Liberty Latin America (LLA) has announced that its board of directors has authorised the repurchase of up to USD100 million of the company’s Class A and Class C shares over the next two years. Under the programme, LLA may acquire – at the management team’s discretion – Class A common shares, Class C common shares, or any combination of the two.
The repurchases may be made on the open market at prevailing market prices, in privately negotiated transactions, in block trades, derivative transactions and/or through other legally permissible means, in accordance with applicable rules and regulations. Further, the programme may be suspended or discontinued at any time. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions and alternative investment opportunities.