Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Marfrig Global Foods S.A.
  6. News
  7. Summary
    MRFG3   BRMRFGACNOR0

MARFRIG GLOBAL FOODS S.A.

(MRFG3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 12/03
20.87 BRL   -5.74%
12/01Investor group warns livestock industry needs to do more on methane
RE
11/12Comunicado ao Mercado
PU
11/05Institutional Presentation - 3Q21
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Marfrig Global Foods S A : Material Fact - Buyback Program

08/11/2021 | 07:09am EST

MARFRIG GLOBAL FOODS S.A.

Publicly Held Corporation

Taxpayer ID (CNPJ/MF):03.853.896/0001-40

(BM&FBovespa: MRFG3)

MATERIAL FACT

SHARE REPURCHASE PLAN

São Paulo, August 10, 2021 - Marfrig Global Foods S.A. ("Marfrig" or "Company"), in accordance with Paragraph 4, Article 157 of Federal Law 6.404 of December 15, 1976, as amended ("Brazilian Corporation Law") and with CVM Instructions n. 358/02 and 567/15, informs its shareholders and the general market that the Board of Directors of the Company approved in this date a share repurchase plan, for the acquisition by the company, in a single transaction or series of transactions, of up to twenty six million three hundred thousand and forty two and two hundred and forty (26,342,240) book-entry, registered common shares without par value issued by the Company, in accordance with the following terms and conditions ("Share Repurchase Plan"):

  • The goal of the Company in executing the Stock Repurchase Plan is acquire the Company's own shares on the stock exchange, at market price, for holding in treasury, cancellation or subsequent sale in the market, with the purpose to maximize the generation of shareholder value;
  • The shares held in treasury may eventually be part of the exercise of stock options under the Stock Option plan or direct granting of shares of the Company, without capital reduction.
  • Considering the number of 334,496,423 shares comprising the free-float on this date and available balance of reserves, the Company may, at its sole discretion and in accordance with this Share Repurchase Plan and with Article 62 of ICVM 480/09, acquire up to twenty six million three hundred thousand and forty two and two hundred and forty (26,342,240), corresponding to 3.81% of the total shares of the Company and 7.87% of the shares comprising the free-float of the Company, figures inferior to 10% (ten percent) of the free-float;
  • The purchase transactions will be carried out on the São Paulo Stock Exchange (B3 S.A. - BRASIL, BOLSA, BALCÃO. - Securities, Commodities and Futures Exchange), at market price, with the Officers of the Company responsible for

deciding on the timing and number of shares to be acquired, whether in a single transaction or series of transactions, respecting the limits established in the applicable regulations;

  • The maximum period for effecting the purchase transactions is eighteen (18) months, starting on August 11, 2021 and ending on February 11, 2023.
  • Additional information about the operations regarding this share repurchase plan, as required by Annex 30-XXXVI of CVM Instruction No. 480/2009, is available on the Company's Investor Relations page, as well as on the pages of the Brazilian Securities Commission - CVM and B3 accessible on the world wide web.

Tang David

Chief Financial and Investor Relations Officer

Disclaimer

Marfrig Global Foods SA published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 22:45:05 UTC.


ę Publicnow 2021
All news about MARFRIG GLOBAL FOODS S.A.
12/01Investor group warns livestock industry needs to do more on methane
RE
11/12Comunicado ao Mercado
PU
11/05Institutional Presentation - 3Q21
PU
10/26Marfrig Global Foods S.A. Reports Earnings Results for the Third Quarter and Nine Month..
CI
10/26Earnings Presentation - 3Q21
PU
09/23MARFRIG GLOBAL FOODS S A : Comunicado ao Mercado
PU
09/16Marfrig Global Foods S.A.'s Equity Buyback announced on March 16, 2020, has expired.
CI
09/13MARFRIG GLOBAL FOODS S.A. : Ex-dividend day for final dividend
FA
09/08Biden administration plans tougher action to rein in meat prices
RE
09/08Brazil truckers block highways, Bolsonaro asks protestors to stand down
RE
More news
Analyst Recommendations on MARFRIG GLOBAL FOODS S.A.
More recommendations
Financials
Sales 2021 77 967 M 13 794 M 13 794 M
Net income 2021 4 108 M 727 M 727 M
Net Debt 2021 14 749 M 2 609 M 2 609 M
P/E ratio 2021 3,35x
Yield 2021 9,85%
Capitalization 14 284 M 2 526 M 2 527 M
EV / Sales 2021 0,37x
EV / Sales 2022 0,34x
Nbr of Employees 32 010
Free-Float 48,5%
Chart MARFRIG GLOBAL FOODS S.A.
Duration : Period :
Marfrig Global Foods S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MARFRIG GLOBAL FOODS S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 20,87 BRL
Average target price 26,63 BRL
Spread / Average Target 27,6%
EPS Revisions
Managers and Directors
Miguel de Souza Gularte Chief Executive Officer
David Tang Chief Financial & Administrative Officer
Marcos Antonio Molina dos Santos Chairman
Ant˘nio dos Santos Maciel Neto Independent Director
Herculano AnÝbal Alves Independent Director
Sector and Competitors
1st jan.Capi. (M$)
MARFRIG GLOBAL FOODS S.A.43.83%2 526
TYSON FOODS, INC.28.18%30 131
HORMEL FOODS CORPORATION-9.76%23 183
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-35.64%16 415
JBS S.A.41.21%13 760
WH GROUP LIMITED-26.62%7 852