FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of May, 2024
Commission File Number: 0-30852
GRUPO FINANCIERO GALICIA S.A.
(the "Registrant")
Galicia Financial Group S.A.
(translation of Registrant's name into English)
Tte. Gral. Juan D. Peron 430, 25th Floor
(CP1038AAJ) Buenos Aires, 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 whether by furnishing the information contained in this
form, the Registrant is also thereby furnishing the information to the
Securities and Exchange Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
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Yes No
If "Yes" is marked, indicate below the file number assigned to the Registrant
in connection with Rule 12g3-2(b): 82-
FORM 6-K
Commission File No. 0-30852
Month Filed Event and Summary Exhibit No.
May, 2024 Notice of Material Event, dated April 29, 2024, regarding an 99.1
administrative procedure filed by the Argentine Securities Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
GRUPO FINANCIERO GALICIA S.A.
(Registrant)
Date: May 22, 2024 By: /s/
Name: [.]
Title: [.]
Exhibit 99.1
Grupo Financiero Galicia S.A.
CUIT: 30-70496280-7
Autonomous City of Buenos Aires, May 22, 2024.
To:
Comision Nacional de Valores (Argentine Securities Commission)
Ref.: Notice of Material Event, dated April 30, 2024, regarding an
administrative procedure filed by the Argentine Securities Commission.
To whom it may concern,
We are writing to inform you regarding the administrative procedure initiated
on April 30, 2024, by the Comision Nacional de Valores (the "CNV"), the
Argentine Securities Commission, under case file number 87/2024 (the
"Administrative Procedure"), against our subsidiary, Banco de Galicia y Buenos
Aires S.A.U. (the "Bank"), six of its directors and three of its trustees;
Galicia Securities S.A.U. and its directors and trustees; and Inviu S.A.U. and
its directors and trustees.
We inform that, on such date, the Bank was notified of the commencement of the
Administrative Procedure which alleges that, through a series of transactions
that occurred on February 19, 2024 and February 20, 2024, conducted by and
among the Bank, Galicia Securities S.A.U. and Inviu S.A.U., (all entities
under the control of the Registrant), the Bank manipulated the market for the
Dual Bond that matures on January 25, 2025 ("TDE25"). Specifically, according
to the allegations set forth in the Administrative Procedure, the consummation
of the noted transactions resulted in the Bank exercising its put right in
respect of the TDE25 at an alleged inflated value of VN$ 113 million on
February 21, 2024, allegedly exceeding the amount that would have otherwise
been payable to the Bank had the transactions on February 19th and 20th not
occurred. The CNV alleges that the arranged transactions infringed Article
117, subsection "b" of the Argentine Capital Market Law No. 26,831, Article 2,
subsections "a," "b," and "c" of Section II of Chapter III of Title XII of the
CNV Standards, and Article 59 of the Argentine Commercial Companies Law No.
19,550. The Administrative Procedure estimates the fine to be due and payable
by the Bank, to the extent that the position of the CNV prevails, at AR$
23,072 million.
The Bank and the other defendants are currently analyzing the substance of the
Administrative Procedure both internally and with external counsel and are in
the process of preparing their respective response to such allegations.
Additionally, the Bank expects to book a reserve in connection with the
potential outcome of such a proceeding.
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Exhibit 99.1
Any unfavorable resolution of the Administrative Procedure is not expected to
have a material adverse effect on the Registrant's results of operations.
Yours faithfully,
A. Enrique Pedemonte Attorney in fact
Grupo Financiero Galicia S.A.
This constitutes an unofficial English translation of the original Spanish
document. The Spanish document shall govern all respects, including
interpretation matters.
Tte. Gral. Peron 430, 25degree piso (C1038AAJ) Buenos Aires - Argentina Tel.
4343-7528 Fax 4331-9183
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