Kepler Weber S.A. (BOVESPA:KEPL3) announces a share repurchase program. Under the program, the company will repurchase up to 8,986,007 shares, representing 10.02% of its issued share capital. The purpose of the program is to keep the shares in treasury for eventual cancellation or disposal by the company.

The exceeding net cash balance available at the company and its subsidiary will be used to fund the program. The program will be valid for a period of 18 months. As of June 30, 2022, the company had 89,662,647 shares in outstanding and 160,740 shares in treasury.