Business · Markets · 7 hrs ago
Petz Cobasi Group Company Approves Buyback of Up to 17.6 Million Shares
União Pet Participações approved a share buyback program on Thursday.
The company is part of the Petz Cobasi group.
The program allows it to buy back up to 17,644,359 ordinary shares.
That maximum is 2.05% of all issued shares and 10% of the shares in circulation.
A buyback is a company’s purchase of its own shares, which reduces the number available to investors if the shares are bought.
The announcement gives the permitted maximum, but does not say how many shares will be bought or when purchases will take place.
The board of União Pet Participações approved a buyback of up to 17,644,359 ordinary shares.
The company is part of the Petz Cobasi Group.
The limit equals 2.05% of the company’s total issued shares and 10% of shares in circulation.
The board approved the program on Thursday, October 22, and the company disclosed it on Friday, October 23.
- Who
- The board of União Pet Participações, a company in the Petz Cobasi Group.
- What
- It approved a program to buy back up to 17,644,359 ordinary shares.
- When
- The board approved the program on Thursday, October 22. It was disclosed on Friday, October 23, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
União Pet Participações’ board approved the share buyback program.
The company disclosed the program in a material fact notice.
- Maximum buyback
- 17,644,359 ordinary shares
- Share of issued shares
- 2.05%
- Share of shares in circulation
- 10%
- Company
- União Pet Participações, part of the Petz Cobasi Group