Pet Center Comércio e Participações S.A. (BOVESPA:PETZ3) announces a share repurchase program. Under the program, the company will repurchase up to 11,673,151 common shares, representing 3.48% of its free float, for BRL 118 million. The purpose of the buyback is to maximize the value generation for the shareholder.

The repurchased shares will be held in the Company's treasury and subsequently cancelled, alienated, used to meet the Company's stock option program and/or eventual acquisition in other companies. The plan will be valid till February 15, 2024. As of August 15, 2022, the company has 335,672,329 free-float shares issued and 15 shares in treasury.