LATAM Airlines approves 1% share buyback plan
LATAM says it can repurchase shares worth up to 1% of its capital on the Santiago exchange over 180 days starting Sept. 1, 2026.
Rhea-AI Filing Summary
LATAM Airlines Group S.A. (LTM) announced that its Board of Directors approved the commencement of a share repurchase program previously authorized at the Extraordinary Shareholders’ Meeting held on August 3, 2026. The company may acquire up to 1% of its share capital through market purchases on the Santiago Stock Exchange under market conditions.
The program will run for 180 days from September 1, 2026, without applying a pro rata procedure, in line with Article 27 B of the Corporations Law. Any extension of the 180‑day period will be disclosed as material information on the company’s investor relations website.
Positive
- Board approved a share repurchase program of up to 1% of share capital, signaling an authorized return of capital to shareholders.
- Repurchases may be made over 180 days under market conditions, providing flexibility in execution.
Negative
- None.
Key Figures
Key Terms
Material Fact regulatory
pro rata procedure financial
Corporations Law regulatory
FAQ
How will investors learn if LATAM extends the 180-day buyback period?
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