On March 18, 2022, Mills announced its Share Repurchase Plan, effective until September 23, 2023.
The shares acquired under the Share Repurchase Plan will be held in treasury for future sale and/or to be canceled, without changing the Company’s capital stock, with the purpose of being used (i) for the Company’s Long-Term Incentive Programs, (ii) as a trading instrument with potential targets (M&A) and/or (iii) for the cancellation of part of the repurchased shares to maximize value generation for shareholders and improve the Company’s capital structure.
| Deadline for carrying out the operation | September 23, 2023 |
| Maximum number of shares that may be repurchased in the period | 14,917,035 common shares (representing approximately 6.06% of the total number of outstanding shares on the date of the announcement) |
| Shares outstanding on the date of the announcement | 245,971,356 common shares |