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LATAM Airlines Group (LTM) approves 5% share buyback over five years

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

LATAM Airlines Group S.A. approved at an Extraordinary Shareholders’ Meeting a new program to acquire up to 5% of its subscribed and paid shares, equal to 28,710,799,185 shares. Total share capital is 574,215,983,709 shares as of the meeting date; this is a baseline figure, not the amount authorized for repurchase.

The program will run for 5 years from the meeting date. The Board of Directors may set and modify minimum and maximum purchase prices and execute purchases in one or more transactions via stock exchanges using pro rata systems, and, if the target percentage is not met, directly in the market (“en rueda”).

The Board is also authorized to acquire shares directly in the market in an amount up to 1% of share capital within any 12‑month period, without applying the pro rata procedure, and to dispose of shares acquired under the program in an amount up to 1% of share capital within any 12‑month period without preferential rights, subject to Corporations Law conditions. The company states this program is intended as an efficient allocation of resources to generate value for the company and its shareholders.

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Maximum buyback percentage 5% of subscribed and paid shares New share acquisition program approved at Extraordinary Shareholders’ Meeting
Shares authorized for repurchase 28,710,799,185 shares Maximum number of shares under the new program
Total share capital 574,215,983,709 shares Total subscribed and paid shares as of the meeting date
Program duration 5 years Length of new share acquisition program from the meeting date
Additional annual acquisition limit 1% of share capital per 12 months Board authority to buy shares directly in the market without pro rata
Annual disposal limit 1% of share capital per 12 months Board authority to dispose of shares acquired under the program
Extraordinary Shareholders’ Meeting regulatory
"At an Extraordinary Shareholders’ Meeting of LATAM held on this date"
An extraordinary shareholders’ meeting is a special gathering called outside the regular annual meeting to vote on urgent or significant company matters, such as large mergers, major asset sales, changes to control, or amendments to governing rules. Think of it as a town-hall called when something important arises that owners must approve; investors should pay attention because outcomes can change a company’s strategy, value, or their ownership stakes quickly.
Corporations Law regulatory
"in accordance with Articles 27 A through 27 C and other applicable provisions of the Corporations Law"
pro rata acquisition financial
"through systems that allow the pro rata acquisition of the shares tendered"
preferentially to the shareholders regulatory
"without having to offer them preferentially to the shareholders"
in the market (“en rueda”) financial
"the remaining balance may be purchased directly in the market (“en rueda”)"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What share repurchase program did LATAM Airlines Group (LTM) approve?
LATAM Airlines Group approved a new share acquisition program allowing the company to buy back up to 5% of its subscribed and paid shares, equivalent to 28,710,799,185 shares, over a 5‑year period starting from the Extraordinary Shareholders’ Meeting date.

How many total shares does LATAM Airlines Group (LTM) have outstanding?
LATAM Airlines Group’s share capital consists of 574,215,983,709 shares as of the Extraordinary Shareholders’ Meeting date. The new repurchase program covers up to 28,710,799,185 of these shares, representing 5% of the subscribed and paid share capital.

How long will LATAM Airlines Group’s (LTM) new share buyback program last?
The new share acquisition program for LATAM Airlines Group will last for 5 years from the date of the Extraordinary Shareholders’ Meeting. During this period, the Board may execute one or multiple transactions within the parameters approved by shareholders to acquire the company’s shares.

What authority does the LATAM Airlines Group (LTM) Board have over buyback pricing?
The Board of Directors is authorized to set and modify the minimum and maximum acquisition price for shares under the new program. It may adjust these price limits as many times as it deems necessary, acting at its own discretion within the approved framework.

How can LATAM Airlines Group (LTM) execute share repurchases under the new program?
LATAM may acquire shares via stock exchanges using systems that allow pro rata acquisition of tendered shares. If the intended percentage is not reached, the remaining balance can be bought directly in the market (“en rueda”) under the conditions of Article 27 B of the Corporations Law.

What ongoing 1% limits apply to LATAM Airlines Group’s (LTM) share transactions?
Separately from the main 5% program, the Board may acquire shares directly in the market representing up to 1% of share capital in any 12‑month period, and may dispose of shares acquired under the program up to 1% per 12‑month period without preferential rights, subject to legal conditions.

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
August 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: August 3, 2026LATAM AIRLINES GROUP S.A.
By:/s/ Ricardo Bottas Dourado Dos Santos
Name: Ricardo Bottas Dourado Dos Santos
Title:CFO



























image_1.jpg


MATERIAL FACT
LATAM AIRLINES GROUP S.A
Issuer of Securities Registered in the Securities Registry


Santiago, August 3, 2026



Mrs.
Catherine Tornel León
President
Commission for the Financial Market
Av. Libertador Bernardo O´Higgins 1449
PRESENT
Ref.: MATERIAL FACT
image_0.jpg

Dear President:

In accordance with Article 9 and the second paragraph of Article 10 of Law No. 18,045, as well as General Rule No. 30, and duly authorized to this effect, I hereby report the following Material Fact regarding LATAM Airlines Group S.A. (“LATAM” or the “Company”):

1.At an Extraordinary Shareholders’ Meeting of LATAM held on this date (the “Meeting”), a new program for the acquisition of the Company’s own shares was approved in accordance with Articles 27 A through 27 C and other applicable provisions of the Corporations Law (the “New Program”), for up to 5% of the subscribed and paid shares into which the Company’s share capital is divided as of this date, that is, for up to 28,710,799,185 shares out of a total of 574,215,983,709 shares. The New Program shall have a duration of 5 years counted from the date of the Meeting and, given the reasons presented at the Meeting, shall have as its purpose the acquisition of the Company’s own shares, in a single transaction or a series of transactions, under the conditions determined by the Board of Directors and within the parameters approved by the Meeting, as it is deemed that this constitutes an efficient allocation of the Company’s resources to generate value for the Company and its shareholders as a whole.

2.Among other matters delegated to the Board of Directors, the Meeting authorized it to set the minimum and maximum acquisition price for the shares under the New Program, being fully authorized to modify such determination as many times as it deems necessary, at its own discretion. The Meeting also resolved to authorize the Board of Directors so that, in accordance with Article 27 B of the Corporations Law, it may carry out the acquisition of the shares subject to the New Program, in one or more transactions and at such times as it deems appropriate, on stock exchanges through systems that allow the pro rata acquisition of the shares tendered and, should the percentage set for acquisition not be reached, the remaining balance may be

image_1.jpg
purchased directly in the market (“en rueda”). Additionally, the Board of Directors remain authorized at all times to acquire shares directly in the market (“en rueda”) in an amount representing up to 1% of the Company’s share capital within any 12-month period, without the need to apply the pro rata procedure, under the terms provided in the aforementioned Article 27 B. Likewise, the Board of Directors was authorized so that, should it deem it appropriate to dispose of all or part of the shares acquired under the New Program, it may dispose of them in an amount representing up to 1% of the Company’s share capital within any 12-month period, without having to offer them preferentially to the shareholders, provided that the conditions set forth in Article 27 C of the Corporations Law are met.

                    Sincerely,


Ricardo Bottas Dourado Dos Santos
Chief Financial Officer
LATAM Airlines Group S.A.



c.c.:
Santiago Stock Exchange, Stock Exchange.
Chilean Electronic Stock Exchange, Stock Exchange

Source: View Original Filing on SEC EDGAR

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