LATAM Airlines Shareholders Greenlight 5% Buyback, Authorizing Up to 28.7 Billion Shares
LTM sits 33% above its 52-week low of $41.41.
Summary
LATAM Airlines shareholders approved a new share repurchase program for up to 5% of outstanding shares (28.7 billion shares) over five years, with the board authorized to set pricing and execute purchases.
Key Events · Financing and Capital Events · LTM
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5% Buyback Program Approved
At the Extraordinary Shareholders' Meeting, a new repurchase program was approved for up to 28,710,799,185 shares, representing 5% of the 574,215,983,709 total shares outstanding.
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Five-Year Authorization
The program carries a 5-year duration from today, August 3, 2026, and the board is authorized to set minimum and maximum acquisition prices, with the flexibility to modify them at its discretion.
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Flexible Execution Parameters
In any 12-month period, the board may acquire up to 1% of share capital directly in the market without pro rata procedures, and may dispose of up to 1% of acquired shares without a preferential offering.
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Follows July 8 Proposal
This approval finalizes the repurchase program proposed on July 8, 2026, moving from a board recommendation to a shareholder-authorized mandate.
Analysis · LTM · Energy & Transportation
Shareholders approved a new 5% share repurchase program, authorizing the board to buy back up to 28.7 billion shares over five years. This follows the July 8 proposal and signals confidence in capital allocation. The program represents a significant potential return of capital, though actual execution depends on board discretion and market conditions.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 29.2% of the 1584 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LTM was trading at $55.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $15.3B. The 52-week trading range was $41.41 to $70.42. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.