Business Context and Reporting Period
This Form 6-K filing by Macro Bank Inc. (Banco Macro S.A.) is dated November 18, 2011. The report discloses a relevant event submitted to the Comisión Nacional de Valores (CNV) in Buenos Aires regarding a share repurchase transaction.
Key Financial Metrics
The filing details a specific capital transaction rather than periodic financial performance metrics such as revenue or profit.
- Shares Repurchased: 495,842 Class B Common Shares
- Average Price per Share: Ps$. 9.07
- Total Aggregate Amount: Ps$. 4,495,762.44
- Par Value: Ps$. 1.00 per share
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes
The material change reported is the reduction of the company's outstanding share count through the acquisition of its own Class B shares. The filing does not provide comparative data against a prior period for this specific transaction.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The transaction was executed under Section 68 of Law 17,811 (as amended by Decree 677/2001).
Investor Verification Checklist
- Verify the total number of Class B shares repurchased (495,842) against the company's current authorized share capital.
- Confirm the average repurchase price of Ps$. 9.07 relative to the market price on November 18, 2011.
- Check subsequent filings to determine if the repurchased shares were retired or held as treasury stock.
- Review the company's latest Form 20-F for comprehensive financial statements, as this 6-K only covers a specific corporate action.