By Brazil Stock Guide – Ambipar Participações e Empreendimentos S.A. (B3: AMBP3) said in a material fact released this friday that a new CVM administrative proceeding refers only to a small and specific point concerning its share buyback program. The company stressed that the matter is limited in scope and bears no relation whatsoever to the previous case regarding a potential mandatory tender offer, which has already been closed with a decision in favor of the company.
The disclosure followed a report by O Globo.
According to Ambipar, the proceeding questions technical aspects of its buyback operations, which were primarily designed to support the company’s long-term incentive plan for executives. This plan, the company said, was structured to strengthen alignment between management and shareholder interests.
The company emphasized that the new case is minor in nature, affects no other areas of its operations, and is completely separate from the earlier tender offer discussion, already resolved with no obligation imposed on the controlling shareholder.
Ambipar also reaffirmed that it will exercise its right of defense and remains committed to corporate governance and transparency. The statement was signed by CEO Tercio Borlenghi Junior and Investor Relations Officer Pedro Borges Petersen.