Vibra Energia S.A. (BOVESPA:VBBR3) announces a share repurchase program. Under the program, the company will repurchase up to 98,692,125 shares, representing 10% of issued share capital, for BRL 1200 million. The repurchased will be funded by the global amount of the Company's Profit Reserves.
The repurchased shares will be held in treasury, cancelled or sold. Repurchased shares be used to fulfill obligations arising from share plans relating to the retention of executives. The program will be valid for 18 months, ending on January 10, 2026.
As of July 4, 2024, the company had 1,023,422,212 shares outstanding and 3,650,096 shares in treasury.