#Argentina #Buenos Aires #Financial Services #Banco Macro #S.A.

Banco Macro S.A. Unveils Share Buyback Program

Banco Macro S.A., one of Argentina's prominent banking institutions, has made a significant announcement regarding its decision to initiate a share buyback program. This move is aimed at providing stability and support to its shareholders amid the fluctuating economic landscape. In a statement released on October 28, 2026, the Board of Directors of Banco Macro elaborated on the reasons and framework for this undertaking.

Purpose of the Share Buyback Program

The primary objective behind this share repurchase initiative is to safeguard the interests of the bank's investors. The board noted that the recent decline in market prices does not accurately reflect the true value of its assets or their potential for growth. By executing this buyback, Banco Macro seeks to enhance shareholder value, reduce the volatility associated with its stock, and ensure that investor confidence remains intact.

Financial Framework of the Initiative

The bank's board has established specific terms under which the share repurchase will occur:

• - Investment Cap: Banco Macro has allocated a maximum investment of up to Ps$. 160 billion.
• - Shares to be Acquired: The program targets the buyback of up to 20 million Class B common shares, each with a nominal value of AR$ 1, which entitles each share to one vote, thereby operating within the legal cap of 10% of its total capital stock.
• - Maximum Purchase Price: The maximum price set for these shares will be up to Ps$. 10,700.00.
• - Acquisition Period: The buyback program will be valid for a duration of 45 calendar days, commencing the day after the publication of the relevant details in the Buenos Aires Stock Exchange Bulletin. Any renewals or extensions will also be communicated to the public through the same bulletin.

The board also highlighted that as per relevant regulations, the bank will limit daily purchases to no more than 25% of the average daily trading volume over the last 90 business days. This is to ensure a measured and strategic approach to the buyback, adjusting for market conditions.

Broader Economic Context

The decision to initiate this buyback program comes in light of the challenging macroeconomic conditions both domestically and internationally. Conditions in the capital markets have largely influenced stock pricing, prompting proactive measures from institutions like Banco Macro to stabilize their financial standing.

Considering the financial strength and liquidity of Banco Macro, this repurchase program is not just a protective measure but a strategic step toward reinforcing investor confidence in the bank's market proposition. By ensuring that share prices are reflective of the underlying asset values, Banco Macro aims to create a more favourable trading environment for its investors.

As an established entity in the Argentine banking sector, Banco Macro's commitment to its stakeholders through this share buyback program is expected to foster a more resilient market perception, aligning the bank’s stock value more closely with its intrinsic worth. This strategic initiative is poised to signal to current and potential investors that Banco Macro is taking deliberate steps to navigate the complexities of the current economic climate effectively.

Conclusion

In conclusion, Banco Macro S.A.'s share buyback program is a significant development that aims to protect shareholder investments while responding strategically to fluctuations in the economic landscape. By employing a fiscal approach that prioritizes market stability and shareholder value enhancement, the bank is affirming its commitment to maintaining strong financial health and prudent capital management amidst uncertainties in the global economy.