BuybackJul 8, 2026, 05:27 PM
LATAM Airlines Board Approves Share Buyback Vote
AI Summary
LATAM Airlines Group S.A. announced that its Board of Directors approved summoning an Extraordinary Shareholders' Meeting to consider a new share acquisition program. The proposed program would allow for the acquisition of up to 5% of the company's total subscribed and paid shares, with a maximum duration of five years. The meeting is scheduled for August 3, 2026, to vote on the program's details and delegate implementation powers to the Board.
Key Highlights
- Board of Directors approved summoning an Extraordinary Shareholders' Meeting.
- Meeting to consider approval of a new share acquisition program.
- Program may not exceed 5% of total subscribed and paid shares.
- Program duration may not exceed five years.
- Extraordinary Shareholders' Meeting scheduled for August 3, 2026, at 15:00.
- Shareholders to vote on establishing program details, including maximum amount and duration.
- Shareholders to delegate powers to the Board for program implementation, direct market acquisition, and sale of acquired shares.
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