Homebuilder Tenda (TEND3) approved at a meeting of its Board of Directors held on September 30, 2026 a new share buyback plan, which allows the company to acquire up to 5,000,000 of its own common shares, as well as enter into derivative contracts referenced to shares it has issued (total return swap). The plan aims to maximize value creation for shareholders through capital structure management.
There are currently 122,578,152 Tenda-issued common shares outstanding, and the company does not hold any treasury shares. Share purchase or sale transactions will be carried out on B3 – Brasil, Bolsa, Balcão, at market prices, with a maximum settlement period of 12 months, starting on September 30, 2026. The acquisition of shares will be intermediated by Itaú Corretora de Valores S.A. and Banco Bradesco/Agora Corretora de Títulos e Valores Mobiliários S.A.
According to the company, if transactions are carried out under the buyback plan, there will be no change in the composition of Tenda’s controlling shareholders or its management structure. The Board of Directors also states that the authorized transactions will not impair the company’s ability to meet its obligations or pay mandatory dividends, taking into account its liquidity, indebtedness and cash generation.
With regard to the derivative contracts, Tenda reports that, as these are total return swap transactions with cash settlement only, there will be no acquisition or disposal of shares by the company. The purpose of these contracts is to hedge the company’s exposure to the price of its own shares, reducing the effects of price fluctuations given its commitments related to stock-based compensation for executives and employees.
