<SEC-DOCUMENT>0000931427-18-000014.txt : 20180510
<SEC-HEADER>0000931427-18-000014.hdr.sgml : 20180510
<ACCEPTANCE-DATETIME>20180509174316
ACCESSION NUMBER:		0000931427-18-000014
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180509
FILED AS OF DATE:		20180510
DATE AS OF CHANGE:		20180509

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAS TRANSPORTER OF THE SOUTH INC
		CENTRAL INDEX KEY:			0000931427
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13396
		FILM NUMBER:		18819706

	BUSINESS ADDRESS:	
		STREET 1:		DON BOSCO 3672 5TH FLR
		STREET 2:		1206 CAPITAL FEDERAL
		CITY:			ARGENTINA
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		005401148659050X1093

	MAIL ADDRESS:	
		STREET 1:		DON BOSCO 3672 5TH FLR
		STREET 2:		CAPITAL FEDERAL
		CITY:			ARGENTINA
		STATE:			C1
		ZIP:			1206
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tgs.htm
<DESCRIPTION>MATERIAL FACT
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<META NAME="author" CONTENT="Sebastian Hoschbaum">
<META NAME="date" CONTENT="05/09/2018">
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Washington, DC 20549</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>_____________</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>FORM 6-K</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Report of Foreign Issuer</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Pursuant to Rule 13a-16 or 15d-16 of</P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>the Securities and Exchange Act of 1934</P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>For May 9, 2018</P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Commission file number: 1-13.396</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Transportadora de Gas del Sur S.A.</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Don Bosco 3672, Fifth Floor</P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>1206 Capital Federal</P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Argentina</P>
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<P style="margin:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; font-size:11pt" align=justify>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Form 20-F<U> &nbsp;X </U>&nbsp;Form 40-F<U> &nbsp;&nbsp;</U></P>
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<P style="margin:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; font-size:11pt" align=justify>Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __</P>
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<P style="margin:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; font-size:11pt" align=justify>Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __</P>
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<P style="margin:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; font-size:11pt" align=justify>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to the Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Yes<U> &nbsp;</U>&nbsp;No<U> X &nbsp;</U></P>
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<P style="margin:0px; padding-right:-0.067px; font-family:Courier New,Times New Roman; font-size:11pt">If &quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=right>City of Buenos Aires, May 9, 2018.</P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman" align=right>DAL N&#176; 521/18</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt">Messrs.</P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><B>Comisi&#243;n Nacional de Valores</B></P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><B>Bolsas y Mercados Argentinos S.A.</B></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><B>Bolsa de Comercio de Buenos Aires</B></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><B>Gerencia T&#233;cnica y de Valores Negociables</B></P>
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<P style="margin-top:8px; margin-bottom:8px; padding-left:0.333px; text-indent:-0.333px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><I><U>Re: Material Fact. Stock BuyBack in compliance with Article 64 of Argentine Capital Market Law (Ley de Mercado de Capitales) and the Rules of the Argentine Securities and Exchange Commission (Comisi&#243;n Nacional de Valores)</U></I></P>
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<P style="margin-top:8px; margin-bottom:8px; text-indent:0.333px; font-family:Book Antiqua,Times New Roman; font-size:12pt">Dear Sir<B>s,</B></P>
<P style="margin-top:8px; margin-bottom:8px; text-indent:0.333px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>I am contacting you, in my capacity as Head of Market Relations of Transportadora de Gas del Sur S.A. (&#147;TGS&#148; or the &#147;Company&#148;), in compliance with Article 11 of Chapter I, Title II and Article 2, Chapter I, Title XII of the Rules of the Argentine Securities and Exchange Commission (<I>Comisi&#243;n Nacional de Valores</I> (&#147;CNV&#148;) (T.O. 2013), in order to inform you that on the date hereof the Company&#146;s Board of Directors approved the Company&#146;s stock buyback, in compliance with Article 64 of the Argentine Capital Market Law (<I>Ley de Mercado de Capitales</I>) No. 26,831 &nbsp;(&#147;Law No. 26,831&#148;) and CNV Rules.</P>
<P style="margin-top:8px; margin-bottom:8px; text-indent:0.333px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>We inform you that by virtue of the distortion existing between the economic value of the Company, measured by its current businesses and those arising from ongoing projects, and the current quotation price of the Company&#146;s shares in the market, an impairment to the interests of shareholders has been generated. &nbsp;Therefore, and in order to mitigate the referred impact, the Board of Directors has approved the stock buyback in view of the Company&#146;s solid cash position and investments. </P>
<P style="margin-top:8px; margin-bottom:8px; text-indent:0.333px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>The buyback&#146;s terms and conditions are described hereinbelow:</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>1. <U>Purpose</U>: contribute to reducing the distortion existing between the economic value of the Company, measured by its current businesses and ongoing projects, and the current quotation price of the Company&#146;s shares in the market, which results in an impairment in the interests of its shareholders.</P>
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<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>2. <U>Maximum amount to be invested</U>: up to AR$ 1,700,000,000 (One point Seven Billion Argentine Pesos).</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>3. <U>Maximum number of shares or maximum stake in the capital stock to be subject to the buyback</U>: treasury shares may not exceed, in the aggregate, 10% of the capital stock (currently, the Company has no treasury shares). In order to comply with Article 64 of Law No. 26,831, the shares to be acquired are fully paid-up.</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>4. <U>Daily limit for Argentine market transactions</U>: pursuant to the provisions of Law No. 26,831, the limit is of up to 25% of the average volume of daily transactions of shares during the immediately preceding 90 (ninety) business day period.</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>5. <U>Price to be paid for the shares</U>: up to a maximum of AR$ 95 (ninety five Argentine Pesos) per share in Bolsas y Mercados Argentinos S.A. and of US$ 20 (twenty US dollars) per ADR in the New York Stock Exchange. </P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>6. <U>Origin of the funds</U>: the buyback shall be made out of liquid and realized profits, as reflected by the Financial Statements for the quarterly period ended March 31, 2018, approved by the Board of Directors meeting No. 525 of even date hereof. Such Financial Statements reflect that TGS has the necessary liquidity to carry out such buyback, without impairing its solvency.</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>7. <U>Period for implementing the buyback</U>: the Company shall carry out the buyback during a period of 120 (one hundred and twenty) calendar days, calculated as from the business day immediately following the date of publication of the buyback in market communication means, subject to any renewal or extension of the period as approved by the Board of Directors, which shall be disclosed to the investor public by such means. &nbsp;</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>8. <U>Internal notification</U>: Directors, statutory auditors (<I>s&#237;ndicos) </I>and senior managers shall be informed that, during the effective period of the Company&#146;s buyback, they may not sell any shares they hold and/or manage, either directly or indirectly, in TGS during the referred period.</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>Yours sincerely,</P>
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<P style="margin:0px; padding-left:9.467px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=center><B>Hern&#225;n Diego Flores G&#243;mez</B></P>
<P style="margin:0px; padding-left:9.467px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=center><B>Head of Market Relations </B></P>
<P style="margin:0px; padding-left:9.467px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=center><B>Transportadora de Gas del Sur S.A.</B></P>
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<P style="margin:0px; padding-left:23.8px; font-family:Courier New; font-size:11pt" align=center><B>SIGNATURES</B></P>
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<P style="margin:0px; font-family:Courier New; font-size:11pt" align=justify>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.</P>
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<P style="margin:0px; font-family:Courier New; font-size:11pt" align=right>Transportadora de Gas del Sur S.A.</P>
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<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=36.933 /><TD width=3.067 /><TD width=59.933 /><TD width=270.467 /></TR>
<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; font-family:Courier New; font-size:11pt"><B>By:</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=333.467 colspan=3><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>/s/Alejandro M. Basso</P>
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<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=36.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=3.067><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; font-family:Courier New; font-size:11pt">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; font-family:Courier New; font-size:11pt">Alejandro M. Basso</P>
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<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=3.067><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; font-family:Courier New; font-size:11pt">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; font-family:Courier New; font-size:11pt" align=justify><B>Vice President of Administration, Finance and Services</B></P>
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<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=47.2 /><TD width=56.733 /><TD width=269.733 /><TD width=1 /></TR>
<TR><TD style="margin-top:0px" valign=top width=47.2><P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt"><B>By:</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=327.467 colspan=3><P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>/s/Hern&#225;n D. Flores G&#243;mez</P>
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<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=47.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=56.733><P style="margin:0px; font-family:Courier New; font-size:11pt">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=270.733 colspan=2><P style="margin:0px; font-family:Courier New; font-size:11pt">Hern&#225;n Diego Flores G&#243;mez</P>
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<TR><TD style="margin-top:0px" valign=top width=47.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=56.733><P style="margin:0px; font-family:Courier New; font-size:11pt">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=270.733 colspan=2><P style="margin:0px; font-family:Courier New; font-size:11pt"><B>Legal Affairs Vice President</B></P>
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<P style="margin:0px; font-family:Courier New; font-size:11pt" align=justify>Date: May 9, 2018.</P>
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