Vale S.A. Buys Back 2.11% of Shares
Ticker: VALE · Form: 6-K · Filed: Sep 10, 2024 · CIK: 917851
| Field | Detail |
|---|---|
| Company | Vale S.A. (VALE) |
| Form Type | 6-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, 6-K, disclosure
Related Tickers: VALE
TL;DR
Vale just bought back a chunk of its own stock - 2.11%!
AI Summary
Vale S.A. reported on August 31, 2024, that it purchased 95,817,187 shares of its own common stock (VALE3), representing 2.11% of the total capital for that class of shares. This filing is a Form 6-K, indicating a report of a foreign private issuer for the month of September 2024.
Why It Matters
Significant share repurchases can signal management's confidence in the company's valuation and potentially boost earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of share repurchases and does not contain significant new risks.
Key Numbers
- 95,817,187 — Shares Purchased (Represents a significant buyback by Vale S.A.)
- 2.11% — Percentage of Capital (Indicates the proportion of the company's shares repurchased)
Key Players & Entities
- Vale S.A. (company) — Issuer of the filing
- VALE3 (company) — Ticker symbol for Vale S.A. common stock
- 95,817,187 (dollar_amount) — Number of shares purchased
- 2.11% (dollar_amount) — Percentage of total capital represented by shares purchased
- August 31, 2024 (date) — Date of share purchase
- September 2024 (date) — Reporting period for the 6-K filing
FAQ
What type of filing is this?
This is a Form 6-K, a Report of Foreign Private Issuer.
What company is this filing about?
The filing is about Vale S.A.
What action did Vale S.A. take on August 31, 2024?
Vale S.A. purchased 95,817,187 shares of its own common stock (VALE3).
What percentage of its capital did Vale S.A. repurchase?
Vale S.A. repurchased 2.11% of the total capital for the class of shares.
What is the reporting period for this 6-K filing?
The filing is for the month of September 2024.
Filing Stats: 769 words · 3 min read · ~3 pages · Grade level 8.5 · Accepted 2024-09-10 17:12:41
Filing Documents
- valecvm358aug24_6k.htm (6-K) — 115KB
- 0001292814-24-003424.txt ( ) — 116KB
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. Vale S.A. (Registrant) By: /s/ Thiago Lofiego Date: September 10, 2024 Director of Investor Relations