- ADECOAGRO S.A. (NYSE:AGRO) announced that on August 9, its Board of Directors approved the extension of the Company's share repurchase program for and additional twelve-month period, ending on September 23, 2017.
- Under the buyback program, the Company can continue acquiring common shares up to 5% of its outstanding shares and has acquired approximately 2.4M shares since the commencement of this program in September, 2013.
- "The extension of the repurchase program reflects the Board of Directors' and Management's commitment towards delivering long term shareholder value. Repurchasing our shares is one of many capital allocations tools we can use to enhance returns for our shareholders" — said Mariano Bosch, Chief Executive Officer of Adecoagro.
- Press Release