Buyback Programs

recompras

Share Buyback Programs

Current Program

Share Buyback Program VII Program
Maximum amount for repurchase AR$3.6 billion
Maximum price AR$67.34/ordinary share or US$13/ADR
Period in force 120 days since Jul 1, 2020
Status In process

Note: Information updated as of August 11, 2020.

 

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% 500.0 103.4 396.6 74.7
CB Series I – discount at fixed rate USP7464EAA49 2027 7.5% 750.0 105.7 644.3 71.0
CB Series III – discount at fixed rate USP7464EAB22 2029 9.125% 300.0 7.5 292.5 78.2
Total Amount 1,550.0 216.6 1,333.4 73.0

Note: CB: Corporate Bond. Updated as of July 31, 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.