XP's Board Of Directors Approves The Cancellation Of Existing Treasury Class A Shares Held By The Company; Total Share Count Went From 520,292,030 To 508,500,275 After Cancellation
XP Inc. (NASDAQ:XP), announced today that its board of directors has approved the cancellation of existing treasury Class A shares held by the Company.The Company has cancelled in this date 11,791,755 Class A shares
XP Inc. removed 11.8 million shares it owned from the market, shrinking the total number of shares out there. When a company cancels its own shares, each remaining share can represent a slightly bigger piece of the company, which some investors watch as a sign of confidence.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.