Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima covers the period ending February 21, 2022. The report details a relevant event concerning the execution and conclusion of a share repurchase plan approved by the Board of Directors.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The financial data presented is limited to the specific transactions related to the share buyback program.
| Date | Shares Purchased | Average Price (AR$) | Total Amount (AR$) |
|---|---|---|---|
| February 14, 2022 | 35,300 | 272.20 | 9,608,745.84 |
| February 15, 2022 | 55,900 | 275.58 | 15,405,063.39 |
| February 16, 2022 | 55,500 | 279.09 | 15,489,514.24 |
| February 17, 2022 | 55,000 | 276.72 | 15,219,791.69 |
| February 18, 2022 | 58,800 | 268.29 | 15,775,893.79 |
Material Changes
The primary material change reported is the reduction of the company's outstanding share count through the purchase of 260,500 shares over a five-day period. The filing notes that these acquisitions complied with the daily limit of 25% of the average daily transaction volume over the previous 90 business days.
Guidance, Outlook, and Management Commentary
Management confirmed that the share repurchase plan was finalized on February 20, 2022. This conclusion was reached because the mandatory 60-calendar day period elapsed from the business day following the initial market communication of the plan's approval. No forward-looking guidance, risk factors, or unusual items regarding operational performance were disclosed in this specific filing.
Investor Verification Checklist
- Verify the total number of shares repurchased (260,500) against the company's total authorized share capital to assess the impact on ownership dilution.
- Confirm the total cash outflow for the buyback (approximately AR$ 71.5 million) relative to the company's available liquidity.
- Review the Board of Directors' original resolution to understand the strategic rationale and price limits set for the repurchase plan.
- Check subsequent filings to determine if the company intends to initiate a new buyback program or retire the repurchased shares.