White Plains / NY. (bl) Bunge Limited announced the following actions in accordance with its capital allocation framework. The company´s Board of Directors has authorized a new program for the repurchase of up to 500 million USD of Bunge´s common shares. The program has an indefinite term and replaces the previous 975 million USD repurchase program, which was completed in the first quarter of 2015. The repurchases may be made from time to time through a variety of means, including in the open market, in privately negotiated transactions or through other means as determined by Bunge, and in compliance with applicable legal requirements. The timing and number of shares repurchased will depend on a variety of factors, including share price and market conditions, and the program may be suspended or discontinued at any time. The Board of Directors also approved an increase in the company´s regular quarterly common share cash dividend, from 0.34 USD to 0.38 USD per share. The new dividend is payable on September 2, 2015 to shareholders of record on August 19, 2015. The company also declared a quarterly cash dividend of 1.21875 USD per share on its 4.875 percent cumulative convertible perpetual preference shares, payable on September 1, 2015 to shareholders of record on August 15, 2015.
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