EMBRAER S.A.: Share Buyback Program
Embraer (NYSE: ERJ) has announced a new share buyback program approved by its Board of Directors on March 17, 2025. The program authorizes the acquisition of up to 1,066,667 common shares, representing approximately 0.15% of the company's 734,631,601 outstanding shares.
The buyback program will run from March 18, 2025, to March 17, 2026. Acquisitions will be conducted through BTG Pactual at market prices on the B3 stock exchange. The company will utilize R$154,288,574.28 from its Investment and Working Capital Reserve for the program.
The acquired shares may be held in treasury, cancelled, or sold in the market. They can also be used to fulfill obligations under share-based compensation plans. Currently, Embraer holds 5,832,238 shares in treasury. The company's management affirms that the buyback program is compatible with its financial situation and will not affect its ability to meet creditor obligations.
Embraer (NYSE: ERJ) ha annunciato un nuovo programma di riacquisto di azioni approvato dal suo Consiglio di Amministrazione il 17 marzo 2025. Il programma autorizza l'acquisizione di fino a 1.066.667 azioni ordinarie, che rappresentano circa lo 0,15% delle 734.631.601 azioni in circolazione della societ脿.
Il programma di riacquisto si svolger脿 dal 18 marzo 2025 al 17 marzo 2026. Le acquisizioni saranno effettuate tramite BTG Pactual a prezzi di mercato sulla borsa B3. La societ脿 utilizzer脿 R$154.288.574,28 dal suo Fondo di Investimento e Riserva di Capitale di Lavoro per il programma.
Le azioni acquisite possono essere detenute in tesoreria, annullate o vendute sul mercato. Possono anche essere utilizzate per adempiere agli obblighi previsti dai piani di compenso basati sulle azioni. Attualmente, Embraer detiene 5.832.238 azioni in tesoreria. La direzione della societ脿 afferma che il programma di riacquisto 猫 compatibile con la sua situazione finanziaria e non influenzer脿 la sua capacit脿 di soddisfare gli obblighi verso i creditori.
Embraer (NYSE: ERJ) ha anunciado un nuevo programa de recompra de acciones aprobado por su Junta Directiva el 17 de marzo de 2025. El programa autoriza la adquisici贸n de hasta 1.066.667 acciones ordinarias, que representan aproximadamente el 0,15% de las 734.631.601 acciones en circulaci贸n de la empresa.
El programa de recompra se llevar谩 a cabo desde el 18 de marzo de 2025 hasta el 17 de marzo de 2026. Las adquisiciones se realizar谩n a trav茅s de BTG Pactual a precios de mercado en la bolsa B3. La empresa utilizar谩 R$154.288.574,28 de su Reserva de Inversi贸n y Capital de Trabajo para el programa.
Las acciones adquiridas pueden ser mantenidas en tesorer铆a, canceladas o vendidas en el mercado. Tambi茅n pueden ser utilizadas para cumplir con las obligaciones bajo los planes de compensaci贸n basados en acciones. Actualmente, Embraer posee 5.832.238 acciones en tesorer铆a. La direcci贸n de la empresa afirma que el programa de recompra es compatible con su situaci贸n financiera y no afectar谩 su capacidad para cumplir con las obligaciones hacia los acreedores.
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Embraer (NYSE: ERJ) a annonc茅 un nouveau programme de rachat d'actions approuv茅 par son Conseil d'Administration le 17 mars 2025. Le programme autorise l'acquisition de jusqu'脿 1.066.667 actions ordinaires, repr茅sentant environ 0,15% des 734.631.601 actions en circulation de l'entreprise.
Le programme de rachat s'茅tendra du 18 mars 2025 au 17 mars 2026. Les acquisitions seront effectu茅es par l'interm茅diaire de BTG Pactual 脿 des prix de march茅 sur la bourse B3. L'entreprise utilisera R$154.288.574,28 de sa r茅serve d'investissement et de fonds de roulement pour le programme.
Les actions acquises peuvent 锚tre conserv茅es en tr茅sorerie, annul茅es ou vendues sur le march茅. Elles peuvent 茅galement 锚tre utilis茅es pour remplir des obligations dans le cadre de plans de r茅mun茅ration bas茅s sur des actions. Actuellement, Embraer d茅tient 5.832.238 actions en tr茅sorerie. La direction de l'entreprise affirme que le programme de rachat est compatible avec sa situation financi猫re et n'affectera pas sa capacit茅 脿 respecter ses obligations envers les cr茅anciers.
Embraer (NYSE: ERJ) hat ein neues Aktienr眉ckkaufprogramm angek眉ndigt, das am 17. M盲rz 2025 von seinem Vorstand genehmigt wurde. Das Programm autorisiert den Erwerb von bis zu 1.066.667 Stammaktien, was etwa 0,15% der 734.631.601 ausstehenden Aktien des Unternehmens entspricht.
Das R眉ckkaufprogramm l盲uft vom 18. M盲rz 2025 bis zum 17. M盲rz 2026. Die Erwerbungen werden 眉ber BTG Pactual zu Marktpreisen an der B3-B枚rse durchgef眉hrt. Das Unternehmen wird R$154.288.574,28 aus seiner Investitions- und Betriebskapitalreserve f眉r das Programm verwenden.
Die erworbenen Aktien k枚nnen im eigenen Bestand gehalten, annulliert oder am Markt verkauft werden. Sie k枚nnen auch verwendet werden, um Verpflichtungen aus aktienbasierten Verg眉tungspl盲nen zu erf眉llen. Derzeit h盲lt Embraer 5.832.238 Aktien im eigenen Bestand. Das Management des Unternehmens best盲tigt, dass das R眉ckkaufprogramm mit seiner finanziellen Situation vereinbar ist und die F盲higkeit, den Verpflichtungen gegen眉ber den Gl盲ubigern nachzukommen, nicht beeintr盲chtigen wird.
- Share buyback program indicates confidence in company's financial health
- Program can enhance shareholder value through reduced share count
- Company has sufficient cash reserves to fund the buyback
- Buyback provides flexibility for share-based compensation plans
- Small buyback size (only 0.15% of outstanding shares) limits impact on share price
- Use of working capital for buyback could reduce funds available for operations
Insights
Embraer's share buyback announcement represents a measured capital allocation decision with modest direct shareholder impact. The aerospace manufacturer plans to repurchase up to 1,066,667 shares (just 0.15% of outstanding shares) over 12 months, allocating
The scope of this program suggests it primarily aims to offset potential dilution from employee compensation plans rather than significantly enhance EPS or provide substantial share price support. For context, the allocated amount represents approximately
This cautious strategy aligns with the capital-intensive nature of the aerospace manufacturing industry, where maintaining financial flexibility for R&D, production capabilities, and navigating cyclical demand remains crucial. The Board's explicit statement that the buyback won't compromise creditor obligations further reinforces this disciplined financial stance.
The multi-purpose design of the program - with shares potentially held in treasury, canceled, or used for compensation plans - provides management with tactical flexibility to fine-tune capital structure while preserving operational capabilities. While not transformative for shareholders, this program signals management's commitment to balanced capital allocation in an industry where financial resilience drives long-term competitiveness.
MATERIAL FACT
EMBRAER S.A.
Publicly Held Company
CNPJ/MF: 07.689.002/0001-89
NIRE: 353.003.257-67
S脙O JOS脡 DOS CAMPOS,
Purpose: acquisition of common shares, all registered, book-entry and with no par value, issued by the Company, all legal limits respected and based on available resources, for holding in treasury, cancellation, or subsequent sale of the shares on the market, as well as to fulfill the obligations and with the protection of commitments assumed by the Company under its share-based compensation plans.
Maximum number of shares to be acquired: up to 1,066,667 (one million, sixty-six thousand, six hundred and sixty-seven) ordinary shares issued by the Company, which represent approximately
Maximum term: the Share Buyback Program will come into effect on March 18, 2025, and will last for 12 (twelve) months, that being, until March 17, 2026.
Price and Method of Acquisition: he acquisitions will be carried out on the stock exchange, at B3 S.A. 鈥� Brasil, Bolsa, Balc茫o, at market prices and intermediated through the following financial institution: BTG Pactual Servi莽os Financeiros S/A DTVM.
The Company's Executive Board will determine the timing and the number of shares to be effectively acquired, observing the limits and validity period established by the Board of Directors and applicable regulations, with only resources available in accordance with Article 7, 搂1, of CVM Resolution 77 being used, arising from the Company's Investment and Working Capital Reserve, as determined in the financial statements for the fiscal year ended December 31, 2024, disclosed on February 27, 2025, with a value corresponding to
The Company believes that the acquisition of its own issued shares will not impact the shareholder composition or its administrative structure. The members of the Board of Directors consider that the Company's current financial situation is compatible with the execution of the Share Buyback Program under the approved conditions and believe that the share buyback will not impair the fulfillment of obligations assumed with creditors. This conclusion stems from an evaluation of the potential financial amount to be used in the Share Buyback Program when compared to (i) the level of obligations assumed with creditors, with the Company having the capacity to meet its financial commitments; and (ii) the amount available in cash, cash equivalents, and the Company's financial investments.
For more information on the Share Buyback Program, please refer to the information attached to the minutes of the Board of Directors' meeting held on this date, which have been duly made available on the Company's investor relations website and the CVM website, approving the Share Buyback Program, prepared in accordance with 'Annex G' to CVM Resolution No. 80, dated March 29, 2022, as amended.
S茫o Jos茅 dos Campos, March 17, 2025.
Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations
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SOURCE Embraer S.A.
FAQ
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