Tranche Update on TOTVS S.A.'s Equity Buyback Plan announced on February 16, 2023.
May 09, 2023 at 04:15 am IST
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From February 16, 2023 to March 31, 2023, the company has repurchased 4,000,000 shares, representing 0.66% for BRL 109.39 million. With this, the company has completed the repurchase of 4,000,000 shares, representing 0.66% for BRL 109.39 million under the buyback announced on February 16, 2023.
Totvs SA is a Brazil-based company engaged in the information technology (IT) sector. The Company focuses on developing integrated management software solutions, collaboration and productivity platforms, as well as on consulting services. The Company mainly provides enterprise resource planning (ERP) applications, which electronically integrate the strategic and operational levels of a user company. It offers ERP software in various areas, such as administration, education, finance, industrial, human resources, customer service and logistics. The Company operates in Brazil, Argentina, Colombia, Mexico, Portugal and the United States, among others. It controls a number of subsidiaries, including Solucoes em Software e Servicos TTS Ltda, Datasul Argentina SA and Neolog Consultoria e Sistemas SA.