Macro Bank Inc. filed a Form 6-K with the SEC on October 28, 2026, disclosing that the Board of Directors of Banco Macro S.A. has established the terms and conditions for a share repurchase program of up to 20,000,000 Class B common shares.

Key Highlights

  • Maximum investment: The repurchase program is capped at Ps$. 160,000,000,000.
  • Share count limit: Up to 20,000,000 Class B common book-entry shares, each with a par value of AR$ 1 (one Argentine Peso) and entitled to 1 (one) vote each.
  • Maximum price per share: Up to Ps$. 10,700.00 per share.
  • Program duration: 45 calendar days from the date following publication in the Bulletin of the Buenos Aires Stock Exchange, subject to renewal or extension.
  • Capital stock limit: The number of shares to be acquired falls within the Bank's 10% capital stock limit under applicable provisions.
  • Daily volume cap: Acquisitions in any single day may not exceed 25% of the average daily transaction volume of the shares during the 90 business days prior to the repurchase.

Banco Macro Board Sets Terms for Class B Share Repurchase

According to the filing, the Board of Directors of Banco Macro S.A. resolved to establish a share repurchase program under Article 64 of Law No. 26,831 and the Rules of the Comisión Nacional de Valores (CNV). The stated purpose, as disclosed in the filing, is "to protect the value of the shareholders' investment, given that the recent decline in the market price of the shares, does not adequately reflect the fair value of the Bank's assets or their economic potential," and additionally "to reduce volatility in the Bank's share price."

The filing states that the Board cited "the current domestic and international macroeconomic context and the fluctuations in the capital market in general" as factors that have "materially impacted the price of domestic shares, including the quotation of the shares of the Bank." The Board also indicated it considered "the financial strength of the Bank and its liquidity" in reaching its decision. The repurchase is limited to Class B common book-entry shares with a par value of AR$ 1 per share, each carrying one vote.

The filing further discloses that in calculating the 25% daily volume restriction, the Bank will consider, "as it has done in previous situations, the consolidated volume of all the markets in which it operates, both local and international." The program is subject to any renewal or extension, which the filing states "shall be duly informed to the public" in the Buenos Aires Stock Exchange Bulletin. The Form 6-K was signed by Jorge F. Scarinci, Chief Financial Officer of Macro Bank Inc., on October 28, 2026. The filing was submitted under Commission File Number 001-32827.

What Was Disclosed

Macro Bank Inc. reported via Form 6-K that Banco Macro S.A.'s Board of Directors approved a share repurchase program covering up to 20,000,000 Class B common shares at a maximum of Ps$. 10,700.00 per share, with total investment capped at Ps$. 160,000,000,000, running for 45 calendar days.