On Tuesday, August 4, 2026, TOTVS (TOTS3) approved the cancellation of 20,000,000 common shares issued by the company, repurchased under the 2026 Share Buyback Program I and held in treasury, equivalent to 3.34% of the total shares. After the cancellation, the company’s share capital will be divided into 579,401,581 common shares, all registered, book-entry, and with no par value.
On the same day, the Board of Directors of TOTVS approved the creation of the 2026 Share Buyback Program II, which will allow the acquisition of up to 30,000,000 common shares issued by the company itself, with the stated purpose of maximizing value creation for shareholders and promoting the efficient allocation of capital. The shares repurchased under this new program will be cancelled, pursuant to applicable law.
The 2026 Share Buyback Program II will be in effect until August 5, 2027. On the date of the material fact, TOTVS reported having 515,889,217 shares outstanding. The purchases will be made with funds from the capital reserve recorded in the financial statements for the first quarter of 2026 and may be executed through the brokerages BTG Pactual, Itaú Corretora de Valores and Santander Corretora de Câmbio e Valores Mobiliários.
