The Board of Directors of Positivo Tecnologia (POSI3) approved, on November 11, 2026, a new buyback program of up to 5,624,862 common shares, the 2026/2028 Program. It also approved the cancellation of 2,000,000 common shares held in treasury, with no reduction in share capital.
With the cancellation, share capital will be divided into 139,800,000 common shares. The amendment to the bylaws to reflect this change will be voted on at a General Meeting, to be called. As of the record date of November 10, 2026, already taking the cancellation into account, there were 69,541,195 shares outstanding and 1,329,258 in treasury.
The maximum buyback volume represents 4.02% of total issued shares and 8.09% of shares outstanding. The company must observe the limit of holding up to 10% of outstanding shares in treasury. The goal is to hold the shares in treasury for later sale or cancellation, or to use them to meet obligations under stock option plans and share-based compensation plans for executives and employees.
Purchases will be made on the stock exchange at market price, and the Executive Board will decide whether they will be made directly or through total return equity swap contracts, in which the company receives the price change of its own shares and pays the CDI rate change plus a fixed spread. The term is up to 18 months, from November 12, 2026 to May 12, 2028. Funds may come from profit or capital reserves and/or from current-year earnings.
The transactions will be brokered by Itaú Corretora, BTG Pactual, XP Investimentos, UBS Brasil, Bradesco, Citigroup, C6 and Necton.
Is POSI3 worth investing in?
- Price
- R$ 3.15
- as of 11/10/2026
- Dividend yield
- 5.70 %
- P/L
- 35.83
- P/VPA
- 0.29
