StoneCo Announces Repurchase Program
03 Outubro 2023 - 7:02PM
StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”)
announced that its Board of Directors, pursuant to written
resolutions dated September 21, 2023, has authorized a share
repurchase program, under which Stone may repurchase up to R$ 300
million in outstanding Class A common shares.
The repurchase program goes into effect as of
the date of the Board Resolution. The 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.
About StoneCo
StoneCo is a leading provider of financial
technology and software solutions that empower merchants to conduct
commerce seamlessly across multiple channels and help them grow
their businesses.
Forward-Looking Statements
This 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.
Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond Stone’s control.
Stone’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.
Contact:
Investor Relationsinvestors@stone.co
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