IRSA Announces Share Repurchase Program
Ticker: IRS-WT · Form: 6-K · Filed: Aug 20, 2024 · CIK: 933267
| Field | Detail |
|---|---|
| Company | Irsa Investments & Representations INC (IRS-WT) |
| Form Type | 6-K |
| Filed Date | Aug 20, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, capital-return, disclosure
TL;DR
IRSA is buying back up to 10% of its own stock to boost shareholder value.
AI Summary
IRSA Inversiones y Representaciones Sociedad Anonima (IRSA) announced a share repurchase program on August 20, 2024. The company, incorporated in the Republic of Argentina, is authorized to repurchase up to 10% of its outstanding shares. This program aims to enhance shareholder value.
Why It Matters
This announcement indicates IRSA's confidence in its stock value and its commitment to returning capital to shareholders, which could positively impact its stock price.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a share repurchase program, which is a common corporate action.
Key Numbers
- 10% — Share Repurchase Authorization (IRSA is authorized to repurchase up to 10% of its outstanding shares.)
Key Players & Entities
- IRSA Inversiones y Representaciones Sociedad Anonima (company) — Registrant
- IRSA Investments and Representations Inc. (company) — Registrant's English name
- Republic of Argentina (company) — Jurisdiction of incorporation
- August 20, 2024 (date) — Announcement date
- 10% (dollar_amount) — Maximum repurchase authorization
FAQ
What is the maximum percentage of outstanding shares IRSA is authorized to repurchase?
IRSA is authorized to repurchase up to 10% of its outstanding shares.
What is the filing date of this Form 6-K?
The filing date is August 20, 2024.
In which country is IRSA incorporated?
IRSA is incorporated in the Republic of Argentina.
What is the primary purpose of this share repurchase program?
The program aims to enhance shareholder value.
What is the SIC code for IRSA?
The Standard Industrial Classification code for IRSA is 6552 (Land Subdividers & Developers).
Filing Stats: 372 words · 1 min read · ~1 pages · Grade level 16 · Accepted 2024-08-20 09:59:32
Filing Documents
- form6k.htm (6-K) — 31KB
- 0001654954-24-010930.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 20 , 2024