Dividends & Buybacks ·
GERDAHU cancels 277,600 common shares with no reduction in capital
GGBGerdau S.A.
The Board of Directors approved the cancellation of 277,600 common shares (GGBR3) issued by GERDAHU S.A. The transaction involves no par value and results in no reduction to the company's total capital. Following this action, the company's capital structure consists of 716,698,119 common shares and 1,261,042,330 preferred shares. An amendment to the bylaws reflecting these new share counts will be addressed at a future shareholders' meeting. The existing share buyback program remains active. GERDAHU S.A. is a Brazilian steel producer.