GUADALAJARA, Mexico,
May 28, 2014 /PRNewswire/ --
Grupo Simec, S.A.B de C.V. (NYSE:
SIM) announces to the general public that through its repurchase
fund, on May 27, 2014, bought 300 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.