Banco Macro launches AR$ 225B share buyback program amid market volatility

Published 1 month ago Positive
Banco Macro launches AR$ 225B share buyback program amid market volatility
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* Banco Macro S.A. (NYSE:BMA [https://seekingalpha.com/symbol/BMA]) has announced a share repurchase program to stabilize its stock price.
* The board approved the buyback plan, citing the Bank’s strong liquidity and financial position.
* Maximum investment authorized: AR$ 225B.
* The Bank may repurchase up to 30M Class B shares, representing up to 10% of its capital stock.
* Maximum price per share: AR$ 7,500.
* The buyback period is 60 calendar days, starting the day after publication in the Buenos Aires Stock Exchange Bulletin, with possible extensions.
* Source: Press release [https://seekingalpha.com/pr/20259876-banco-macro-s-a-announces-share-buyback-program]

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