CI&T Renews Share Repurchase Program
Ticker: CINT · Form: 6-K · Filed: Dec 19, 2024 · CIK: 1868995
| Field | Detail |
|---|---|
| Company | Ci&T Inc (CINT) |
| Form Type | 6-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, board-approval, company-news
Related Tickers: CINT
TL;DR
CINT board OKs buying back up to 5M shares, signaling confidence.
AI Summary
CI&T Inc. announced on December 19, 2024, that its Board of Directors has approved the renewal of its share repurchase program. Under this renewed program, CI&T is authorized to repurchase up to five million of its outstanding class A common shares.
Why It Matters
The renewal of a share repurchase program can signal management's confidence in the company's valuation and potentially boost earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — This filing is a routine announcement regarding a share repurchase program renewal, which is a common corporate action.
Key Numbers
- 5 million — Share Repurchase Authorization (Maximum number of Class A common shares CI&T may repurchase under the renewed program.)
Key Players & Entities
- CI&T Inc (company) — The company making the announcement.
- December 19, 2024 (date) — Date of the Board of Directors' approval.
- five million (dollar_amount) — Maximum number of class A common shares authorized for repurchase.
- Class A common shares (company) — The type of shares eligible for repurchase.
FAQ
What is the maximum number of Class A common shares CI&T is authorized to repurchase under the renewed program?
CI&T may repurchase up to five million of its outstanding class A common shares.
When was the renewal of the share repurchase program approved?
The renewal was approved by the Board of Directors on December 19, 2024.
What type of shares are eligible for repurchase?
The program allows for the repurchase of outstanding class A common shares.
Who approved the renewal of the share repurchase program?
The Board of Directors of CI&T Inc. approved the renewal.
What is the ticker symbol for CI&T Inc. on the NYSE?
The ticker symbol for CI&T Inc. on the NYSE is CINT.
Filing Stats: 441 words · 2 min read · ~1 pages · Grade level 16.3 · Accepted 2024-12-19 16:27:49
Filing Documents
- cint20241219_6k.htm (6-K) — 12KB
- 0001292814-24-004620.txt ( ) — 13KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: December 19, 2024 CI&T Inc By: /s/ Stanley Rodrigues ____________________________________ Name: Stanley Rodrigues Title: Chief Financial Officer