Construtora Tenda S.A. (BOVESPA:TEND3) announces a share repurchase program. Under the program, the company will repurchase up to 10,434,424 common shares. The shares repurchased will be held in treasury, cancelled and/or used for the exercise of purchase options under the company's share purchase option plans and share-based compensation plans for the executives and directors. The program will be funded from company's available profit and capital reserves, excluding legal reserve, profit reserves to be realized and undistributed special dividend reserves. The purpose of the program is to maximize shareholder value by allowing a more efficient management of capital structure. The program will be valid till December 18, 2021.