VTEX announced that its Board of Directors approved a one-year share repurchase program totaling US$30.0 million for the company's Class A common shares. This program allows for repurchases to be made periodically in open market or privately negotiated transactions.
The share repurchase program reflects the company's underlying business health and supports its medium to long-term growth outlook. This initiative demonstrates management's confidence in VTEX's financial position and future prospects.
The program does not obligate VTEX to acquire any specific amount of common shares and may be suspended or discontinued at any time at the company's discretion. Any repurchased shares may be canceled or used for equity incentive plans and other corporate purposes.
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