Cecilia Grierson 355, 4th Floor
Zip Code C1107CPG – Capital Federal
Republic of Argentina
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(Address of principal executive offices)
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Table of Contents | ||
Item
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Description
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1
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Loma Negra relevant event
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Loma Negra Compañía Industrial Argentina Sociedad Anónima |
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Date: December 21, 2021
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By:
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/s/ Marcos I. Gradin | |
Name: | Marcos I. Gradin |
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Title: |
Chief Financial Officer |
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Cecilia Grierson 355 4° piso
(1107) – Cdad. Autónoma de Bs. As.
Tel +54 11 4319-3000
www.lomanegra.com.ar
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Ref.: LOMA NEGRA C.I.A.S.A. – Relevant Event
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1.
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Purpose: Efficiently apply
a portion of the Company´s cash position which may result in a greater return of value for its shareholders considering the current attractive value of the share, with the additional possibility of allocating part of the acquired
shares to implement specific compensation programs or plans.
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2.
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Maximum amount to invest:
Up to AR$ 900.000.000 (Argentine Pesos Nine Hundred Million) or such lower amount that derives from the repurchase of up to 10% of Company’s capital stock.
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3.
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Maximum amount of shares or maximum
percentage of the Company’s capital stock to be repurchased: Repurchased shares in treasury shall never surpass the limit of 10% of the capital stock in accordance with Section 64 of LMC. All of the shares issued by the
Company are fully paid.
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4.
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Daily limit of the transactions in
the Argentine Market: According to Section 66 of LMC, the daily quantity of shares to be repurchased in the Argentine Market shall not exceed twenty-five percent (25%) of the share’s average daily trading volume for the
90 (ninety) prior trading days.
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5.
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Price to be paid per share:
Up to AR$ 310 (Argentine Pesos Three Hundred and Ten) per share in Bolsas y Mercados S.A. (Buenos Aires Stock Exchange) and up to USD 7.5 (Seven United States Dollars and Fifty Cents) per American Depositary Receipt in the New York
Stock Exchange.
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6.
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Source of funding: The
repurchase shall be carried out with realized and liquid earnings as per the Financial Statements as of September 30, 2021 which were approved by Board’s Resolution of November 11, 2021. The Company has the liquidity needed to carry
out the aforementioned acquisitions without affecting its solvency.
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7.
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Period in which the acquisitions will
be carried out: The Company will carry out the share repurchase for a 60 (sixty) day period which will be counted after one Argentine business day has elapsed following the date of disclosure of the relevant event
informing the repurchase plan to the market and subject to any period renewal or extension approved by the Board of Directors, which will be duly informed.
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Cecilia Grierson 355 4° piso
(1107) – Cdad. Autónoma de Bs. As.
Tel +54 11 4319-3000
www.lomanegra.com.ar
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8.
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Internal communication: As
long as the share repurchase plan is in place, directors, statutory auditors and managers will be informed that they are forbidden to sell their own shares —whether directly or indirectly held— while the plan is in force.
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