<SEC-DOCUMENT>0000931427-19-000059.txt : 20191119
<SEC-HEADER>0000931427-19-000059.hdr.sgml : 20191119
<ACCEPTANCE-DATETIME>20191119145837
ACCESSION NUMBER:		0000931427-19-000059
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20191119
FILED AS OF DATE:		20191119
DATE AS OF CHANGE:		20191119

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:		191230816

	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>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:589.2px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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; 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>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=center><B>_____________</B></P>
<P style="margin:0px"><BR></P>
<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>
<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>For November 19, 2019</P>
<P style="margin:0px" align=center><BR></P>
<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>
<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 whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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>
<P style="margin:8px" align=right><BR></P>
<P style="margin-top:0px; margin-bottom:10.667px"><BR></P>
<P style="margin:0px" align=right><BR>
<BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=right>Autonomous City of Buenos Aires, November 19, 2019.</P>
<P style="margin:8px"><BR></P>
<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</B><B> Nacional de </B><B>Valores</B><B> (Argentine Securities and Exchange </B><B>Commission</B><B>)</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:12pt"><B>Bolsas</B><B> y </B><B>Mercados</B><B> </B><B>Argentinos</B><B> 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</B><B> </B><B>T&#233;cnica</B><B> y de </B><B>Valores</B><B> </B><B>Negociables</B><B> (Technical and Negotiable Securities Management)</B></P>
<P style="margin:8px"><BR></P>
<P style="margin-top:8px; margin-bottom:8px; padding-left:0.333px; text-indent:283.2px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify><B><I><U>Re</U></I></B><B><I><U>: </U></I></B><B><I><U>Material </U></I></B><B><I><U>Fact</U></I></B><B><I><U>. </U></I></B><B><I><U>Stock Buyb</U></I></B><B><I><U>ack</U></I></B><B><I><U> </U></I></B><B><I><U>in compliance with</U></I></B><B><I><U> </U></I></B><B><I><U>Section</U></I></B><B><I><U> 64 of </U></I></B><B><I><U>the </U></I></B><B><I><U>Argentine Capital Market </U></I></B><B><I><U>Act</U></I></B><B><I><U> (</U></I></B><B><I><U>Ley de Mercado de </U></I></B><B><I><U>Capitales</U></I></B><B><I><U>) and the Rules of the Argentine Securities </U></I></B><B><I><U>and </U></I></B><B><I><U>Exchange Commission (</U></I></B><B><I><U>Comisi&#243;n</U></I></B><B><I><U> Nacional de </U></I></B><B><I><U>Valores</U></I></B><B><I><U>)</U></I></B><B><I><U>.</U></I></B></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:3.8px; 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. (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>TGS<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> or the <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>), in compliance with the provisions of Section 2, Chapter I, Title XII and Section 11, Chapter I, Title II of the Rules of the Argentine Securities and Exchange Commission (<I>Comisi&#243;n</I><I> Nacional de </I><I>Valores</I> (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>CNV<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) (NT 2013), in order to report that on the date hereof the Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s Board of Directors approved:</P>
<P style=margin-top:17.467px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:0.333px; width:48.333px; font-family:Calibri,Times New Roman; font-size:11pt; float:left">(i)</P>
<P style="margin-top:0px; margin-bottom:8.733px; padding-left:48.333px; text-indent:-2px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>The cancellation, as from the close of trading in the stock exchange on November 20, 2019, of the Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s stock buyback under the terms and conditions approved by the Board of Directors in its meeting held on August 26, 2019 and</P>
<P style=margin-top:17.467px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:0.333px; width:48.333px; font-family:Calibri,Times New Roman; font-size:11pt; clear:left; float:left">(ii)</P>
<P style="margin-top:0px; margin-bottom:8.733px; padding-left:48.333px; text-indent:-2px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>A new stock buyback program, in view of the Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s strong cash position and investments and of the ongoing distortion between the economic value of the Company -measured by its current businesses and those stemming from ongoing projects- and the quoted price of the Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s shares in the stock exchange, which causes damage to the interests of shareholders. The new stock buyback program is in compliance with Section 64 of the Argentine Capital Market Act (<I>Ley de Mercado de </I><I>Capitales</I>) No. 26,831 (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Act No. 26,831<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) 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; clear:left" 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 quoted price of the Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s shares in the stock exchange, which causes damage to the interests of shareholders.</P>
<P style="margin-top:16px; margin-bottom:8px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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$ 4,000,000,000 (4 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 </U><U>subject to the buyback</U>: treasury shares may not exceed, in the aggregate, 10% 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. As of November 13, 2019, TGS held 97,280 treasury American Depositary Receipts (ADRs) representative of 486,400 TGS common shares, equivalent to 0.06% of the capital stock. </P>
<P style="margin-top:16px; margin-bottom:8px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=justify>4. <U>Daily </U><U>limit</U><U> </U><U>of</U><U> </U><U>local </U><U>stock m</U><U>arket</U><U> 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 share<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s average daily trading volume (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>ADTV<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) for the 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>Pr</U><U>ice to be paid per </U><U>share</U>: up to a maximum of AR$ 130 (one hundred and thirty Argentine Pesos) per share in <I>Bolsas</I><I> y </I><I>Mercados</I><I> </I><I>Argentinos</I><I> S.A. </I>stock exchange and of US$ 10.50 (ten point fifty 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>Source of funding</U>: the buyback shall be made out of realized and liquid earnings and/or the Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s Voluntary reserve for Capital Expenditures, Stock Buyback and/or Dividends, as per the Condensed Interim Consolidated Financial Statements as of September 30, 2019, which were approved by the Board of Directors meeting held on November 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 </U><U>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 stock exchange 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 </U><U>n</U><U>otification</U>: Directors, statutory auditors, senior managers and employees shall be informed that, during the effective period of the Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>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>9. <U>Timing</U>: The Company shall not purchase ADRs (i) in the case of the opening transaction in the reported in the consolidated system and (ii) during the ten minutes before the scheduled close of the primary trading session in the market where the purchase is carried out.</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:8px" align=justify><BR></P>
<P style="margin:8px" align=justify><BR></P>
<P style="margin:8px" align=justify><BR></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 </B><B>Market Relations </B></P>
<P style="margin-top:0px; margin-bottom:10.667px"><BR></P>
<P style="margin:0px; padding-left:23.8px; font-family:Courier New; font-size:11pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<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>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=right>Transportadora de Gas del Sur S.A.</P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<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=23 /><TD width=270.467 /><TD width=40 /></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>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=59.933 colspan=2><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>
</TD><TD style="margin-top:0px" valign=top width=40><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=59.933 colspan=2><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>Chief Financial Officer and Services Vice President</B></P>
</TD><TD style="margin-top:0px" valign=top width=40><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
</TABLE></DIV>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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=9.533 /><TD width=270.733 /><TD width=46.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=47.2><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=326.467 colspan=3><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>/s/Hern&#225;n D. Flores G&#243;mez</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=56.733 colspan=2><P style="margin:0px; font-family:Courier New; font-size:11pt">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=270.733><P style="margin:0px; font-family:Courier New; font-size:11pt">Hern&#225;n Diego Flores G&#243;mez</P>
</TD><TD style="margin-top:0px" valign=top width=46.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=56.733 colspan=2><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><P style="margin:0px; font-family:Courier New; font-size:11pt"><B>Legal Affairs Vice President</B></P>
</TD><TD style="margin-top:0px" valign=top width=46.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
</TABLE></DIV>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Courier New; font-size:11pt" align=justify>Date: November 19, 2019.</P>
<P style="margin:0px; font-family:Calibri,Times New Roman; font-size:12pt">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: E49700BC -->
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
