The Banco Comercial Português (BCP), in a statement released by the Comissão do Mercado de Valores Mobiliários (CMVM), announced that between June 9 and June 13, it purchased 9,519,403 ordinary shares representing part of its share capital under an ongoing buyback program.
As part of the program, initially revealed in April, BCP has acquired a total of 182,927,967 shares, valued at 110,440,302.12 euros, representing 1.21% of its share capital to date.
On April 8, 2025, BCP stated that its Executive Committee had approved a share buyback program amounting to a total of 200,000,000.00 euros, set to begin on April 14, 2025, and end on October 14, 2025, unless terminated earlier due to either a bank decision or if the maximum number of shares or financial threshold is reached, according to a notice on its website.
The bank clarified that, as part of its Strategic Plan 2025-28, it plans to conduct share buyback programs to ensure, alongside ordinary dividend payments, a distribution to shareholders of up to 75% of the consolidated net profit generated from 2025 to 2028, subject to approval by relevant authorities.
