MADRID, 6 Abr. (EUROPA PRESS) –
BBVA has closed the third week of its new share repurchase plan, acquiring 12 million of its own shares for a total of 77.5 million euros, as reported this Friday in a statement.
The amount has been less than last week because the Easter holiday has meant one day less for the repurchase.
The entity was made with three million shares every day in the week that was from Friday, March 31 to Wednesday, April 5. Thus, on Friday it used 19.8 million, while on Monday it dedicated 19.1 million; on Tuesday, 19.3 million; and on Wednesday 19.3 million.
In this way, BBVA has already repurchased a total of 39 million shares, for which it has allocated more than 250 million euros, approximately 60% of the total repurchase program.
The maximum amount of the program is 422 million euros. At the latest, the program will end on March 12, 2024. It will also end if the maximum monetary amount is reached or the maximum number of shares possible (563.8 million) is obtained. Titles listed on the Spanish Continuous Market or on DXE Europe will be eligible.
Regarding the Spanish market, the maximum number of shares to be purchased each session will be 2.5 million shares, provided that it is not a day in which there is a “significant disruption” of the market or the price. Nor if the trading volume of the share is less than 6.25 million (2.5 times the maximum number).
At DXE Europe, the maximum number to be acquired each day will be half a million, as long as the trading volume is not less than 1.25 million titles (2.5 times the maximum volume).
