Sendas Distribuidora (ASAI) has released an update.
Sendas Distribuidora S.A. has announced the launch of its inaugural share buy-back program, aiming to acquire up to 3,800,000 ordinary shares over the next 12 months, which represents 0.28% of the company’s free float. These shares will support the Executive Partner Program and Long-Term Incentive Plan, with acquisitions to be made through the B3 exchange under the terms set by the Company’s Board of Directors. Investors can expect regular updates on the program’s progress through the company’s Investor Relations website and regulatory announcements.
For further insights into ASAI stock, check out TipRanks’ Stock Analysis page.
