LUSA 06/16/2025

Lusa - Business News - Portugal: BCP spends more than €110M on share buyback programme

Lisbon, June 15, 2025 (Lusa) - BCP has spent more than €110 million on its share buyback programme, acquiring 182,927,967 shares and holding 1.21% of its share capital, according to a statement to the market.

The note, released by the Portuguese Securities Market Commission (CMVM), states that between 9 and 13 June, the bank acquired 9,519,403 ordinary shares representing its share capital under the programme.

Thus, under this programme, announced in April, BCP has acquired to date 182,927,967 shares, for a total amount of €110,440,302.12, representing 1.21% of its share capital.

On 8 April 2025, BCP announced that, on that date, its Executive Committee had approved “a share buyback programme in the total amount of 200 million.000.00 euros, starting on 14 April 2025 and ending on 14 October 2025 (inclusive), with the possibility of early termination, namely by decision of the Bank or if the maximum number of shares to be acquired or the maximum monetary amount established is reached,” according to a note on its website.

The bank explained that, under its 2025-28 Strategic Plan, “it plans to implement share buyback programmes with the aim of ensuring, together with the payment of ordinary dividends, a distribution to shareholders of up to 75% of the consolidated net income generated from 2025 to 2028, subject to approval by the competent authorities”.

ALN/ADB // ADB.

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