StoneCo. Announces New Share Repurchase Program of up to R$ 2 billion

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George Town, Grand Cayman--(Newsfile Corp. - November 21, 2024) - StoneCo Ltd. (NASDAQ: STNE) (B3: STOC31) ("Stone" or "the Company") announced that its Board of Directors, pursuant to written ...

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(NASDAQ: STNE) (B3: STOC31) (\"Stone\" or \"the Company\") announced that its Board of Directors, pursuant to written ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stoneco-announces-share-repurchase-program-231000047.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>StoneCo. 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Announces New Share Repurchase Program of up to R$ 2 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 07:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stoneco-announces-share-repurchase-program-231000047.html><strong>Newsfile</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>George Town, Grand Cayman--(Newsfile Corp. - November 21, 2024) - StoneCo Ltd. (NASDAQ: STNE) (B3: STOC31) (\"Stone\" or \"the Company\") announced that its Board of Directors, pursuant to written ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stoneco-announces-share-repurchase-program-231000047.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/stoneco-announces-share-repurchase-program-231000047.html","article_id":"2485783854","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zggfZmAEwQVeNYVwe9ML1g--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/newsfile_64/a4c245702145334e8d5247c90e74a3a1"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/stoneco-announces-share-repurchase-program-231000047.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2485783854","pubTimestamp":1732230600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"George Town, Grand Cayman-- - StoneCo Ltd.    announced that its Board of Directors, pursuant to written resolutions dated November 21st, 2024, has authorized a share repurchase program, under which Stone may repurchase up to R$ 2 billion in outstanding Class A common shares. The program approved does not have a fixed expiration date.This new share repurchase program replaces the previous share repurchase program announced by Stone on November 14th, 2023. Under the former program, Stone repurchased a total of 13,202,939 shares at an average price of US$ 13.52 per share, totaling US$ 178.3 million.\"We are pleased to announce the completion of our previous R$1 billion share repurchase program, underscoring our robust financial position. As part of our ongoing commitment to maximizing shareholder returns, we continuously evaluate the most effective use of our resources. Confident in our long-term vision, we have approved a new buyback program to seize the current market opportunities. Fur","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","BK4559":"巴菲特持仓","BK4566":"资本集团","BK4227":"交易和支付处理服务","BK4106":"数据处理与外包服务","STNE":"StoneCo"},"translate_title":"斯通科。宣布高达20亿雷亚尔的新股回购计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STNE":1},"content_text":"George Town, Grand Cayman--(Newsfile Corp. - November 21, 2024) - StoneCo Ltd. (NASDAQ: STNE) (B3: STOC31) (\"Stone\" or \"the Company\") announced that its Board of Directors, pursuant to written resolutions dated November 21st, 2024, has authorized a share repurchase program, under which Stone may repurchase up to R$ 2 billion in outstanding Class A common shares. The program approved does not have a fixed expiration date.\nThis new share repurchase program replaces the previous share repurchase program announced by Stone on November 14th, 2023. Under the former program, Stone repurchased a total of 13,202,939 shares at an average price of US$ 13.52 per share, totaling US$ 178.3 million.\n\"We are pleased to announce the completion of our previous R$1 billion share repurchase program, underscoring our robust financial position. As part of our ongoing commitment to maximizing shareholder returns, we continuously evaluate the most effective use of our resources. Confident in our long-term vision, we have approved a new buyback program to seize the current market opportunities. Furthermore, we are finalizing a structured framework to guide our capital allocation strategy, which will enhance transparency and align with our strategic priorities once shared with the market,\" said Pedro Zinner, CEO.\nThe share repurchases may be made from time to time through open market transactions, block trades, privately negotiated transactions, or otherwise and are subject to market and business conditions, levels of available liquidity, cash requirements for other purposes, regulatory, and other relevant factors.\nAbout StoneCo\nStoneCo is a leading provider of financial services and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses. \nForward-Looking Statements\nThis press release contains \"forward-looking statements\" within the meaning of the \"safe harbor\" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. These statements identify prospective information and may include words such as \"believe,\" \"may,\" \"will,\" \"aim,\" \"estimate,\" \"continue,\" \"anticipate,\" \"intend,\" \"expect,\" \"forecast,\" \"plan,\" \"predict,\" \"project,\" \"potential,\" \"aspiration,\" \"objectives,\" \"should,\" \"purpose,\" \"belief,\" and similar, or variations of, or the negative of such words and expressions, although not all forward-looking statements contain these identifying words.\nForward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Stone's control.\nStone's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: more intense competition than expected, lower addition of new clients, regulatory measures, more investments in our business than expected, and our inability to execute successfully upon our strategic initiatives, among other factors.\n\nContact:\nInvestor Relationsinvestors@stone.co\n\n\nTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/230978","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485783854"}