Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 98

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16E
Chunk 98
---
Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers.
On December 19, 2022, our board approved the creation of a share repurchase program, or the “2022 Repurchase Program”. The 2022 Repurchase Program was executed in compliance with Rule 10b-18 and Rule 10b5-1(c)(1) under the Exchange Act and expired in July 2023. Buybacks were made from time to time in the open market and negotiated purchases. An aggregate amount of up to US$100 million in our Class A common shares could be repurchased under the 2022 Repurchase Program. We concluded the 2022 Repurchase Program on June 30, 2023, after having repurchased US$100 million of our Class A common shares.

On May 14, 2024, the Board authorized a new share repurchase program to purchase Class A common shares of up to US$200 million (the “2024 Repurchase Program”). The 2024 Repurchase Program will expire at the earliest of May 2025 or upon reaching the US$200 million dollar repurchase limit. The share repurchases may be made from time to time through open-market transactions, block trades, privately negotiated transactions or otherwise, and are subject to market and business conditions, levels of available liquidity, cash requirements for other purposes, regulatory considerations, and other relevant factors.
Set forth below, in tabular format, is disclosure on the repurchase of Class A common shares pursuant to the 2024 Repurchase Program since the approval date until December 2024:
 
Period                    Total Number of Shares Purchased        Average Price Paid per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs
May 1 to May 31, 2024                            5,431,760                                9.58                                                                          5,431,760   US$148,225,102                                                                          
June 1 to June 30, 2024                          3,736,228                                7.98                                                                          3,736,228   US$118,249,273                                                                          
July 1 to July 31, 2024                          2,415,717                                7.98                                                                          2,415,717   US$98,933,457                                                                           
Total                                           11,583,705