Suzano Papel e Celulose SA (SUZ) has released an update.
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Suzano S.A. has announced the cancellation of 40 million treasury shares to optimize profit reserves, with 7.23 million treasury shares remaining for incentive plans. Additionally, the company has approved a new share buyback program to purchase up to 40 million shares, aiming to enhance shareholder value and signal management’s confidence in the company’s prospects. This buyback program, set to conclude by February 2026, is expected to be funded by profit and capital reserves, with no anticipated effects on creditor obligations or dividend payments.
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