The Company announces that on December 19, 2022, its Board of Directors approved a share buyback plan to purchase up to $100M of the Company’s outstanding Class A common shares. The plan will expire on the earlier of July 2023 and when the $100M buyback limit is reached. The Company expects to finance the purchases with own cash balances derived from retained and future earnings, which is not expected to have a material impact on capital levels. Eduardo Azar, dLocal’s chairman, stated, "We are committed to the strength of dLocal’s business and in delivering value to our shareholders. This buyback plan reflects the Board’s confidence in our current performance and prospects and long-term growth."
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