CaixaBank has informed the National Securities Market Commission (CNMV) that it has already executed 74.16% of its share buyback program of treasury shares, launched last May for a total amount of 500 million euros.
Since the start of the transaction and up to the twenty-eighth week, the company has allocated more than 370 million euros to the acquisition of about 30.4 million treasury share titles. Only in the last seven days, the bank has repurchased 987,330 shares, for a value of more than 12 million euros.
The share buyback plan contemplates a maximum duration of six months, although CaixaBank reserves the possibility of ending it earlier if it reaches the foreseen monetary limit or if any circumstance arises that would justify it. BNP Paribas acts as the management entity of the program.
According to the conditions set, the company may not exceed in any trading session 25% of the average daily trading volume of its shares on the venue where the purchase is made. The buyback transactions are being carried out on the Mercado Continuo, in DXE Europa, in Turquoise Europe, and on Aquis Exchange.