Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse MKT  >  Grupo Simec SAB de CV    SIM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2013 | 06:00pm CEST

GUADALAJARA, Mexico, May 16, 2013 /PRNewswire/ -- Grupo Simec, S.A.B de C.V. (NYSE: SIM) announces to the general public that through its repurchase fund, on May 15, 2013, bought 50,000 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

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GRUPO SIMEC SAB DE CV
02/27 GRUPO SIMEC DE CV : Files Amended 6-K
02/23 GRUPO SIMEC DE CV : Announces Results of Operations for the Twelve Month Period ..
02/15 GRUPO SIMEC DE CV : Liberty House buys Tata Steel division for $125m
02/07 GRUPO SIMEC DE CV : Steel council to advise on green solutions
2016 GRUPO SIMEC DE CV : Liberty House in new takeover
2016 GRUPO SIMEC DE CV : Indian-origin tycoon to rescue uk's last aluminium smelter
2016 GRUPO SIMEC DE CV : UK's last aluminium smelter has 'bright' future - new owners
2016 GRUPO SIMEC DE CV : New owners plough extra Pounds 120m into Highland site
2016 GRUPO SIMEC DE CV : How to be a 21st century industrialist
2016 STEEL CONCRETE REINFORCING BAR FROM : Preliminary Results of Antidumping Duty A..
More news
Sector news : Steel - NEC
03/29 FOSUN INTERNATIONAL : China's Fosun CEO steps down, reshuffle to impact conglome..
03/28 Aviva eyes sale of Friends Provident for $500-$700 million - source
03/27DJTHYSSENKRUPP : Hunts for Exit From Steel -- WSJ
03/26DJTATA STEEL : Steel Pioneer Thyssenkrupp Is Getting Out of Steel
03/23DJFORTESCUE METALS : to Repay Further US$1 Billion Debt
More sector news : Steel - NEC