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CaixaBank executes 25.5% of its share repurchase in two weeks of the program

MADRID, 28 Mar.

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CaixaBank executes 25.5% of its share repurchase in two weeks of the program


CaixaBank has carried out 25.5% of its share buyback in the two weeks since this program began on March 14, the total amount of which amounts to 500 million euros, as reported to the National Securities Market Commission ( CNMV).

Specifically, in the second week of the program, it acquired 12.4 million titles at an average price of 4.8 euros and a total amount of 59.58 million euros. In total, the entity has repurchased 27.1 million shares for a total amount of 127.57 million euros.

The program aims to maintain the CET1 capital ratio, the highest quality, at around 12%. The expected impact of this buyback will be 0.22% of this ratio, which would leave it at 12.18% according to the data at the end of December 2023.

The repurchased shares will be used to reduce the company's share capital, as approved by the ordinary general meeting of shareholders last Friday. The total amount of the program will be 500 million euros and the maximum number of shares to be acquired will depend on the average price at which the purchases take place. In any case, it will not exceed 10% of CaixaBank's share capital.

The program will last for six months starting last Thursday, although the bank reserves the right to end the buyback program earlier if the maximum monetary amount is reached or if another circumstance occurs that would advise or require it.

Morgan Stanley will be the program manager. CaixaBank has detailed that no more than 25% of the average daily volume of shares in the trading center where the purchase is made may be purchased on any trading day, with the average daily volume of each trading center corresponding to the twenty days. negotiations prior to the date of each purchase.

The shares will be purchased on the Spanish Continuous Market, on DXE Europe, on Turquoise Europe and on the Aquis Exchange.