Benzinga | Jan 27, 2022 02:03PM EST

Afya Adopts 1.8M Share Buyback Program

* Afya Ltd (NASDAQ:AFYA) Board of Directors has approved a new share repurchase program to repurchase up to 1.8 million of its shares, representing 4% of its free float.

* The company plans to begin the repurchase program on January 27, 2022, and complete it by December 31, 2022.

* Afya expects to utilize its existing funds and future dividends to be received from Afya Participa??es to fund repurchases made under this program.

* Price Action: AFYA shares traded higher by 9.39% at $13.98 on the last check Thursday.