The Board of Directors of C&A Modas (CEAB3) approved, at a meeting held on November 4, 2026, the cancellation of 6.3 mn common shares held in treasury (6,306,587 shares), with no reduction in share capital. The volume corresponds to approximately 2.05% of the company's total shares. According to the company, the cancellation permanently contributes to an increase in earnings per share, all other conditions being equal.
At the same meeting, the board recorded the early termination of the 4th Share Buyback Program, approved on May 5, 2026, which provided for the purchase of up to 10 mn shares. The program reached approximately 99.9% execution, with 9.99 mn shares repurchased, about 3.2% of C&A's total shares. The average price was R$ 10.24, with a disbursement of approximately R$ 102.4 mn.
The 5,875,358 shares that remain in treasury will be used to settle the 2024, 2025 and 2026 Long-Term Incentive (ILP) Programs, with payments scheduled through the end of 2029.
With the cancellation, the number of shares in the share capital falls from 308,245,068 to 301,938,481 common shares, with no change in the capital amount. The change will be reflected in Article 6 of the Bylaws and submitted for ratification at the 2027 Annual and Extraordinary General Shareholders' Meeting.
