XP Announces New Share Repurchase Program Of Up To The Amount In Dollars Equivalent To R$1.0 Billion (One Billion Brazilian Reais) Of Its Outstanding Class A Common Shares In The Open Market
XP Announces New Share Repurchase Program Of Up To The Amount In Dollars Equivalent To R$1.0 Billion (One Billion Brazilian Reais) Of Its Outstanding Class A Common Shares In The Open Market
XP Inc. (NASDAQ:XP), announced today that its board of directors has approved a new share repurchase program. Under the repurchase program, XP may repurchase up to the amount in dollars equivalent to R$1.0 billion (one billion Brazilian Reais) of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on November 20th, 2024 continuing until the earlier of the completion of the repurchase or November 20th 2025, depending upon market conditions. XP's board of directors will review the repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue the repurchase program. XP expects to utilize its existing cash to fund repurchases made under the repurchase program.
XP Inc.（纳斯达克股票代码：XP）今天宣布，其董事会已批准一项新的股票回购计划。根据回购计划，XP可以根据现行市场价格或私下谈判的交易在公开市场上回购其已发行的A类普通股中不超过相当于10亿雷亚尔（10亿巴西雷亚尔）的美元金额，该期限从2024年11月20日开始，持续到回购完成的前一天或2025年11月20日，视市场状况而定。XP董事会将定期审查回购计划，并可能授权调整其条款和规模，或者暂停或终止回购计划。XP预计将利用其现有现金为回购计划下的回购提供资金。
