Financeira Alfa S.A. - Crédito, Financiamento e Investimentos announces an Equity Buyback for 300,000 shares, representing 5.01% of its issued share capital.
March 13, 2019 at 06:37 pm EDT
Share
Financeira Alfa S.A. - Crédito, Financiamento e Investimentos (BOVESPA:CRIV3) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 common shares representing 5.01% of the common shares outstanding. The shares repurchased will be cancelled. The program will be funded from the liquid funds available and from the capital reserves account. The purpose of the program is to efficiently apply the company's available funds and to create shareholder value. The program will be valid for 18 months until September 14, 2020. At February 28, 2019, the company has 5,982,970 common shares outstanding and 126,800 common shares in treasury.
Financeira Alfa SA CFI, formerly Financeira Alfa SA Credito Financiamento e Investimentos, formerly known as Companhia Real De Investimento - Credito Financiamento e Investimentos, is a Brazil-based company that offers a range of credit and financing services. The Company provides various financial services and products, such as direct consumer credits, personal loans, credit cards and car financing services, among others. The Company mainly offers its services and financing solutions to the automobile market, retail groups and employees of big companies. The Company is active in Brazil. Financeira Alfa SA Credito Financiamento e Investimentos is a part of Conglomerado Financeiro Alfa, which is led by Banco Alfa de Investimento SA.
Financeira Alfa S.A. - Crédito, Financiamento e Investimentos announces an Equity Buyback for 300,000 shares, representing 5.01% of its issued share capital.
FINANCEIRA ALFA S.A. - CRÉDITO, FINANCIAMENTO E INVESTIMENTOS 
