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CaixaBank executes almost 20% of its buyback program after investing 347.2 million euros

MADRID, 13 Jun.

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CaixaBank executes almost 20% of its buyback program after investing 347.2 million euros

MADRID, 13 Jun. (EUROPA PRESS) -

CaixaBank has already acquired 104 million shares for 347.3 million euros, the latter figure representing 19.3% of the maximum authorized amount of 1,800 million euros for the repurchase of shares that the entity is currently carrying out, according to has notified today the National Securities Market Commission (CNMV).

The bank has announced this Monday that, between June 6 and 10, it has bought 30.5 million own shares at an average price of 3.44 euros per title, which represents an amount of 104.9 million euros.

Since the beginning of the program, on May 17, CaixaBank has already acquired a total package of 104 million treasury shares for an amount of 347.3 million euros at an average price of 3.32 euros per share. The entity's securities are currently listed at a price of 3.14 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.

During the presentation of the plan, the CEO of the entity, Gonzalo Gortázar acknowledged that the bank's intention is that this repurchase of 1,800 million euros is not the last, but the way in which those 9,000 million euros could be distributed will be a decision to be taken by the board of directors in the future.