual execution of the buyback program under the new price caps.