The Board of Directors of Sendas Distribuidora, owner of the Assaí brand (ASAI3), approved the company's fourth share buyback program. The program provides for the purchase of up to 11,000,000 common shares, equivalent to 0.814% of total shares outstanding, within 12 months starting November 6, 2026.
The shares acquired will be held in treasury for later sale or cancellation. The company says the goal is to maximize value creation for shareholders through efficient management of its capital structure and by taking advantage of potential market opportunities.
Purchases will be made on the B3 at market prices, using the company's available funds. Assaí's (ASAI3) Executive Board will set the dates and schedule of the acquisitions, in accordance with the conditions approved by the Board of Directors.
New information about the program will be disclosed through a Notice to Shareholders, Market Announcement or Material Fact, on the investor relations websites of the company, the CVM and the B3.
