Grupo Simec, S.A.B. de C.V. announces repurchases of its own shares - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Grupo Simec, S.A.B. de C.V. announces repurchases of its own shares

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Grupo Simec, S.A.B. de C.V.

GUADALAJARA, Mexico, April 14, 2014 /PRNewswire/ -- Grupo Simec, S.A.B de C.V. (NYSE: SIM) announces to the general public that through its repurchase fund, on April 11, 2014, bought 555,000 of its own shares, (SIMEC-B).

Grupo Simec S.A.B de C.V. has authorized a repurchase fund of $ 1,000 million pesos, which will be used to support interested investors in generating greater liquidity of its stock in the market, buying stocks when needed and selling them when there is excess of demand.

Grupo Simec and the Group who controls them, reports that they have no interest in selling their shares, as has been the case since the current administration took over, this fund will be operated only to give the necessary support to investors.

The objective of this fund is to increase the turnover of the floating shares, it is not intended to decrease or increase the current number of shares in the market.

Contact:
Mario Moreno Cortez
52-33-3770-6734
mmoreno@gruposimec.com.mx

©2012 PR Newswire. All Rights Reserved.

  • News HeadlinesNews HeadlinesMore>>

  • Animal Services Launches Adoption Program

    Animal Services Launches Adoption Program

    Saturday, April 19 2014 12:23 AM EDT2014-04-19 04:23:57 GMT
    It was a big day for the Wichita Falls Animal Services on Friday. They launched their new adoption program!
    It was a big day for the Wichita Falls Animal Services on Friday. They launched their new adoption program!
  • Deadly Accident Driver Let Go

    Deadly Accident Driver Let Go

    Saturday, April 19 2014 12:19 AM EDT2014-04-19 04:19:47 GMT
    The man who was behind the wheel of a truck that hit and killed an 11-year-old boy in Wichita County will not face any charges. 
    The man who was behind the wheel of a truck that hit and killed an 11-year-old boy in Wichita County will not face any charges. 
  • Scam Alert

    Scam Alert

    Saturday, April 19 2014 12:18 AM EDT2014-04-19 04:18:36 GMT
    Several residents in Electra have received fraudulent checks. 
    Several residents in Electra have received fraudulent checks.