Afya Adopts 1.8M Share Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

January 27, 2022 2:00 PM | 1 min read |

Afya Ltd AFYA Board of Directors has approved a new share repurchase program to repurchase up to 1.8 million of its shares, representing 4% of its free float.
The company plans to begin the repurchase program on January 27, 2022, and complete it by December 31, 2022.
Afya expects to utilize its existing funds and future dividends to be received from Afya Participações to fund repurchases made under this program.
Price Action: AFYA shares traded higher by 9.39% at $13.98 on the last check Thursday.