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CaixaBank exceeds 50% execution of its share buyback program

MADRID, 25 Jul.

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CaixaBank exceeds 50% execution of its share buyback program

MADRID, 25 Jul. (EUROPA PRESS) -

CaixaBank has already acquired 296.17 million shares for 947.42 million euros, the latter figure representing 52.6% of the maximum authorized amount of 1,800 million euros for the repurchase of shares that the entity is currently carrying out , as notified today to the National Securities Market Commission (CNMV).

The bank has announced this Monday that between July 18 and 22 it has bought 37.67 million own shares at an average price of 2.85 euros per title and for a total amount of 107.54 million euros.

Since the beginning of the program, on May 17, CaixaBank has already obtained a total package of 296.17 million treasury shares for an amount of 947.49 million euros at an average price of 3.21 euros per share . The entity's securities are currently listed at a price of 2.88 euros.

It should be remembered that 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 is 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.

Keywords:
Caixabank