Grupo Simec, S.A.B. de C.V. announces repurchases of its own shares - KYTX CBS 19 Tyler Longview News Weather Sports

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, April 14, 2014 /PRNewswire/ -- Grupo Simec, S.A.B de C.V. (NYSE: SIM) announces to the general public that through its repurchase fund, on April 11, 2014, bought 555,000 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 NewsMore>>

  • Tyler Police investigate aggravated robbery

    Tyler Police investigate aggravated robbery

    Thursday, April 24 2014 8:15 AM EDT2014-04-24 12:15:39 GMT
    Tyler Police are looking for the people responsible for robbing a man early Thursday morning. It happened around 12:30 am in the in the 1100 block of N. Albertson. More >>
    Tyler Police are looking for the people responsible for robbing a man early Thursday morning. It happened around 12:30 am in the in the 1100 block of N. Albertson. More >>
  • Tyler Police searching for early morning robber

    Tyler Police searching for early morning robber

    Tyler Police searching for early morning robber

    Monday, April 21 2014 5:53 PM EDT2014-04-21 21:53:35 GMT
    Tyler Police need your help finding an early morning robbery suspect. A woman says a robber tackled her to the ground and stole her purse. More >>
    Tyler Police need your help finding an early morning robbery suspect. A woman says a robber tackled her to the ground and stole her purse. More >>
  • Cherokee County woman found dead in driveway, husband charged with murder

    Cherokee County woman found dead in driveway, husband charged with murder

    Monday, April 21 2014 5:31 PM EDT2014-04-21 21:31:33 GMT
    Cedric Dewayne ThompsonCedric Dewayne Thompson
    CHEROKEE CO. (KYTX) - On Sunday April 20, 2014 at approximately 9:35am Kayla Nicole Thompson (27 years of age) was found deceased in the driveway of her residence, located in the 1500 block of County Road 3201 just West of Lake Jacksonville.More >>
    CHEROKEE CO. (KYTX) - On Sunday April 20, 2014 at approximately 9:35am Kayla Nicole Thompson (27 years of age) was found deceased in the driveway of her residence, located in the 1500 block of County Road 3201 just West of Lake Jacksonville.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2004 - 2014, WorldNow and KYTX, Owned and Operated by London Broadcasting Company.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.