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MarketScreener Homepage  >  Equities  >  Buenos Aires Stock Exchange  >  YPF Sociedad Anónima    YPFD   ARP9897X1319

YPF SOCIEDAD ANÓNIMA

(YPFD)
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YPF Sociedad Anónima : 10-11-2020 SECAcquisition of Shares by the Company

11/11/2020 | 01:21pm EST

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of November, 2020

Commission File Number: 001-12102

YPF Sociedad Anónima

(Exact name of registrant as specified in its charter)

Macacha Güemes 515

C1106BKK Buenos Aires, Argentina

(Address of principal executive office)

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

YPF Sociedad Anónima

TABLE OF CONTENTS

ITEM

  • Translation of letter to the Buenos Aires Stock Exchange dated November 10, 2020.

Buenos Aires, November 10, 2020

To the

Bolsa de Comercio de Buenos Aires

(Buenos Aires Stock Exchange)

Re: Acquisition of Company Shares by the Company

Dear Sirs:

The purpose of this letter is to comply with the requirements of article 23, Chapter VI of the ByMA Listing Regulations. In that sense, we inform you that the Board of Directors of the Company, at its meeting on November 10, 2020, resolved to approve the terms and conditions for the acquisition by the Company of Company shares, up to an amount of ARS$ 550,000,000 (five hundred fifty million Argentine pesos), in accordance with Article 64 of Law N°26,831 and the rules of the CNV.

The terms and conditions approved by the Board of Directors for the acquisition of the Company's shares are as follows:

  1. Goal: To grant share compensation plans.
  2. Maximum investment amount: Up to AR$550,000,000.
  3. Maximum quantity of shares subject to acquisition: The quantity of ordinary Class D shares of the Company with par value of ten Argentine pesos (ARS$10) and entitled to 1 (one) vote each to be acquired shall depend on the price paid to acquire the shares on the market, quantity that will never exceed 10% of the capital of the Company, in accordance with applicable law.
  4. Daily limit for acquisitions in the market: In accordance with applicable regulation, the daily limit for acquisitions in the market is up to 25% of the average daily trading volume for the stock in the markets on which it is listed for the preceding 90 business days.
  5. Purchase price for the shares: Up to a maximum of AR$870 per share on the Buenos Aires Stock Exchange and US$6.80 per ADR on the New York Stock Exchange.
  6. Term in which the acquisitions will be completed: Within 90 calendar days starting from the business day following the date of publication of the information on the website of the National Securities Commission and the Buenos Aires Stock Exchange, subject to any renewal or extension of the term, which the investing public will be notified of in the same manner.

7. Source of funds: The acquisition of shares will be made with the reserve for the purchase of the Company's shares with amounts up to AR$550 million approved by the General Ordinary and Extraordinary Shareholders' Meeting of April 30, 2020, at the time of approving the financial statements as of December 31, 2019, it being noted that the Company has the necessary liquidity to undertake the aforementioned acquisitions without affecting its solvency.

  1. Number of shares in circulation: For informational purposes, as of November 9, 2020, the Company had 393,312,793 shares in circulation, all of which are fully paid-in and subscribed.
  2. Internal Communication: The directors, members of the Supervisory Committee and senior management will be informed that, because the Company has decided to acquire its own shares, they will not be able to sell Company shares that they own or control directly or indirectly.

It is noted that on April 30, 2020, the General Ordinary and Extraordinary Shareholders' Meeting resolved to exempt the Company from conducting the preemptive rights offering set forth in Article 67 of Law 26,831 in order for the Company to deliver to the personnel the shares previously acquired in accordance with the Long-Term Share Compensation Plan.

Yours faithfully,

Santiago Wesenack

Market Relations Officer

YPF S.A.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

YPF SA published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 18:20:08 UTC


© Publicnow 2020
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Financials
Sales 2020 755 B 8 744 M 8 744 M
Net income 2020 -164 337 M -1 902 M -1 902 M
Net Debt 2020 592 B 6 858 M 6 858 M
P/E ratio 2020 -9,31x
Yield 2020 -
Capitalization 220 B 2 547 M 2 551 M
EV / Sales 2020 1,08x
EV / Sales 2021 0,86x
Nbr of Employees 20 317
Free-Float 49,0%
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Technical analysis trends YPF SOCIEDAD ANÓNIMA
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 873,00 ARS
Last Close Price 560,40 ARS
Spread / Highest target 206%
Spread / Average Target 55,8%
Spread / Lowest Target 4,39%
EPS Revisions
Managers and Directors
NameTitle
Sergio Pablo Antonio Affronti Chief Executive Officer & Director
Guillermo Emilio Nielsen Independent Chairman
Carlos Alberto Alfonsi Executive VP-Operations & Transformations
Alejandro Lew Chief Financial Officer
Sergio Fernández Díaz Chief Technology Officer
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