Quálitas Controladora SAB de CV's shareholders will vote in an April 18 meeting to reduce the company's share capital with the cancellation of 15,000,000 shares, as a part of a program for which the board also proposes a 550.0 million Mexican peso share repurchase.

In addition, the company's board proposes a dividend payment of 304.5 million pesos, or 70 centavos per share, which would be paid out on April 30, according to a statement.

In January, the shareholders of Quálitas Controladora approved a proposal to double the size of the company's share repurchase program by 300.0 million Mexican pesos to 600.0 million pesos.

As of March 19, US$1 was equivalent to 18.74 Mexican pesos.