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CaixaBank invests another 25.7 million euros in its repurchase and reaches 67.5% of the maximum amount

MADRID, 5 Sep.

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CaixaBank invests another 25.7 million euros in its repurchase and reaches 67.5% of the maximum amount

MADRID, 5 Sep. (EUROPA PRESS) -

CaixaBank acquired 8.7 million own shares last week for a total amount of 25.78 million euros, within the framework of the repurchase of securities that it is carrying out, as notified to the National Securities Market Commission ( CNMV).

The bank has already repurchased 386.12 million shares for an aggregate amount of 1,214 million euros since the program began on May 17. This means having reached 67.5% of the maximum amount authorized for the repurchase, which amounts to 1,800 million euros.

CaixaBank has reported that the weighted average price at which it repurchased shares between August 29 and September 2 was 2.9624 euros, while since the start of the program the average price at which they have been acquired is 3.144 euros. The entity's shares are listed at 12:30 p.m. this Monday at a price of 2,988 euros.

The 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.