Tranche Update on Gentera, S.A. B. de C. V. (BMV:GENTERA *)'s Equity Buyback Plan announced on April 27, 2016.
February 22, 2017
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From October 1, 2016 to December 31, 2016, the company has repurchased 1,245,000 shares, representing 0.08% for MXN 42.39 million. With this, the company has completed the repurchase of 2,229,999 shares, representing 0.14% for MXN 75.14 million under the buyback announced on April 27, 2016.
Gentera SAB de CV (Gentera), formerly Compartamos SAB de CV, is a Mexico-based financial institution specialized in banking and credit services. Genteraâs main activities are: granting loans and credits to communal banks, community groups, low-income individuals; offering saving accounts, insurance policies, administration and human resources services, making payments of family remittance and granting operation with securities and other financial instruments. The Company operates in Mexico, the United States, Guatemala and Peru, through such subsidiaries as: Compartamos Banco, a micro-financing bank; Yastas, a network of affiliated merchants that provide payments and financial transactions, Pagos Intermex SA de CV, the payment of family remittances company and Aterna, an intermediary between the distribution channels and the insurance industry.