GUADALAJARA, Mexico,
April 24, 2014 /PRNewswire/ --
Grupo Simec, S.A.B de C.V. (NYSE:
SIM) announces to the general public that through its repurchase
fund, on April 23, 2014, bought
43,824 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.