Grupo Supervielle Files Routine 6-K with SEC

TL;DR

Supervielle (SUPV) filed a 6-K, confirming 20-F annual report filings. Standard procedure.

AI Summary

Grupo Supervielle S.A. filed a Form 6-K on April 22, 2024, to report its status as a foreign issuer. The filing confirms that the company, headquartered at Reconquista 330, Buenos Aires, Argentina, will file its annual reports under cover of Form 20-F. This is a routine filing for foreign private issuers registered with the SEC.

Why It Matters

This filing is a standard procedural document for foreign companies listed on US exchanges, indicating their compliance with SEC reporting requirements.

Risk Assessment

Risk Level: low — This is a routine administrative filing and does not contain new financial or operational information that would typically impact risk.

Key Players & Entities

• Grupo Supervielle S.A. (company) — Registrant
• Supervielle Group S.A. (company) — English translation of registrant's name
• Reconquista 330 (location) — Principal executive offices address
• Buenos Aires (location) — City of principal executive offices
• Argentina (location) — Country of principal executive offices
• Form 6-K (document) — Filing type
• Form 20-F (document) — Annual report cover

FAQ

Key Financial Figures

• $4,000,000,000 — maximum amount to be invested will be AR$4,000,000,000 (Four Billion Argentine Pesos) or the l
• $8 — per share will be up to a maximum of US$8 (Eight United States Dollars) per ADR i
• $1,600 — Stock Exchange and up to a maximum of AR$1,600 (One Thousand Six Hundred Argentine Pes

Filing Documents

• tmb-20240422x6k.htm (6-K) — 36KB
• tmb-20240422x6k001.jpg (GRAPHIC) — 3KB
• 0001517399-24-000015.txt ( ) — 42KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of April, 2024 Commission File Number: 001-37777 GRUPO SUPERVIELLE S.A. (Exact name of registrant as specified in its charter) SUPERVIELLE GROUP S.A. (Translation of registrant's name into English) Reconquista 330 C1003ABG Buenos Aires Republic of Argentina (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No GRUPO SUPERVIELLE S.A. TABLE OF CONTENTS Item 1. Grupo Supervielle S.A. – Acquisition of own shares in the terms of article 64 of the Capital Markets Law and the Argentine National Securities Commission regulations Autonomous City of Buenos Aires, April 22, 2024 Messrs. Comisin Nacional de Valores Bolsas y Mercados Argentinos S.A. Mercado Abierto Electrnico S.A. Present Ref. : Relevant Fact – Acquisition of own shares in the terms of article 64 of the Capital Markets Law and the Argentine National Securities Commission regulations To whom it may concern, Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV) , ("Supervielle" or the "Company") a universal financial services group in Argentina with a nationwide presence, announces that, in accordance with article 11 of Chapter I, Title II and article 2, Chapter I, Title XII of the National Securities Commission ("Comisin Nacional de Valores" or "CNV") Regulations (AR 2013), on April 19, 2024, the Companys Board of Directors (the "Board"), approved a program for the repurchase of own shares, in accordance with Article 64 of Law 26.831 and the CNV Regulations (the "Program"). To make such a decision, the following were taking into account: (i) the current local macroeconomic environment; (ii) the current trading price of shares that have not yet reflect yet the real value of the Companys assets or their potential; and (iii)an environment of negative real interest rates in the local market. The objective of the Program is to contribute to the strengthening of shares in the market and reduce fluctuations in their quoted value that do not reflect their real value, also resulting in a viable and efficient alternative to allocate the Companys excess cash position for the benefit of the Company and its shareholders The repurchase of shares represents the continued confidence and the conviction of the Board of Directors and management in the execution of the Company's strategic priorities and in its valuation. It is noted that the Company has the liquidity necessary to perform the own shares acquisition program and that an adequate level of solvency would be maintained after the execution of the Program. Below it is described the Programs terms and conditions: 1. The purpose of the repurchase program will be: i) to contribute to reducing the difference between the Companys fair value based on its assets value and the quoted price from stock exchange, seeking to strengthen its market performance by efficiently applying the Companys liquidity in an environment of negative real interest rates; and/or, ii) the execution of a compensation program for key officials approved today by the the Ordinary and Extraordinary Shareholders Meeting of April 19, 2024. 2. The maximum amount to be invested will be AR$4,000,000,000 (Four Billion Argentine Pesos) or the lower amount that reaches the repurchase of 10% of the capital stock including for the purposes of calculating said percentage the shares that the Company already holds. 3. The shares acquired and held by the Company shall never surpass, as a whole, the limit of ten per cent (10%) of Grupo Supervielles capital stock. In accordance with article 64 of Law 26,831, the shares to be acquired are fully paid-in. 4. The amount of the acquisitions in the Argentine market may not exceed twenty-five (25%) of the Companys shares average daily trading volume during the previous 90 (ninety) business days in accordance with the provisions of the Law 26,831. 5. The price to be paid per share will be up to a maximum of US$8 (Eight United States Dollars) per ADR in the New York Stock Exchange and up to a maximum of AR$1,600 (One Thousand Six Hundred Argentine Pesos) per Class B share in Bolsas y Mercados Argentinos S.A. 6. The acquisition will be made with realized and liquid earnings and/or with the Companys Voluntary Reserve, as per the Financial Statements as of December 31, 2023. It is noted that the Company has the liquidity necessary to perform the aforementioned acquisitions without

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View this 6-K filing on SEC EDGAR