Macro Bank Buys Back 410,355 Class B Shares At Average Ps$10,059.904 Each
The Argentine lender spent Ps$4,128,131,910 on its own Class B stock, it told the securities regulator CNV on Monday.
Macro Bank, the Argentine lender, has bought back 410,355 of its own Class B shares at an average price of Ps$10,059.904 each, it told the CNV, Argentina's securities regulator, on Monday. The purchases total Ps$4,128,131,910, according to the notice, which the bank furnished to the SEC on Form 6-K.
What the bank bought
The shares are common, book-entry Class B stock, each carrying one vote. Each has a par value of Ps$1, a fraction of the Ps$10,059.904 average price the bank paid.
The bank said it made the purchases under Section 64 of Law 26,831 and applicable CNV rules. It reported the buyback to the CNV as a relevant event, and the notice was addressed as well to the BYMA and A3 Mercados exchanges.
Where the stock stands
Macro Bank had a market value of $3.8 billion as of Monday's session.
The bank's notice puts the full tally at 410,355 shares for Ps$4,128,131,910.
