Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, today announced that on June 13, 2022, the Company’s Board of Directors approved a new share repurchase program (the “2022 Share Repurchase Program”) that enables the Company to repurchase up to $40 million of its shares. The 2022 Share Repurchase Program becomes effective on June 14, 2022, and expires on August 12, 2022. Share repurchases may be undertaken through a variety of methods, including pursuant to trading plans adopted in accordance with Rule 10b5‐1 of the Exchange Act, or through open market or privately negotiated transactions, in accordance with applicable law.
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