The Clap Rameda (RMDA) decided to approve a plan to buy treasury stocks within 10% of the free market, within the next 3 months.
Treasury Shares Treasury shares are the shares that the company buys back from the market.
The Deets The company said that purchases of treasury stocks will take place from September 6 to December 6, 2022.
The company also clarified that the financing of these purchases will be from the company’s own resources and that these operations will have a positive role on the shares in the coming period.
Why this Matters Buying treasury shares is a means of distributing profits to shareholders because the repurchase of shares increases shareholder value due to the lower supply of shares in circulation.