Share Repurchase Plan
Banco Indusval & Partners Share Repurchase Programs aim at preserving the company’s value, to hedge the granted stock options or for future sale or cancellation of shares in treasury.
The 4th Share Repurchase Program approved on August 10, 2010 for the purchase of up 1,301,536 preferred shares was valid until August 9, 2011. 772,453 preferred shares were acquired under this program, out of which 734,515 shares remain in treasury.
The 5th Share Repurchase Program approved on October 19, 2011 for the purchase of up 1,720,734 preferred shares is effective until October 18, 2012, and no share had been repurchased under the program until March 31, 2012.
Indusval S.A. Corretora de Títulos e Valores Mobiliários is the brokerage firm that intermediates Banco Indusval S.A. acquisitions under its Share Repurchase Programs.