Afya Limited (NasdaqGS:AFYA) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares of its outstanding Class A common shares. The share repurchases will be funded from existing funds and future dividends to be received from Afya Participações.

The company intends to repurchase for use in its stock option program, consideration in futures business combinations transactions and general corporate purposes. The program is valid until the earlier of the completion of the repurchase or December 31, 2024, depending upon market conditions.