Grupo Simec, S.A.B. de C.V. announces repurchases of its own shares - KMPH FOX 26 | Central San Joaquin Valley News Source

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.

  • Local NewsLocal NewsMore>>

  • FIRE SEASON 2014: Homes and Businesses Destroyed By Oakhurst Fire

    FIRE SEASON 2014: Homes and Businesses Destroyed By Oakhurst Fire

    The fire in Oakhurst has burned 612 acres and is 30% contained. Some evacuation orders have been lifted and people are getting their first look at the damage.
    More >>
    The fire in Oakhurst has burned 612 acres and is 30% contained. Some evacuation orders have been lifted and people are getting their first look at the damage.

    More >>
  • Triple-Shooting Under Investigation in Fresno

    Triple-Shooting Under Investigation in Fresno

    Fresno Police are investigating a shooting in East-Central Fresno.Lt. Joe Gomez confirmed to KMPH Fox 26 News that two victims have been found, and police believe there is a third.The shooting happened shortly after 10:00 p.m., at the intersection of Garland and Ezie, near Fresno Yosemite Airport.Police say the two shooting victims they have found so far, are expected to survive.More >>
    Fresno Police are investigating a shooting in East-Central Fresno.Lt. Joe Gomez confirmed to KMPH Fox 26 News that two victims have been found, and police believe there is a third.The shooting happened shortly after 10:00 p.m., at the intersection of Garland and Ezie, near Fresno Yosemite Airport.Police say the two shooting victims they have found so far, are expected to survive.More >>
  • Organ Transplant Waiting List Skyrockets, Learn How You Can Help

    Organ Transplant Waiting List Skyrockets, Learn How You Can Help

    Hundreds in the Central Valley now know the desperate plea from those in need an organ transplant, after a forum Tuesday in fresno.A Registered Nurse, who is used to helping people heal, is now in need of help herself.Mary-Margaret Foxon relies on photographs to feel the love anytime from her children and grandchildren."Look, they colored, and went to restaurants," she says, as she points to a photo album with her granddaughter and grandson, who live in Arizona.This is the easiest way for her...More >>
    Hundreds in the Central Valley now know the desperate plea from those in need an organ transplant, after a forum Tuesday in fresno.A Registered Nurse, who is used to helping people heal, is now in need of help herself.Mary-Margaret Foxon relies on photographs to feel the love anytime from her children and grandchildren."Look, they colored, and went to restaurants," she says, as she points to a photo album with her granddaughter and grandson, who live in Arizona.This is the easiest way for her...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.