Buyback Programs

recompras

Share buyback programs

Current program

Share buyback program VIII Program
Maximum amount for repurchase US$30 million
Maximum price for repurchase AR$85.20/ordinary share or US$15/ADR
Period in force 120 days since Nov 3, 2020
Status In process

Note: Information updated as of December 28, 2020.

 

Former programs

 

Capital stock reductions

Date of shareholders’ meeting Ordinary shares ADRs Date of effective cancellation
2-Oct-2018 182,820,250 7,312,810 23-Nov-2018
1-Oct-2019 151,997,025 6,079,881 7-May-2020
7-Apr-2020 151,585,025 6,063,401 In process
10-Dec-2020 140,786,959 5,631,478 In process

Note: For further information, see ownership breakdown.

Repurchase of debt securities
Security Maturity Coupon Amount issued Amount repurchased Amount outstanding Repurchase price(1)
CB Series T – discount at fixed rate 2023 7.375% 500.0 110.4 389.6 75.4
CB Series I – discount at fixed rate 2027 7.5% 750.0 114.0 636.0 70.9
CB Series III – discount at fixed rate 2029 9.125% 300.0 7.5 292.5 78.2
Total Amount 1,550.0 231.9 1,318.1

Note: CB: Corporate Bond. Updated as of November 11, 2020. Amounts in million dollars. 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.