Sucro Limited Implements Board Changes and Authorizes a New Stock Purchase Plan

CORAL GABLES, Fla., May 30, 2024 – Sucro Limited TSXV: SUG, an industry leader in sugar refinement primarily catering to the North American market, has officially announced today significant changes to its board of directors. These updates stem from the most recent elections held during its annual shareholder meeting. Furthermore, the Company has received approval for a novel stock purchase plan, aimed at facilitating greater shareholder value.

Detailed Board Restructuring at Sucro

The restructured board is anticipated to bring a fresh perspective and innovative strategies that align with Sucro’s operational goals and corporate ethics. The names and professional backgrounds of the new board members were not disclosed in the announcement; however, the Company ensures that the selection represents a robust mix of expertise and experience.

Shareholders Greenlight Stock Purchase Plan

In tandem with the board restructuring, Sucro’s shareholders have endorsed a stock purchase plan. This plan will enable current shareholders an opportunity to acquire additional shares of the Company. The details of the plan, including the timing and pricing of the stock purchase, have yet to be publicly shared. However, the move is seen as a strategic initiative to reward the Company's loyal investors and attract new investment by enhancing equity appeal.

This announcement underscores Sucro’s commitment to corporate governance and its proactive approach to shareholder engagement. With the implementation of the stock purchase plan, Sucro is poised to bolster its market presence and financial strength in the hyper-competitive sugar industry.

Sucro, Board, Stock