tiprankstipranks
Afya announces new rule 10b5-1 share repurchase program
The Fly

Afya announces new rule 10b5-1 share repurchase program

Afya announced that, after the completion of its third share repurchase program, which resulted in the purchase of 1,874,457 Class A common shares, its Board of Directors has approved a new share repurchase program providing for the repurchase of up to 2,000,000 of its outstanding Class A common shares, which represents approximately 5.8% of its free float in accordance with the conditions established by the Board of Directors on March 23, 2023. Accordingly, in connection with repurchases under the new program, Afya today announced that will enter into a written trading plan with BofA Securities, Inc., as the independent broker-dealer, which is intended to comply with the requirements of Rule 10b5-1 and Rule 10b-18, each under the Securities and Exchange Act of 1934, as amended.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on AFYA:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles