CaixaBank executes 35.3% of its share repurchase in three weeks of the program

MADRID, 5 Abr.

CaixaBank executes 35.3% of its share repurchase in three weeks of the program


CaixaBank has carried out 35.3% of its share buyback in the three weeks since this program began on March 14, the total amount of which amounts to 500 million euros, as reported to the National Securities Market Commission ( CNMV).

Specifically, in the third week of the program, it acquired 10.7 million titles at an average price of 4.58 euros and a total amount of 49 million euros. In total, the entity has repurchased 37.81 million shares for a total amount of 176.62 million euros.

The program aims to maintain the CET1 capital ratio, the highest quality, at around 12%. The expected impact of this buyback will be 0.22% of this ratio, which would leave it at 12.18% according to the data at the end of December 2023.

The repurchased shares will be used to reduce the company's share capital, as approved by the ordinary general meeting of shareholders last Friday. The total amount of the program will be 500 million euros and the maximum number of shares to be acquired will depend on the average price at which the purchases take place. In any case, it will not exceed 10% of CaixaBank's share capital.

The program will last six months from its launch, although the bank reserves the right to end the repurchase program earlier if the maximum monetary amount is reached or if another circumstance arises that advises or requires it.

Morgan Stanley will be the program manager. CaixaBank has detailed that no more than 25% of the average daily volume of shares in the trading center where the purchase is made may be purchased on any trading day, with the average daily volume of each trading center corresponding to the twenty days. negotiations prior to the date of each purchase.

The shares will be purchased on the Spanish Continuous Market, on DXE Europe, on Turquoise Europe and on the Aquis Exchange.