Ibersol, the company that operates the KFC and Pizza Hut brands in Portugal, once again repurchased its own shares, now holding 2.0379% of the company’s capital.
In a statement sent to the Securities Market Commission (CMVM), Ibersol reports that on December 12 “it started to hold 833,465 own shares, representing 2.0379% of the share capital”.
Between December 8th and 12th, the group repeated what it has done in recent months to reduce the company’s capital.
On July 18, after a share reduction worth 615.7 thousand euros, the company’s capital increased from 41,514,818 euros to 40,899,126 euros.
The change, communicated to the CMVM at the time, occurred through the “extinction of 615,692 own shares, to release excess capital”, following a decision taken by shareholders at the general meeting held on May 29 of this year.
Ibersol launched a share buyback program in 2024 with the aim of extinguishing a maximum of 4,151,481 common shares.
The plan runs until November 29, 2026, unless the limit of shares or the maximum monetary amount defined in the buyback program is reached before that date.
Ibersol operates several international food brand restaurants. In addition to Pizza Hut and KFC, it also operates Pans & Company, Taco Bell, Pret a Manger, among others.