CaixaBank executes approximately 50% of its share buyback within four weeks of the program

Madrid, April 12. (European Press) –

CaixaBank has executed 48.54% of the repurchase of its shares during the four weeks since the start of this program last March 14, the total amount amounting to 500 million euros, as reported on Friday at the National Securities Market Commission (CNMV).

Specifically, in the fourth week of the program, more than 13.9 million titles were purchased at an average price of 4.72 euros and for a total amount of 66.1 million euros. In total, the company bought back 51.8 million shares for a total amount of €242.7 million.

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 percentage, making it 12.18% according to data at the end of December 2023.

The repurchased shares will be used to reduce the company's capital, as approved by the Ordinary General Assembly of Shareholders last Friday. The total amount of the program will be €500 million and the maximum number of shares to be acquired will depend on the average price at which purchases are made. In any case, it will not exceed 10% of CaixaBank's capital.

The duration of the program will be six months from its inception, although the Bank reserves the right to terminate the buyback program early if the maximum cash amount is reached or if there is another circumstance that would advise or require it.