StoneCo announces new share repurchase program of up to R$1B

StoneCo announced that its Board of Directors, pursuant to written resolutions dated November 9th, 2023, has authorized a share repurchase program, under which Stone may repurchase up to R$1B in outstanding Class A common shares. This new share repurchase program is a replacement to the previous share repurchase program announced by Stone on October 3rd, 2023. Under the former program, Stone repurchased a total of 5,733,740 shares on an average price of $10.29 per share, with a total amount of $59M. The new repurchase program will be effective with timing of the full amount to be repurchased to be determined after further consultation with the Board. The program approved does not have a fixed expiration date.