LATAM Airlines shareholders approved 5% share buyback program at extraordinary meeting

Reuters2026/08/03 21:11

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LATAM Airlines Group SA held an extraordinary shareholders’ meeting on Aug. 3, 2026.
Shareholders adopted a new share repurchase program for up to 5% of subscribed and paid shares, or 28,710,799,185 shares, over five years.
The board was authorized to set and revise the program’s minimum and maximum purchase prices; no purchases were confirmed.
The board was empowered to execute buybacks via pro rata exchange mechanisms, with any shortfall eligible for open-market purchases; no execution was reported.
Separately, the board was authorized to buy up to 1% in any 12-month period in the open market, with discretion to dispose of up to 1% without preferential offers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LATAM Airlines Group SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001047716-26-000083), on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LATAM Airlines shareholders approved 5% share buyback program at extraordinary meeting

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