BRF SA (BRFS) has released an update.
BRF S.A.’s Board of Directors unanimously approved a new share buyback program, aiming to maximize shareholder value and improve the company’s capital allocation. The program, which will not impact the company’s financial health or shareholding structure, allows for the purchase of up to 14 million shares within 18 months, starting May 8, 2024. The buyback will be funded by the company’s capital reserve amounting to R$ 2,763,363,601.
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