The Millennium BCP has spent 200 million euros on the share buyback program announced in April, now concluded, resulting in the bank holding 2.05% of its share capital, as stated in a market communication.
In a statement submitted to the Comissão do Mercado de Valores Mobiliários (CMVM), BCP reported purchasing an additional 1,035,538 ordinary shares on Monday, representing 0.01% of the bank’s capital. These acquisitions were the final transactions of the buyback program, which it considers “completed according to its terms.”
“[…] On August 25, 2025, BCP acquired, under the Buyback Program, through J.P. Morgan as the financial intermediary responsible for executing the program, 1,035,538 ordinary shares representing the bank’s share capital on the regulated market Euronext Lisbon,” according to the statement.
Within this buyback program, Millennium BCP stated that it repurchased 309,362,863 shares, totaling 199,999,980 euros, now holding a total of 309,362,863 own shares, representing 2.05% of its share capital.
On April 8, 2025, BCP announced that its Executive Committee had approved a “share buyback program totaling 200,000,000 euros, beginning on April 14, 2025, and ending on October 14, 2025 (inclusive), without prejudice to early termination, particularly by the Bank’s decision 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, as part of its Strategic Plan 2025-28, it “intends to execute share buyback programs, aiming to ensure, together with ordinary dividend payments, 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.”
