Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 159

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 159
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Class A Common Shares 151,420,944 302 161,937,473 323
Class B Common Shares 134,054,192 268 134,054,192 268
285,475,136 570 295,991,665 591
Share Capital evolution
Share Capital as of January 1 295,991,665 591 296,029,870 592
i) Issue of common shares at USD 0.002 1,067,176 2 663,897 - 
ii) Warrant exercise (See note 2.11.2) - - 6,334,134 13
iii) Repurchase of shares ( 11,583,705) ( 23) ( 7,036,236) ( 14)
Share capital as of December 31 285,475,136 570 295,991,665 591
(b) Share Premium

F-33

As of December 31, 2024 and 2023, dLocal issued1,067,176 and663,897 new Class A Common Shares receiving total proceeds of USD1,853 and153, respectively, related to the exercise of share-options.
(c) Treasury Shares
On May 13, 2024, the Board of Directors of Dlocal approved a share buyback program. The Company is authorized, but not obligated to purchase up to $200 million of its Class A common shares from May 15, 2024, to May 31, 2025.
As of December 31, 2024, the Company has repurchased11,583,705 shares at an average price of USD8.72 per share, amounting to a total consideration of USD101,067. The repurchased shares are held as treasury shares and are accounted for at cost.
(d) Capital reserve
The Capital Reserve corresponds to reserves related to share-based payment plans, as described in Note 13: Share-Based Payments and Warrants of the Annual Financial Statements for the year ended December 31, 2024. As of December 31, 2024, the net effect of share-based payments amounts to USD11,863 comprising USD23,780 in share-based expenses and USD11,917 related to the exercise and vesting of share-based plans.
(e) Other Reserves
The reserves for the Group relate to cumulative translation adjustment representing differences on conversion of assets and liabilities at the reporting date.
(f) Earnings per