Banco Comercial Português (BCP) announced that it has already repurchased 174,930,369 own shares, corresponding to 1.18% of its share capital, for a total amount of 186.4 million euros. Between August 31 and September 4, the bank made additional acquisitions of 18,760,465 securities on the regulated market Euronext Lisbon, through the entity J.P. Morgan SE, responsible for executing the program.
The purchases were made at average prices ranging between 1.1190 euros (on September 1) and 1.1463 euros (on September 4). The day with the highest volume was September 3, when BCP bought 6,027,723 shares, representing 9.38% of the total trading volume on Euronext Lisbon that day.
The buyback program, approved on May 27, provides for a maximum investment of 407,458,786 euros and the acquisition of up to 1,184,370,167 ordinary shares, corresponding to 8% of the share capital. The plan runs between June 4 and December 4, 2025, and may be terminated early if the maximum number of shares or the monetary amount is reached.
BCP's objective is the subsequent cancellation of the acquired shares, subject to shareholder approval, which may increase, relatively speaking, the stake of shareholders who retain their securities. The program is part of BCP's shareholder remuneration policy for the 2025-2028 strategic plan period, which combines dividend distribution with share buybacks, while maintaining adequate capital levels.
