UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
SEC FILE NUMBER
0-30852
CUSIP NUMBER
399909100
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(
Check One
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☐ Form 10-K ☒ Form 20-F ☐ Form
11-K ☐ Form 10-Q
☐ Form 10-D ☐ Form
N-SAR ☐ Form N-CSR
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For Period Ended:
December 31, 2018
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☐ Transition Report on Form 10-K
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☐ Transition Report on Form 20-F
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☐ Transition Report on Form 11-K
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☐ Transition Report on Form 10-Q
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☐ Transition Report on Form N-SAR
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For the Transition Period Ended: _____________________
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Nothing in this form shall be construed to imply that the Commission has verified any information contained
herein.
If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:
PART I REGISTRANT
INFORMATION
Grupo Financiero Galicia S.A.
Full name of registrant
Former name if applicable:
Tte. Gral. Juan D. Perón 430, 25
th
Floor
Address of principal executive office
Buenos Aires, Argentina (CP1038AAJ)
City, state and zip code
PART II RULES
12b-25
(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25
(b), the following should be completed. (Check box if appropriate.)
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☒
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The subject annual report, semi-annual report, transition report on Form
10-K,
Form
20-F,
Form
11-K,
Form
N-SAR
or Form
N-CSR,
or portion thereof, will be filed on or before the
fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form
10-Q
or subject distribution report on Form
10-D,
or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
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(c)
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The accountants statement or other exhibit required by Rule
12b-25(c)
has been attached if applicable.
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PART III NARRATIVE
State below in
reasonable detail why Forms
10-K,
20-F,
11-K,
10-Q,
10-D,
N-SAR,
N-CSR,
or the transition report or portion thereof, could not be filed within the prescribed time period.
Grupo Financiero Galicia S.A. (the Company) is notifying the Securities and Exchange Commission that the Company is utilizing Rule
12b-25,
which allows for a filing of its Annual Report on Form
20-F
for the year ended December 31, 2018 (the Form
20-F)
to be deemed timely if filed within the
15-day
extension period.
As a result of the first time application of IFRS Standards in the preparation of the Companys financial statements, the Company is unable to timely
file its Form 20-F. In addition, as a result of Argentina being qualified as a hyperinflationary economy in 2018 and as the Company uses the Argentine Peso as its functional currency, the Company is therefore required to apply IAS 29
(Financial Reporting in Hyperinflationary Economies) for accounting periods ending on or after July 1, 2018. Due to the considerable time and resources required to be devoted by management and the administrative requirements related
to the application of IFRS Standards and IAS 29 and the restatement of its financial statements, the Company has been unable to complete the preparation of its
20-F
without unreasonable effort or expense and
the restatement procedures are still in process.
PART IV OTHER INFORMATION
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(1)
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Name and telephone number of person to contact in regard to this notification.
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Pedro A. Richards
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5411
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4 343 7528
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
[X] Yes [ ] No
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(3)
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Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
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If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if
appropriate, state the reasons why a reasonable estimate of the results cannot be made.
The Company expects that the application to IFRS
Standards and the adjustments related to the application to IAS 29 will significantly impact its financial statements however, as such restatement procedures remain in process, the Company is unable to provide a quantitative estimate of such
changes.
Grupo Financiero Galicia S.A.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: April 30, 2019
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By:
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/s/
Pedro A. Richards
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Name:
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Pedro A. Richards
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Title:
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Chief Executive Officer
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