Buyback Programs
recompras
Current Program
| Share Buyback Program | VII Program |
|---|---|
| Maximum amount for repurchase | AR$3.6 billion |
| Maximum price | AR$52.8/ordinary share or US$11/ADR |
| Period in force | 120 days since Jul 1, 2020 |
| Repurchases as of Jul 6, 2020 | 239,555 ADRs @ US$10.86/ADR 309,534 acciones @ AR$46.95/acción |
| Progress(1) | 8% – In process |
Note: Information updated as of July 6, 2020. 1. In case of ADRs, at the average exchange rate disclosed in each relevant event.
Completed Programs
| Share Buyback Program | I Program |
II Program |
III Program |
IV Program |
V Program |
VI Program |
|---|---|---|---|---|---|---|
| Maximum amount for repurchase | US$200 million | US$200 million | US$100 million | US$65 million | US$50 million | US$27.02 million |
| Maximum price | AR$50/ordinary share or US$60/ADR | AR$62/ordinary share or US$55/ADR | US$1.04/ordinary share or US$26/ADR | US$1/ordinary share or US$25/ADR | US$0.58/ordinary share or US$14.5/ADR | US$0.52/ordinary share or US$13/ADR |
| Period in force | 120 days since April 30, 2018 | 120 days since June 27, 2018 | 120 days since Mar 28, 2019 | 120 days since Aug 13, 2019 | 120 days since Nov 11, 2019 | 120 days since Mar 11, 2020 |
| Repurchases | 4,119,451 ADRs @ US$48.52/ADR | 3,997,742 ADRs @ US$32.14/ADR | 2,387,873 ADRs @ US$22.87/ADR | 4,307,692 ADRs @ US$15.06/ADR | 3,576,603 ADRs @ US$12.98/ADR | 2,701,658 ADRs @ US$9.99/ADR |
| Progress | 100% – Completed | 64% – Completed | 55% – Completed | 100% – Completed | 93% – Completed | 100% – Completed |
Capital Stock Reductions
| Shares | ADRs | Date of Shareholders Meeting | Date of Registration |
|---|---|---|---|
| 182,820,250 | 7,312,810 | 2-Oct-2018 | 23-Nov-2018 |
| 151,997,025 | 6,079,881 | 1-Oct-2019 | 7-May-2020 |
| 151,585,025 | 6,063,401 | 7-Apr-2020 | In process |
Note: For further information, see Ownership Breakdown.
Repurchase of Debt Securities
| Security | ISIN | Maturity | Coupon | Amount Issued | Amount Repurchased | Amount Outstanding | Repurchase Price(1) |
|---|---|---|---|---|---|---|---|
| CB Series T – discount at fixed rate | USP7873PAE62 | 2023 | 7.375% | 500.0 | 77.8 | 422.2 | 71.3 |
| CB Series I – discount at fixed rate | USP7464EAA49 | 2027 | 7.5% | 750.0 | 104.1 | 645.9 | 70.8 |
| CB Series III – discount at fixed rate | USP7464EAB22 | 2029 | 9.125% | 300.0 | 7.5 | 292.5 | 78.2 |
| Total Amount | 1,550.0 | 189.4 | 1,360.6 | 71.3 | |||
Note: CB: Corporate Bond. Updated as of June 30, 2020. Amounts in million dolars. All figures have been subject to rounding, so figures shown as totals may not sum. 1. Average clean price of repurchase in US$ per US$100 of Face Value.