XP Inc.'s board of directors approved a new share repurchase program, authorizing the company to repurchase up to R$1.0 billion of its outstanding Class A common shares. This program commenced on November 20, 2024, and is set to continue until November 20, 2025, or until the completion of the repurchase.
The repurchases will be conducted in the open market or through privately negotiated transactions, with funding sourced from the company's existing cash reserves. This initiative aims to optimize XP's capital structure and enhance shareholder value.
The actual timing, volume, and value of shares acquired under the program are subject to market conditions and other factors. The program does not impose an obligation on XP to acquire any specific number of shares within any given period.
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