Business Context and Reporting Period
This Form 6-K filing by Loma Negra Compania Industrial Argentina Sociedad Anonima covers the period from March 15, 2021, to March 19, 2021. The report discloses a relevant event regarding the execution of a share repurchase plan approved by the Board of Directors.
Key Financial Metrics
The filing details specific share repurchase transactions rather than general operating financials. The company purchased a total of 278,000 shares during the reporting week.
| Date | Shares Purchased | Average Price (ARS) | Total Amount (ARS) |
|---|---|---|---|
| March 15, 2021 | 55,500 | $182.76 | $10,143,274.00 |
| March 16, 2021 | 56,000 | $180.24 | $10,093,588.65 |
| March 17, 2021 | 55,500 | $178.95 | $9,931,492.60 |
| March 18, 2021 | 55,500 | $178.81 | $9,923,714.60 |
| March 19, 2021 | 55,500 | $178.27 | $9,894,201.50 |
| Total | 278,000 | N/A | $49,986,271.35 |
Revenue, profit, cash flow, margins, debt, and liquidity metrics are not provided in this specific filing.
Material Changes
The filing reports a reduction in the company's outstanding share count due to the repurchase of 278,000 shares. The average purchase price declined slightly over the five-day period, ranging from $182.76 to $178.27.
Guidance, Outlook, and Risks
The filing confirms that all acquisitions complied with the daily limit for operations in the Argentine market, which is capped at 25% of the average daily transaction volume of the Company's shares during the previous 90 business days, in accordance with Article 66 of Law No. 26,831. No forward-looking guidance or new risk factors were disclosed in this document.
Investor Verification Checklist
- Verify the total number of shares repurchased (278,000) against the company's total authorized share count to assess dilution impact.
- Confirm the remaining balance of the approved share repurchase plan to determine future buyback capacity.
- Review the 90-day average daily transaction volume to validate compliance with the 25% daily limit cited in the filing.
- Check subsequent filings for the final disposition of the repurchased shares (e.g., cancellation or treasury stock).