On Thursday, August 13, 2026, Locaweb (LWSA3) approved at a meeting of the board of directors its 5th share buyback program for its own issued shares, allowing the purchase of up to 50,000,000 common shares over a period of 18 months, between August 14, 2026 and February 14, 2028. At the same meeting, the company approved the cancellation of 18,578,978 common shares held in treasury, equivalent to 3.3% of the total shares.
With the cancellation of the treasury shares, Locaweb’s share capital is now divided into 549,982,372 common shares, all registered, book-entry and with no par value. Article 5 of the bylaws, which deals with share capital, will be adjusted at the company’s next general meeting.
According to the material fact, the main objective of the new buyback program is to maximize value creation for shareholders through a capital structure considered efficient. The shares acquired may remain in treasury for subsequent sale or cancellation, be used to meet stock option and stock-based compensation plans for executives and employees, or be delivered as payment in the acquisition of equity interests in other companies by Locaweb or its subsidiaries.
The company or its subsidiaries may use, for acquisitions under the 5th buyback program, funds from available profit and capital reserves, except for those provided for in CVM regulations, and/or earnings already realized in the current fiscal year, as verified in the most recent financial statements disclosed before each share transfer.
The buyback transactions will be carried out at market price and brokered by BTG Pactual Corretora de Títulos e Valores Mobiliários S.A., Goldman Sachs do Brasil Corretora de Títulos e Valores Mobiliários S.A., Itaú Corretora de Valores S.A. and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S/A. Additional information is available on the websites of Locaweb, B3 and the CVM.
