Item 8.01. Other Events.
On August 30, 2020, the Board of Directors of MercadoLibre, Inc. (the "Company")
authorized the Company to repurchase shares of the Company's common stock, par
value $0.001 per share (the "Common Stock"), for aggregate consideration of up
to $350,000,000.
The Company expects to purchase shares at any time and from time to time, in
compliance with applicable federal securities laws, through open-market
purchases, block trades, derivatives, trading plans established in accordance
with SEC rules, or privately negotiated transactions. The timing of repurchases
will depend on factors including market conditions and prices, the Company's
liquidity requirements and alternative uses of capital. The share repurchase
program expires on August 31, 2021 and may be suspended from time to time or
discontinued, and there is no assurance as to the number of shares that will be
repurchased under the program or that there will be any repurchases.
Forward-Looking Statements
Any statements herein regarding MercadoLibre, Inc. that are not historical or
current facts are forward-looking statements. These forward-looking statements
convey MercadoLibre, Inc.'s current expectations or forecasts of future events.
Forward-looking statements regarding MercadoLibre, Inc. involve known and
unknown risks, uncertainties and other factors that may cause MercadoLibre,
Inc.'s actual results, performance or achievements to be materially different
from any future results, performances or achievements expressed or implied by
the forward-looking statements. Certain of these risks and uncertainties are
described in the "Risk Factors," "Forward-Looking Statements" and "Cautionary
Statement Regarding Forward-Looking Statements" sections of MercadoLibre, Inc.'s
annual report on Form 10-K for the year ended December 31, 2019 and quarterly
reports on Form 10-Q for the quarters ended March 31, 2020, and June 30, 2020,
and any of MercadoLibre, Inc.'s other applicable filings with the Securities and
Exchange Commission. Unless required by law, MercadoLibre, Inc. undertakes no
obligation to publicly update or revise any forward-looking statements to
reflect circumstances or events after the date hereof.
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