Ouro Fino (OFSA3) announces share buyback program and Incentive plan

Charlie Taylor

Ouro Fino (OFSA3) announced a share buyback program and incentive plan, according to a relevant fact sent to the market last Friday (29).
According to the document, the said program aims to acquire up to 1,078 million common shares, nominative and without par value, without reducing the share capital, to be held in treasury, aiming at maximizing the generation of value for shareholders, and, eventually, be used to meet the Long-Term Incentive Plan.
Ourofino Saúde Animal (OFSA3) reports net profit 246.2% higher

The program

The Buyback Program also has the following characteristics: acquisitions, which are the subject of the Buyback Program, can be made within up to 18 (eighteen) months, starting on January 30, 2022 and ending on July 29, 2022 , and the Executive Board is responsible for deciding the timing and number of shares to be acquired, whether in a single transaction or in a series of transactions.
Also the total number of common shares issued by the company that may be acquired, that is, 1,078 million shares, which represents approximately 4.57% of the shares in circulation in the market, which currently are 23,573,333 million shares, traded on B3.Alter - Cryptoback
Ourofino (OFSA3) announces share buyback program and Incentive plan

Acquisition operations

It also aims at the acquisition operations to be carried out on the trading floor of BM & FBOVESPA, at market prices, with the intermediation of the following financial institution: XP Investimentos.
“The company informs its shareholders and the market in general that AGE also approved the Plan, which aims to stimulate the expansion, success and achievement of social objectives, to align the interests of shareholders with those of Eligible People, as well as enabling company or other companies under its control to attract and keep Eligible Persons linked to it (s) and encourage the creation of value for the Company ”, he highlighted.
And he said more: “also share risks and gains equally among shareholders and managers and employees. The Board of Directors will be responsible for interpreting, organizing and administering the Plan, and the body may even create Long Term Incentive Programs within the Plan, in which the Determination Period, the Eligible Persons, will be resolved; the Base Compensation of each Beneficiary, and the Base Number of Shares of each Beneficiary.

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The post Ouro Fino (OFSA3) announces a share buyback program and the Incentive plan appeared first in 1 Billion Financial Education.Alter - Cryptoback


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