BNP Paribas announced the launch of the re -purchase program to be held in 2025, with a maximum value of 1.084 billion euros, according to a statement issued on Monday (19).
According to the bank, the program was approved by the European Central Bank (ECB) and includes the appointment of an independent investment service provider, which has received “irreversible instructions to buy shares.”
The purchase period begins this Monday and will end, at most, on June 20. The acquired procedures will be canceled, such as the details of the statement. BNP Paribas is committed to providing weekly updates about the progress of the program through the communications released on its official website.
Among the objectives of the program, according to the statement, “Cancel shares”, “Compliance with the obligations related to the issuance of capital tools, stock options, and the allocation of stocks for employees and officials”, as well as market operations such as “merging operations, assets or assets”, and “market training”.
The document may reach more details that the maximum number of shares to be reprimanded may reach 10 % of the BNP Paribas capital, which, based on the maximum price per share 102.00 euros, will reach about 11.5 billion euros in the theoretical value of the re -purchase of the future.
Currently, the bank owns 0.06 % of its own portfolio shares.
The mandate granted by the General Assembly is valid for 18 months from May 13, 2025, that is, until November 2026. The BNP Paribas board will guarantee that stock purchases of the specific requirements specified by the current regulations of the European Union (EU) and BCE.
At 11:58 am (BNP Paribas shares by 3.27 % in Paris.
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