XP Inc. (XP) Announces 2.5M Share Buyback

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Go back to XP Inc. (XP) Announces 2.5M Share Buyback

XP Inc Announces New Share Repurchase Program

February 27, 2024 4:11 PM EST

SÃO PAULO--(BUSINESS WIRE)-- XP Inc. (Nasdaq: XP), announced today that its board of directors has approved a new share repurchase program, which aims to neutralize future shareholder dilution due to the vesting of Restricted Stock Units (RSUs) from the Companys long-term incentive plan. The Company proposes to undertake a share repurchase program pursuant to which the Board can annually, in each calendar year, approve the repurchase by the Company of a number of Class A Common Shares equal to the number of RSUs that have vested or will vest during the... More