Afya Adopts 1.8M Share Buyback Program

  • 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.
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