IRSA Announces Share Repurchase Program
Ticker: IRS-WT · Form: 6-K · Filed: Aug 8, 2024 · CIK: 933267
Sentiment: neutral
Topics: share-repurchase, foreign-issuer, 6-K
TL;DR
IRSA is buying back its own stock, signaling confidence.
AI Summary
IRSA Inversiones y Representaciones Sociedad Anonima announced a share repurchase program on August 8, 2024. The company, incorporated in the Republic of Argentina, is based in Buenos Aires and operates in the land subdividers and developers sector.
Why It Matters
Share repurchase programs can signal management's confidence in the company's valuation and potentially boost earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine announcement of a share repurchase program and does not contain significant financial or operational changes.
Key Players & Entities
- IRSA Inversiones y Representaciones Sociedad Anonima (company) — Registrant
- IRSA Investments and Representations Inc. (company) — Registrant (English translation)
- Republic of Argentina (company) — Jurisdiction of incorporation
- August 8, 2024 (date) — Filing date
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K is a report of a foreign issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, specifically announcing a share repurchase plan for the month of August 2024.
What is the exact name of the registrant?
The exact name of the registrant is IRSA Inversiones y Representaciones Sociedad Anonima.
In which country is IRSA incorporated?
IRSA is incorporated in the Republic of Argentina.
What is the principal executive office address?
The principal executive office is located at Carlos Della Paolera 261, 9th Floor (C1001ADA), Buenos Aires, Argentina.
What is the SIC code and industry for IRSA?
The Standard Industrial Classification (SIC) code is 6552, and the industry is Land Subdividers & Developers (No Cemeteries).
Filing Stats: 372 words · 1 min read · ~1 pages · Grade level 16 · Accepted 2024-08-08 09:37:20
Filing Documents
- form6k.htm (6-K) — 31KB
- 0001654954-24-010130.txt ( ) — 32KB
SIGNATURES
SIGNATURES     Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.     IRSA Inversiones y Representaciones Sociedad Anónima           By: /s/ Saúl Zang       Saúl Zang       Responsible for the Relationship with the Markets     August 8 , 2024