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Banco BMG to acquire about 12 million preferred shares under buyback program

Banco BMG SA's board has approved a share buyback program in which 11,994,003 preferred shares will be acquired.

The program will run from Dec. 11 to Dec. 8, 2020, and will be intermediated by Inter Distribuidora de Títulos e Valores Mobiliários Ltda.

Shares to be acquired will be held in treasury or for cancellation or replacement in the market. They may also be allotted as remuneration to the bank's executives.