LATAM Airlines shareholders approved 5% share buyback program at extraordinary meeting

LATAM Airlines Group SA held an extraordinary shareholders’ meeting on Aug. 3, 2026.

Shareholders adopted a new share repurchase program for up to 5% of subscribed and paid shares, or 28,710,799,185 shares, over five years.

The board was authorized to set and revise the program’s minimum and maximum purchase prices; no purchases were confirmed.

The board was empowered to execute buybacks via pro rata exchange mechanisms, with any shortfall eligible for open-market purchases; no execution was reported.

Separately, the board was authorized to buy up to 1% in any 12-month period in the open market, with discretion to dispose of up to 1% without preferential offers.