Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 198

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 198
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 (11.7)Issued in connection with share-based compensation plans and other0.7 0.1 2.1 Balance at December 31, 202340.8 2.2 161.7 Balance at January 1, 202440.8 2.2 161.7 Repurchase of Liberty Latin America common shares(4.0)— (8.2)Issued in connection with share-based compensation plans and other1.2 0.2 2.8 Balance at December 31, 202438.0 2.4 156.3 Voting rights. Holders of Class A common shares and Class B common shares vote together as a single class on all matters submitted to a vote of Liberty Latin America’s shareholders. The holders of Class A common shares have one vote per share; the holders of Class B common shares have 10 votes per share; and the holders of Class C common shares generally have no votes per share. In the event a right to vote is required under applicable law, holders of Class C common shares will vote as a single class with the holders of Class A common shares and Class B common shares and will be entitled to 1/100 of a vote on such matter for each Class C common share. Each Class B common share is convertible at the option of the holder for one Class A common share.Share Repurchase ProgramsFrom time to time, and subject to certain limitations and conditions, our Directors approve Share Repurchase Programs, which authorize us to repurchase up to a specified aggregate dollar value of our Class A common shares and/or Class C common shares through specified dates, as detailed below: Authorization DateAuthorized Repurchase AmountExpiration Datein millionsFebruary 22, 2022$200.0 December 2024May 8, 2023$200.0 December 2025May 7, 2024$200.0 December 2026The Share Repurchase Programs do not obligate us to repurchase any of our Class A or C common shares. Under the Share Repurchase Programs, we may repurchase our common shares in open market purchases at prevailing market prices, in privately negotiated transactions, in block trades, derivative transactions and/or through other legally permissible means. At December 31, 2024, the remaining amount authorized for share repurchases under the Share Repurchase Programs was $242 million, which is net of the premium associated with the capped call option contracts