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CaixaBank invests 116 million more in its repurchase program and reaches 31% execution

MADRID, 27 Jun.

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CaixaBank invests 116 million more in its repurchase program and reaches 31% execution

MADRID, 27 Jun. (EUROPA PRESS) -

CaixaBank has already acquired 169.12 million shares for 567.66 million euros, a figure that represents 31.5% of the maximum authorized monetary amount of 1,800 million euros for the repurchase of shares that the entity is currently carrying out , as notified to the National Securities Market Commission (CNMV).

The bank has announced this Monday that, between June 20 and 24, it has bought 33.24 million own shares for an amount of 116.07 million euros at an average price of 3.4915 euros per title. CaixaBank shares are currently trading at a price of 3.421 euros.

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.

The 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.