<SEC-DOCUMENT>0000931427-19-000003.txt : 20190328
<SEC-HEADER>0000931427-19-000003.hdr.sgml : 20190328
<ACCEPTANCE-DATETIME>20190328101313
ACCESSION NUMBER:		0000931427-19-000003
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190327
FILED AS OF DATE:		20190328
DATE AS OF CHANGE:		20190328

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:		19710372

	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
<TEXT>
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<META NAME="author" CONTENT="Sebastian Hoschbaum">
<META NAME="date" CONTENT="03/28/2019">
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<DIV style="width:589.2px"><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>Washington, DC 20549</B></P>
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<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>_____________</B></P>
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<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>FORM 6-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>Report of Foreign Issuer</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>Pursuant to Rule 13a-16 or 15d-16 of</P>
<P style="margin:0px; font-family:Courier New; 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; font-size:11pt" align=center>For March 27, 2019</P>
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<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>Commission file number: 1-13.396</B></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>Transportadora de Gas del Sur S.A.</B></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>Don Bosco 3672, Fifth Floor</P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>1206 Capital Federal</P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>Argentina</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px; text-indent:28.4px; font-family:Courier New; 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; font-size:11pt" align=center>Form 20-F<U> &nbsp;X </U>&nbsp;Form 40-F<U> &nbsp;&nbsp;</U></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; text-indent:28.4px; font-family:Courier New; 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>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:28.4px; font-family:Courier New; 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>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:28.4px; font-family:Courier New; 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>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>Yes<U> &nbsp;</U>&nbsp;No<U> X &nbsp;</U></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:-0.067px; font-family:Courier New; 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-top:0px; margin-bottom:10.667px; font-family:Book Antiqua,Times New Roman; font-size:12pt; page-break-before:always" align=right>Autonomous City of Buenos Aires, March 27, 2019.</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 (Argentine Securities and Exchange Comission)</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><B>Bolsas y Mercados Argentinos S.A. (Argentine Stock Exchanges and Markets)</B></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><B>Bolsa de Comercio de Buenos Aires (Buenos Aires Stock Exchange)</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 (Technical and Negotiable Securities Management)</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 Act (Ley de Mercado de Capitales) and the Rules of the Argentine Securities and Exchange Commission (Comisi&#243;n Nacional de Valores).</U></I></P>
<P style="margin:8px"><BR></P>
<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 writing to 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 Section 11 of Chapter I, Title II and Section 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 report that on the date hereof the Company&#146;s Board of Directors approved the Company&#146;s stock buyback, in compliance with Section 64 of the Argentine Capital Market Act (<I>Ley de Mercado de Capitales</I>) No. 26,831 &nbsp;(&#147;Act 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 report that by virtue of the ongoing distortion 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, damage is being caused to the interests of shareholders. Therefore, and in order to mitigate the referred impact, the Board of Directors has approved a new stock buyback in view of the Company&#146;s strong 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 terms and conditions of the buyback are described herein below:</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>: to contribute to reducing the distortion existing between the economic value of the Company -measured by its current businesses and those stemming from ongoing projects- and the current quotation price of the Company&#146;s shares in the stock market, which causes damage to 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$ 1,500,000,000 (1.5 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. To date, TGS holds 2,720,156 treasury American Depositary Receipts (ADRs) representative of 13,600,780 TGS common shares, equivalent to 1.71% of the capital stock. In order to comply with the provisions of Section 64 of Act 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 of local stock market transactions</U>: pursuant to the provisions of Act No. 26,831, the daily quantity of shares to be repurchased in the Argentine stock market shall not exceed twenty five percent (25%) of the average daily trading volume (&#147;ADTV&#148;) of TGS shares ninety business days preceding the day of the repurchase.</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 per share</U>: up to a maximum of AR$ 135 (a hundred and thirty five Argentine Pesos) per share in <I>Bolsas y Mercados Argentinos S.A. </I>stock exchange and of US$ 15 (fifteen US dollars) per ADR in the New York Stock Exchange. Furthermore, the Company shall not purchase shares or ADRs at a price exceeding the higher of (i) the highest independent bid or (ii) the last independent transaction price quoted or reported in the consolidated system.</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 net earnings as reflected by the Financial Statements for the fiscal year ended December 31, 2018, which were approved by the Board of Directors meeting No. 544 dated March 7, 2019. Such Financial Statements reflect that TGS has the necessary liquidity to carry out such buyback, without affecting 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 180 (one hundred and eighty) calendar days, calculated as from the business day immediately following the date of publication of the buyback in stock market media, subject to any renewal or extension of the period as approved by the Board of Directors, which shall be disclosed to the investing 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 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>
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<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt; page-break-before:always" align=justify>9. <U>Timing</U>: the Company shall not purchase ADRs (i) as the opening transaction in the ADRs reported in the consolidated system and (ii) during the ten minutes before the scheduled close of the primary trading session in the principal market for the ADRs purchase is effected.</P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>Yours sincerely,</P>
<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>
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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; padding-right:-2.6px; 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; padding-right:-12.333px; 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: March 27, 2018.</P>
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