Tranche Update on Quálitas Controladora, S.A.B. de C.V. (BMV:Q *)'s Equity Buyback Plan announced on July 21, 2020.
January 28, 2021 at 01:17 am EST
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From October 1, 2020 to December 31, 2020, the company has repurchased 8,700,000 shares, representing 2.14% for MXN 728 million. With this, the company has completed the repurchase of 15,200,000 shares, representing 3.72% of its issued share capital under the buyback announced on July 21, 2020.
Qualitas Controladora SAB de CV is a Mexico-based holding company engaged in the insurance sector. The Company focuses on providing automobile insurance products. It offers insurance policies to car fleet owners, financial institutions and individual customers through four segments: Written premiums, Ceded premium, Unearned premiums reserve and Earned retained premiums. The Company is present in Mexico, the United States, El Salvador and Costa Rica. The Company operates through a number of subsidiaries, including Qualitas Compania de Seguros SAB de CV, Qualitas Financial Services Inc, Easy Car Glass SA de CV, Activos JAL and CristaFacil SA de CV, among others.
QUÁLITAS CONTROLADORA, S.A.B. DE C.V. 
