WEG S.A. (BOVESPA:WEGE3) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 common shares representing 0.07% of the company's outstanding shares. The purpose of the shares program is to comply with the Long-Term Incentive Plan (LTIP), the compensation based on shares for the company's administrators and managers.

The program will be valid until July 18, 2024. As on July 18, 2023, the company has 1,483,389,863 outstanding common shares in issue and 1,083,696 common shares held in treasury.