Mills Estruturas e Serviços de Engenharia S.A. announces an Equity Buyback for 14,917,035 shares, representing 6.06% of its issued share capital.
March 30, 2022 at 05:12 pm EDT
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Mills Estruturas e Serviços de Engenharia S.A. (BOVESPA:MILS3) announces a share repurchase program. Under the program, the company will repurchase up to 14,917,035 ordinary shares, representing 6.06% of its shares outstanding. The repurchased shares will be held in treasury for future sale and/or to be canceled, without changing the company´s capital stock, with the purpose of using for the company's Long-Term Incentive Programs, as a trading instrument with potential targets (M&A) and for cancellation of part of the repurchased shares to maximize value generation for shareholders and improve the company's capital structure.
The share repurchase program is valid for 18 months, until September 23, 2023.
Mills Estruturas e Servicos de Engenharia SA is a Brazil-based company primarily engaged in the commercial equipment rental. The Company's activities are divided into two business units: Construction and Rental. The Construction division operates in the heavy construction market and offers construction works and services, including formworks and props, as well as access to non-mechanized equipment, mast climbing platforms and scaffolds for the residential and office building construction sector. The Rental division provides leasing and sale of scissor lifts and telescope handlers for construction, trade and manufacturing markets, among others. The Company operates numerous branches across Brazil.
MILLS LOCAÇÃO, SERVIÇOS E LOGÍSTICA S.A. 
