BRF approves buyback program of up to 3.69 million common shares

THEY ARE PAULO (Reuters) – The Board of Directors of BRF (

BRFS3) approved this Thursday the creation of a repurchase program for up to 3,696,858 of common shares, under certain conditions, informed the company in a material fact.

According to the company, the purpose of the program it is to comply with obligations and commitments assumed in the scope of stock option plans, which have already been approved at meetings.

“The company understands that the acquisitions of shares issued by it will not impact the shareholding composition or its administrative structure,” he stated in the statement.

The maximum period for the acquisition is 18 months, starting on October 1, 2021 and ending on April 1, 2023, and it is up to the board to define when the repurchases will, in fact, be executed.

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