StoneCo Launches $343.9 Million Share Buyback

MT Newswires Live

2024/11/22

StoneCo (STNE) said late Thursday it has authorized the repurchase up to 2 billion Brazilian reais ($343.9 million) in outstanding class A common shares.

The buyback program has no expiration date.

The new authorization replaces a previous share repurchase program launched about a year ago in which the company bought back 13.2 million shares for $178.3 million, the company said.

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