Business Context and Reporting Period
This Form 6-K filing by Globant S.A. covers the month of June 2019, specifically dated June 25, 2019. The report details a corporate governance decision regarding the company's secondary listing status.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a notification of a listing change rather than a financial results report.
Material Changes
- Delisting Request: Globant S.A. voluntarily requested the delisting of its common shares from the Official List of the Luxembourg Stock Exchange (Lux SE), effective July 31, 2019.
- Primary Listing Status: Following the delisting, shares will continue to trade on the New York Stock Exchange (NYSE) under the symbol "GLOB".
- Trading Activity: The Board noted there has been no trading of the company's common shares on the Lux SE since the listing began in 2016.
Management Commentary and Risks
The Board of Directors determined that the costs associated with maintaining the secondary listing on the Lux SE outweighed the benefits, given the lack of trading activity. Management confirmed that the company will continue to file public reports and make disclosures in accordance with SEC and NYSE rules. The company explicitly stated it does not intend to repurchase any common shares as a result of this delisting.
Investor Verification Checklist
- Confirm the effective date of the Lux SE delisting is July 31, 2019.
- Verify continued trading on the NYSE under the ticker "GLOB".
- Ensure no share repurchase plans are triggered by this specific delisting event.
- Review subsequent filings for the next scheduled financial results, as this 6-K contains no financial data.