Share Buyback Programs
In accordance with the Brazilian Corporations Law (Lei das Sociedades por Ações), CVM Resolution No. 77, dated March 29, 2022, and the Company’s Bylaws, the Board of Directors may approve share buyback programs involving shares issued by the Company, subject to the applicable legal limits and the availability of funds.
The shares acquired may be held in treasury, cancelled, sold in the market, or used to fulfill obligations arising from Long-Term Incentive Plans based on shares, as approved by the General Shareholders’ Meeting and/or the Board of Directors, as applicable.
Click here to access the Material Fact regarding the ongoing Share Buyback Program, approved by the Company’s Board of Directors.
| Current Program | 2nd Share Buyback Program |
| Approval date | 05/25/2026 |
| Term | 18 months |
| Maximum authorized quantity of common shares | 13,642,846 |
| Percentage of Free float | Up to 2.5% |
| Outstanding shares on the approval date | 556,690,345 |
| Treasury shares on the approval date | 2,292,560 |
History of Share Buyback Programs
| Program | Approval | Deadline | Maximum quantity | Shares acquired | Status |
| 1st Program | 11/19/2024 | 05/19/2026 | 16,130,245 | 2,487,400 | Closed |
| 2nd Program | 05/25/2026 | 11/25/2027 | 13,642,846 | Ongoing | Active |