JBS Launches Share Buy-Back Programme
BRAZIL - Brazilian beef processor JBS has announced plans to buy back up to 37,500,000 non-par registered common shares.
28 June 2011
1 minute read
The aim of this share-buy back programme is to maximise shareholder value through the efficient management of the capital structure of the Company.
The company said that as part of its ongoing strategy to continue focusing on increasing return to its shareholders, this share buy-back programme is a further instrument through which value to shareholders can be enhanced.
The Company’s Directors will determine when and the amount of shares to be acquired. The period within which the Company is authorised to acquire shares expires on 9 June 2012.
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