BuybackAug 3, 2026, 05:16 PM
LATAM Airlines Approves New 5% Share Buyback Program
AI Summary
LATAM Airlines Group S.A. announced that its Extraordinary Shareholders' Meeting approved a new share buyback program. The program authorizes the company to acquire up to 5% of its subscribed and paid shares, totaling up to 28,710,799,185 shares, over a five-year period. The purpose is to efficiently allocate company resources and generate value for shareholders. The Board of Directors has been granted authority to determine acquisition prices and methods, including direct market purchases and subsequent disposal of shares.
Key Highlights
- Shareholders approved a new share buyback program.
- The program allows for the acquisition of up to 5% of subscribed and paid shares.
- This amounts to up to 28,710,799,185 shares out of 574,215,983,709 total shares.
- The new buyback program will have a duration of 5 years.
- The Board of Directors is authorized to set minimum and maximum acquisition prices.
- The Board can acquire shares on stock exchanges, including direct market purchases up to 1% of capital within 12 months.
- The Board can also dispose of acquired shares, up to 1% of capital within 12 months.
Price Impact
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