BRF S.A. (BOVESPA:BRFS3) announces a share repurchase program. Under the program, the company will repurchase up to 14,000,000 shares, representing 0.46% of the share capital, for BRL 7,138.48 million. The shares acquired under the Share Buyback Program will be used for the implementation of Stock Option Plan and the Restricted Stock Option Plan.

The repurchases will be funded out of capital reserve, as provided in the company?s financial statements relating to the quarter ending on September 30, 2023. The share repurchase program is valid for 18 months ending on June 7, 2025. As of November 30, 2023, the company had 3,817,179 common shares in treasury.