Mirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria announces an Equity Buyback for 700,000 shares, for ARS 2,000 million.
November 07, 2024 at 02:47 am
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Mirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria (BASE:MIRG) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, such that the treasury shares in the portfolio may not, as a whole, exceed the limit of 10% of the capital stock, for ARS 2,000 million. The shares will be repurchased at a price of not more than ARS 35,000 for every 10 shares on the Buenos Aires Stock Exchange.
The purpose of the program is for Mirgor talent retention program. The program will be funded with realized and liquid profits,. The repurchase program will be valid for a period of 180days, from the date of publication of the purchase in the media at market.
Mirgor SACIFIA is an Argentina-based company primarily engaged in the household electronics manufacture. The Company's activities are structured in two business segments: Automotive, which is specialized in the production and distribution of automotive air conditioning systems, gearboxes, heat exchanger units and wheel assemblies, and Home Electronic Appliances, which is involved in the manufacture and commercialization of residential and commercial air conditioning units, microwave ovens, monitor screens, notebooks, sound equipment and cellular phones under Samsung brand name, among others. The Company operates through a number of subsidiaries, such as Industria Austral de Tecnologia SA (IATEC), Interclima SA and Capdo SA. It is controlled by II Tevere SA.
Mirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria announces an Equity Buyback for 700,000 shares, for ARS 2,000 million.
MIRGOR SOCIEDAD ANÓNIMA, COMERCIAL, INDUSTRIAL, FINANCIERA, INMOBILIARIA Y AGROPECUARIA 
