MADRID, 24 Oct. (EUROPA PRESS) -

CaixaBank acquired last week 17.0 million own shares for a total amount of 58.8 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 acquired 505.3 million own shares for an aggregate amount of 1,619 million euros since the program began on May 17. This means having reached 90% 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 October 3 and 7 was 3.44 euros, while since the start of the program the average price at which they have been acquired is 3.20 euros. The entity's shares were trading at 10:30 am on Monday at a price of 3.51 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, which it plans to distribute among shareholders until 2024 through cash dividends and buyback programs.