Positivo Tecnologia S.A. announces an Equity Buyback for 1,181,982 shares, representing 4.59% of its issued share capital.
April 25, 2018
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Positivo Informática S.A. (BOVESPA:POSI3) announces a share repurchase program. Under the program, the company will repurchase up to 1,181,982 shares, representing 4.59% of its shares. The shares repurchased will be held in treasury for subsequent cancellation and/or sale without reducing the capital stock and/or used in the potential exercise of options in the scope of the company’s future stock option programs. The program will run for a period of 365 days, ending on April 24, 2019. As of April 25, 2018, the company has 25,706,906 shares outstanding and 1,388,708 shares in treasury.
Positivo Tecnologia SA, formerly Positivo Informatica SA is a Brazil-based technology company, specializing in the development and manufacture of hardware-based technology. The Company is mainly engaged in the industrialization, trading and development of projects in the Information Technology (IT) area; industrialization, sale and lease of software and hardware; as well as sale of IT equipment, such as all-in-one computers, notebooks, netbooks and tablets, educational software systems and a range of Internet Things (IoT) products. Positivo Tecnologia is also active in the mobile phone market, offering smartphones and feature phones. The Company operates through three main segments, Retail, Government and Corporate. Positivo Tecnologia SA has several subsidiaries, including Positivo Argentina SRL, Crounal SA and Positivo Distribuicao e Comercio Ltda.