Vasta Announces Share Repurchase Program
Vasta Platform Limited, or Vasta (Nasdaq: VSTA), today announced that its Board of Directors has approved a share repurchase program, or the Repurchase Program.
- Vasta Platform Limited, or Vasta (Nasdaq: VSTA), today announced that its Board of Directors has approved a share repurchase program, or the Repurchase Program.
- Under the Repurchase Program, Vasta may repurchase up to US$12.5 million in Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on September 18, 2023, continuing until the earlier of the completion of the repurchase or September 30, 2024, depending upon market conditions.
- Vasta’s Board of Directors will review the Repurchase Program periodically and may authorize adjustments to its terms and size or suspend or discontinue the Repurchase Program.
- Vasta expects to utilize its existing funds to fund repurchases made under the Repurchase Program.