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CaixaBank advances in its repurchase program and already executes 65% after investing 1,169 million

MADRID, 22 Ago.

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CaixaBank advances in its repurchase program and already executes 65% after investing 1,169 million

MADRID, 22 Ago. (EUROPA PRESS) -

CaixaBank has already acquired a total of 370.9 million own shares for 1,169 million euros, a figure that represents 65% of the maximum authorized amount of 1,800 million euros for the repurchase of securities that the entity is currently carrying out, according to has notified the National Securities Market Commission (CNMV).

The bank has announced this Monday that between August 15 and 19 it has bought 8.36 million own shares at an average price of 3.04 euros per title and for a total amount of 25.43 million euros.

Since the beginning of the program, on May 17, CaixaBank has already obtained a total package of 370.92 million treasury shares for an amount of 1,169.33 million euros at an average price of 3.1 euros per share . The entity's securities are currently listed at a price of 2.93 euros each.

This share repurchase program will not exceed 10% of the bank's share capital, its maximum duration will be 12 months and the manager chosen to execute the purchases has been Morgan Stanley Europe SE.

The acquisitions are being made in the Spanish Stock Exchange Interconnection System-Mercado Continua, as well as in DXE Europe, Turquoise Europe and Aquis Exchange.

This repurchase is included within the remuneration provided for in the Strategic Plan that the entity has designed for the 2022-2024 period, presented on May 17. Specifically, CaixaBank plans to generate around €9,000 million of capital that it plans to distribute among shareholders until 2024 through cash dividends and repurchase programs.