Grupo Simec, S.A.B. de C.V. announces repurchases of its own shares - WRCBtv.com | Chattanooga News, Weather & Sports

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, June 13, 2014 /PRNewswire/ -- Grupo Simec, S.A.B de C.V. (NYSE: SIM) announces to the general public that through its repurchase fund, on Jun 12, 2014, bought 571,370 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.

  • NewsMore>>

  • Special Kneads: A new Georgia bakery

    Special Kneads: A new Georgia bakery

    Monday, September 1 2014 10:18 PM EDT2014-09-02 02:18:16 GMT
     A small bakery in Georgia is getting big support from the community.  The bakery is also getting noticed for what it's doing that is unlike anywhere else and a hint is in the name.

    More
     A small bakery in Georgia is getting big support from the community.  The bakery is also getting noticed for what it's doing that is unlike anywhere else and a hint is in the name.


    More
  • School Zone Safety

    School Zone Safety

    Monday, September 1 2014 10:54 PM EDT2014-09-02 02:54:53 GMT
    The problem of distracted drivers around school zones and school buses is getting worse. More
    The problem of distracted drivers around school zones and school buses is getting worse. More
  • Civil disobedience expected in fast-food pay fight

    Civil disobedience expected in fast-food pay fight

    Monday, September 1 2014 10:50 PM EDT2014-09-02 02:50:53 GMT
    McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.More
    McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.More
Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.