XP Inc. Announces New Share Repurchase Program
XP Inc. (Nasdaq: XP) has announced a new share repurchase program approved by its board of directors. The program allows for the repurchase of up to R$1.0 billion worth of Class A common shares, either through open market or private transactions. The program will run from November 20th, 2024 to November 20th, 2025. XP plans to use existing cash to fund the repurchases, which will be executed through an appointed broker. The actual timing, number, and value of shares repurchased will depend on various factors, including price, market conditions, and alternative investment opportunities.
XP Inc. (Nasdaq: XP) ha annunciato un nuovo programma di riacquisto di azioni approvato dal suo consiglio di amministrazione. Il programma prevede il riacquisto di azioni ordinarie di Classe A per un valore massimo di 1,0 miliardi di R$, sia tramite operazioni sul mercato aperto che transazioni private. Il programma si svolgerà dal 20 novembre 2024 al 20 novembre 2025. XP prevede di utilizzare la liquidità esistente per finanziare i riacquisti, i quali saranno eseguiti tramite un intermediario nominato. La tempistica reale, il numero e il valore delle azioni riacquistate dipenderanno da vari fattori, tra cui il prezzo, le condizioni di mercato e le opportunità di investimento alternative.
XP Inc. (Nasdaq: XP) ha anunciado un nuevo programa de recompra de acciones aprobado por su consejo de administración. El programa permite la recompra de hasta 1.0 mil millones de R$ en acciones ordinarias de Clase A, ya sea a través del mercado abierto o de transacciones privadas. El programa se llevará a cabo del 20 de noviembre de 2024 al 20 de noviembre de 2025. XP planea utilizar efectivo existente para financiar las recompras, que se ejecutarán a través de un corredor designado. La realidad de la temporización, el número y el valor de las acciones recompradas dependerán de varios factores, incluyendo precio, condiciones de mercado y oportunidades de inversión alternativas.
XP Inc. (Nasdaq: XP)는 이사회에서 승인된 새로운 자사주매입 프로그램을 발표했습니다. 이 프로그램은 공개 시장 또는 사적 거래를 통해 최대 10억 레알의 A 클래스 보통주를 매입할 수 있도록 합니다. 프로그램은 2024년 11월 20일부터 2025년 11월 20일까지 운영됩니다. XP는 매입을 위해 기존 현금을 사용할 계획이며, 지명된 중개인을 통해 실행될 것입니다. 실제 매입의 시기, 수량 및 가치는 가격, 시장 조건 및 대체 투자 기회 등 여러 요인에 따라 달라질 것입니다.
XP Inc. (Nasdaq: XP) a annoncé un nouveau programme de rachat d'actions approuvé par son conseil d'administration. Le programme permet le rachat jusqu'à 1,0 milliard de R$ d'actions ordinaires de Classe A, que ce soit sur le marché ouvert ou par le biais de transactions privées. Le programme s'étendra du 20 novembre 2024 au 20 novembre 2025. XP prévoit d'utiliser les liquidités existantes pour financer les rachats, qui seront exécutés par l'intermédiaire d'un courtier désigné. La chronologie réelle, le nombre et la valeur des actions rachetées dépendront de divers facteurs, y compris le prix, les conditions du marché et les opportunités d'investissement alternatives.
XP Inc. (Nasdaq: XP) hat ein neues Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm sieht den Rückkauf von bis zu 1,0 Milliarden R$ an Stammaktien der Klasse A vor, entweder über den offenen Markt oder durch private Transaktionen. Das Programm läuft vom 20. November 2024 bis zum 20. November 2025. XP plant, vorhandenes Bargeld für die Rückkäufe zu verwenden, die über einen beauftragten Broker durchgeführt werden. Der tatsächliche Zeitpunkt, die Anzahl und der Wert der zurückgekauften Aktien hängen von verschiedenen Faktoren ab, einschließlich Preis, Marktbedingungen und alternativen Investitionsmöglichkeiten.
- Authorization of R$1.0 billion share repurchase program
- Company has sufficient cash reserves to fund the buyback
- Potential to enhance shareholder value through stock price support
- Significant cash outlay could reduce funds available for business operations or growth initiatives
Insights
The
The use of existing cash for buybacks indicates robust liquidity position, though investors should monitor the balance between capital return and growth investments. The implementation under SEC Rules 10b-18 and 10b5-1 provides regulatory compliance and trading transparency. The program's structure, with no minimum purchase requirement, gives management tactical flexibility to optimize timing and price points.
SÃO PAULO--(BUSINESS WIRE)--
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
The board of directors of XP has authorized management to appoint a broker for the repurchase program to purchase the Class A common shares on its behalf in the open market. Such purchases may benefit from the safe harbors provided by Rule 10b-18 and/or Rule 10b5-1, promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.
The actual timing, number and value of shares repurchased under the repurchase program will depend on several factors, including constraints specified in the Rule 10b-18, price, general business and market conditions, and alternative investment opportunities. The repurchase program does not obligate XP to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.
About XP
XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in
- Educating new classes of investors;
- Democratizing access to a wider range of financial services;
- Developing new financial products and technology applications to empower clients; and
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Providing high-quality customer service and client experience in the industry in
Brazil .
XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," “aim,” "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control. XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241119242576/en/
Investor Contact: ir@xpi.com.br
IR Website: investors.xpinc.com
Source: XP Inc.
FAQ
What is the size of XP's new share repurchase program?
When does XP's share repurchase program begin and end?
How will XP fund the share repurchase program?
What factors will determine XP's actual share repurchases?
