Marfrig Global Foods S A : Material Fact - Buyback Program
August 11, 2021 at 07:09 am EDT
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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
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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.
Marfrig Global Foods S.A. pecializes in the production and processing of beef and lamb. The group is also developing a feed manufacturing business.
At the end of 2021, the group had over 30 production sites worldwide.
Brazil accounts for 76.1% of net sales.