Kepler Weber S.A. (BOVESPA:KEPL3) announces a share repurchase program. Under the program, the company will repurchase up to 17,658,312 shares, representing 10% of its issued share capital. The purpose of the program is to keep the shares in treasury for eventual cancellation or to be sold 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 till March 25, 2025. As of March 25, 2024, the company had 176,583,116 shares in outstanding and 2,959,896 shares in treasury.