Marfrig Global Foods S.A. (BOVESPA:MRFG3) announces a share repurchase program. Under the program, the company will repurchase up to 9,456,917 common shares representing 2.99% of the outstanding shares. The company will repurchase its shares in the Bovespa Stock Exchange. The shares repurchased will be held in treasury, cancelled, further sold in the market or used in a potential exercise of share purchase options. The purpose of the program is to maximize value to shareholders through an efficient management of the capital structure. The company will use the funds from the available capital reserves. The program will be valid for 18 months, until July 10, 2018. The shares will be repurchased at market prices. At January 9, 2017, the company has 315,230,597 shares outstanding.