▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

Nu Holdings Announces US$1.0 Billion Share Repurchase Program

Nu Holdings Ltd. (NYSE: NU) today announced that its Board of Directors has approved a share repurchase program of up to US$1.0 billion of the Company's Class A ordinary shares, to be conducted over a...

Immagine

SÃO PAULO: Nu Holdings Ltd. (NYSE: NU) today announced that its Board of Directors has approved a share repurchase program of up to US$1.0 billion of the Company's Class A ordinary shares, to be conducted over a 12-month period beginning June 4, 2026.

The program is the output of a deliberate capital allocation policy. Nu's operations are now generating significant capital, and the Board determined that repurchasing the Company's shares represents an attractive use of that capital. All growth investments across Brazil, Mexico, Colombia and the United States, including regulatory capital buffers, remain fully funded and unchanged.

Repurchases may be made from time to time in the open market in compliance with Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934. The program does not obligate the Company to repurchase any specific number of shares and may be suspended, modified, extended or discontinued at any time.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

SpaceX IPO Available on Raydium from Day One, Tradeable Through the Weekend

$RAY #IPO--Raydium, the highest-volume decentralized exchange on Solana with over $1 trillion in cumulative trading volume, will list tokenized SpaceX…

CoreWeave to Join Nasdaq-100 Index

CoreWeave, Inc. (NASDAQ: CRWV), The Essential Cloud for AI™, today announced it has been selected for inclusion to the Nasdaq-100® Index, and is expected…

EliseAI Hits $200M ARR After Five Consecutive Years of 100% Growth Across…

EliseAI, the AI company automating complex housing and healthcare systems, today announced it passed $200 million in annual recurring revenue (ARR), achieving…

XTIUM Launches XTAI — XTIUM Trusted AI

XTIUM, a global managed services provider delivering secure digital workplaces, managed security, cloud, network, and unified communications solutions,…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!