JBS S.A. (BOVESPA:JBSS3) announces a share repurchase program. Under the program, the company will repurchase up to 113,498,647 shares, representing 5.12% of its outstanding shares. The purpose of the program is to maximize value generation to shareholders by efficiently managing its capital structure. The program is valid for 18 months. As of May 11, 2022, the company has 2,218,116,370 common shares outstanding and no shares held in treasury.