Vittia completes buyback of 4.5 million shares and approves new program

Vittia, a Brazilian biological inputs company, informed the market this Tuesday (9) the conclusion of its 5th Share Buyback Program, with the acquisition of 4.5 million common shares, equivalent to 100% of the limit approved by the Board of Directors. The volume currently represents 2.8% of the company's share capital.

In addition to ending the program, the Board of Directors approved the cancellation of 4,455,436 common shares held in treasury, acquired throughout the initiative. The operation will be carried out without reducing the company's share capital, using available profit reserve balances, as provided for in CVM (Securities Commission) regulations.

With the cancellation, Vittia's share capital remains at R$618 million, but is now divided into 157,589,984 registered common shares with no par value.

The company also informed that it will call an Extraordinary General Meeting to update the Bylaws in light of the change in the number of shares issued.

At the same time, the company approved the creation of its 6th Share Buyback Program. The new initiative provides for the acquisition of up to 4.5 million common shares, also corresponding to approximately 2.8% of the company's share capital and 9.4% of the shares currently in circulation on the market.

According to Vittia, the objective of the program is to maximize the generation of value for shareholders, allowing the acquired shares to be kept in treasury, canceled or used in future strategic operations. Possibilities include share-based compensation programs, option plans for executives and employees, as well as possible mergers and acquisitions.

The new program will be valid for 12 months, starting on June 9, 2026 and ending on June 8, 2027. The definition of the moment and number of shares actually acquired will be the responsibility of the company's management, subject to market conditions and the availability of resources.

Currently, Vittia has 47.9 million shares in circulation, equivalent to 32.5% of the share capital. After the cancellation approved by the Board, the company informed that no shares will remain in treasury.

Repurchase operations may be carried out through brokers BTG Pactual, XP Investimentos, Itaú, Bradesco, Santander and Citigroup. According to the company, all detailed information about the new program is available on the investor relations channels of the CVM and B3.

https://www.cnnbrasil.com.br/agro/

Source: CNN