LATAM Airlines (LTM) seeks shareholder approval for 5% share buyback plan

Rhea-AI Filing Summary

LATAM Airlines Group S.A. is calling an Extraordinary Shareholders' Meeting to vote on creating a new share repurchase program. The proposed program would allow the company to buy back up to 5% of its total subscribed and paid shares, with a duration of up to five years as permitted by Chilean law.

The meeting is scheduled for August 3, 2026 at 15:00

Insights

Equity Capital Markets Analyst

LATAM is seeking flexibility for a modest share repurchase program.

LATAM Airlines Group plans an Extraordinary Shareholders' Meeting to authorize a Share Repurchase Program of up to 5% of total subscribed and paid shares, with a maximum duration of five years under Chilean corporate law.

The proposal would let shareholders set or delegate key parameters such as the maximum percentage, program objectives, duration, and minimum/maximum prices, while granting the Board broad authority to execute purchases in the market and potentially resell acquired shares following articles 27 A to 27 C of Law No. 18,046.

The impact will depend on the final percentage approved, actual buyback activity and timing after August 3, 2026. Subsequent disclosures will clarify execution details, including how actively the Board uses this authorization within the five-year limit.

Key Figures

Maximum buyback size: 5% of total subscribed and paid shares Program duration limit: Five years Extraordinary Meeting date: August 3, 2026, 15:00

3 metrics

Maximum buyback size 5% of total subscribed and paid shares Regulatory cap for proposed Share Repurchase Program

Program duration limit Five years Maximum allowed duration for buyback program under applicable regulations

Extraordinary Meeting date August 3, 2026, 15:00 Scheduled time to vote on Share Repurchase Program

Key Terms

Extraordinary Shareholders' Meeting, Share Repurchase Program, pro rata procedure, preferential offer process, +1 more

5 terms

Extraordinary Shareholders' Meeting financial

"The Extraordinary Shareholders' Meeting was summoned to be held on Monday, August 3, 2026, at 15:00"

A meeting convened outside the regular annual shareholders’ meeting to vote on specific, often urgent corporate actions such as mergers, major asset sales, changes to governance rules, or leadership appointments. Investors should care because decisions made at these meetings can alter a company’s strategy, ownership structure, or future profits — much like an emergency town hall where neighbors vote on a major change to the neighborhood that affects everyone’s property value.

Share Repurchase Program financial

"Create a program for the acquisition of shares issued by the Company (“Share Repurchase Program”)"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

pro rata procedure financial

"delegate to the Board of Directors the power to acquire shares directly in the market ("en rueda") without having to apply the pro rata procedure"

preferential offer process financial

"sell the acquired shares without having to go through a preferential offer process to shareholders"

Law No. 18,046 on Corporations regulatory

"in accordance with articles 27 A to 27 C and other relevant articles of Law No. 18,046 on Corporations"

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FAQ

What did LATAM Airlines Group S.A. (LTM) announce in this material fact?

LATAM Airlines Group S.A. announced that its Board has called an Extraordinary Shareholders' Meeting to vote on creating a new share repurchase program. The meeting will ask shareholders to authorize a structured plan for buying back the company’s own shares under Chilean corporate law.

How large could LATAM Airlines Group’s proposed share repurchase program be?

The proposed share repurchase program could allow LATAM Airlines Group to acquire up to 5% of its total subscribed and paid shares. This cap comes directly from applicable Chilean regulations, which limit both the maximum percentage repurchased and the program’s duration.

When is LATAM Airlines Group’s Extraordinary Shareholders' Meeting scheduled?

The Extraordinary Shareholders' Meeting is scheduled for Monday, August 3, 2026, at 15:00. At this meeting, shareholders will decide whether to approve the share repurchase program and define or delegate key parameters such as size, duration, objectives, and pricing framework.

What powers would LATAM Airlines Group’s Board receive under the repurchase program?

If approved, the Board would receive broad authority to implement the repurchase program in one or more transactions. It could acquire shares directly in the market and, if deemed appropriate, later sell repurchased shares without a preferential offer, subject to specific legal conditions.

Which laws govern LATAM Airlines Group’s proposed Share Repurchase Program?

The proposed Share Repurchase Program would be created under articles 27 A to 27 C and other relevant provisions of Chile’s Law No. 18,046 on Corporations. The material fact also cites Law No. 18,045 on the Securities Market and General Rule No. 30.

What specific matters will LATAM Airlines Group shareholders vote on regarding the buyback?

Shareholders will vote to create the Share Repurchase Program, set or delegate the maximum percentage, objectives, duration, and price range, empower the Board to execute purchases in the market, and authorize potential resale of acquired shares in line with articles 27 B and 27 C of Law No. 18,046.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________________________________________________________

FORM 6-K

_________________________________________________________________

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

July 2026

Commission File Number 1-14728

_________________________________________________________________

LATAM Airlines Group S.A.

(Translation of Registrant’s Name Into English)

_________________________________________________________________

Presidente Riesco 5711, 20th floor

Las Condes

Santiago, Chile

(Address of principal executive offices)

_________________________________________________________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F o

LATAM AIRLINES GROUP S.A.

The following exhibit is attached:

EXHIBIT NO.						DESCRIPTION
99.1						Material Fact

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 8, 2026			LATAM AIRLINES GROUP S.A.
			By:			/s/ Ricardo Bottas Dourado Dos Santos
			Name:			Ricardo Bottas Dourado Dos Santos
			Title:			CFO

MATERIAL FACT

LATAM AIRLINES GROUP S.A

Issuer of securities registered in the Securities Registry

    Santiago, July 8, 2026    

Mrs.

Catherine Tornel León

President

Commission for the Financial Market

Av. Libertador Bernardo O´Higgins 1449

Ref.: MATERIAL FACT

__________________________

Dear President:

In accordance with the provisions of Article 9 and the second paragraph of Article 10 of Law No. 18,045, on the Securities Market, as well as General Rule No. 30 of your Commission, the undersigned, duly authorized for this purpose, reports the following Material Fact regarding LATAM Airlines Group S.A. (the "Company"):

The Company’s Board of Directors, in a session held on this same date, approved to summon an Extraordinary Shareholders' Meeting to consider the approval of a new program for the acquisition of shares issued by the Company (the "Program"), for the acquisition of such percentage of the Company's shares as may be determined by the Shareholders' Meeting. In accordance with the applicable regulations, the Program may not contemplate the acquisition of more than 5% of the total subscribed and paid shares of the Company, nor have a duration exceeding five years.

The Extraordinary Shareholders' Meeting was summoned to be held on Monday, August 3, 2026, at 15:00, in order to submit the following matters to a vote:

(1) Create a program for the acquisition of shares issued by the Company (“Share Repurchase Program”), in accordance with articles 27 A to 27 C and other relevant articles of Law No. 18,046 on Corporations.

(2) Establish the maximum amount or percentage to be acquired, the objective and duration of the Share Repurchase Program; set the minimum and maximum price to be paid for the respective shares or delegate to the Board of Directors the power to set said price; and

(3) In connection with the program for the acquisition of shares: (i) empower the Board of Directors broadly for the purposes of implementing the agreements adopted at the Shareholders' Meeting, in one or more transactions, and at such times as it deems appropriate, through the mechanisms available in accordance with the applicable regulations; (ii) delegate to the Board of Directors the power to acquire shares directly in the market ("en rueda") without having to apply the pro rata procedure, under the conditions provided for in article 27 B of Law No. 18,046; (iii) if the Board of Directors deems it appropriate to sell all or part of the shares acquired under the Program, delegate to the Board of Directors the power to sell the acquired shares without having to go through a preferential offer process to shareholders, provided that it complies with the conditions provided for in article 27 C of Law No. 18,046; and (iv) adopt the other agreements necessary to approve and carry out the Program.

Sincerely,

Ricardo Bottas Dourado Dos Santos

CFO

LATAM Airlines Group S.A.

c.c.:

Santiago Stock Exchange, Stock Exchange.

Santiago Electronic Stock Exchange, Stock Exchange.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 10.0 KB