Technos (TECN3) unanimously approved, at a Board of Directors meeting held on November 9, 2026, a new buyback program limited to 6,000,000 shares. The Board also approved the cancellation of 500,000 common shares held in treasury, with no reduction in the value of the share capital.
The canceled shares represent 59.0% of treasury shares and 0.8% of total share capital. As a result, Technos' share capital will be divided into 59,676,215 common shares, all registered, book-entry and with no par value. Article 5 of the Bylaws will be amended at a General Meeting to be called.
The program's objectives are to acquire shares to hold in treasury, for later cancellation or disposal, to meet obligations under the Stock Option Plan and the Restricted Stock Grant Plan (Matching), and to maximize value creation for shareholders.
The maximum term for the acquisitions is 18 months, from November 10, 2026 to May 10, 2028. The intermediary institution will be Itaú Corretora de Valores S.A. Funds available in profit or capital reserves, as determined in the latest available financial statements, will be used.
The Board also ratified the termination of the previous buyback plan, approved on May 12, 2025.
