Business Context and Reporting Period
This Form 6-K filing by Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR) reports a relevant event for the month of December 2018. The document details a share repurchase transaction approved by the Board of Directors on December 4, 2018, and executed on December 12, 2018.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to the specific share repurchase transaction:
- Shares Acquired: 22,000 American Depositary Receipts (ADRs), representing 440,000 common shares.
- Price per ADR: $26.7645 USD.
- Total Gross Amount: $588,819.00 USD.
- Broker: SBS Trading S.A.
Material Changes
The filing does not provide comparative financial data or material changes in operating results versus prior periods. The primary change reported is the reduction of outstanding shares through the acquisition of 22,000 ADRs.
Guidance, Outlook, and Risks
The filing contains no management commentary, future guidance, outlook, or discussion of risks and contingencies. The transaction was conducted pursuant to Section 64 of Act No. 26,831 and rules of the Argentine Securities and Exchange Commission.
Investor Verification Checklist
- Verify the total number of ADRs repurchased (22,000) and the corresponding common shares (440,000).
- Confirm the execution date of December 12, 2018, and the average price of $26.7645 per ADR.
- Check the total cash outflow of $588,819.00 USD for this specific transaction.
- Review the Board of Directors' meeting minutes from December 4, 2018, for the authorization of this buyback program.