Banco Comercial Português (BCP) acquired, between September 7 and 11, an additional 19.3 million own shares under its share buyback program, for an investment of approximately 22.4 million euros. The purchases were made on Euronext Lisbon through J.P. Morgan SE, at a weighted average price of 1.1620 euros per share. The most active day was Tuesday, September 9, with 5.2 million shares purchased, while on Friday the bank paid the highest average price of the week, at 1.1843 euros, coinciding with BCP's close at its all-time high.
With these acquisitions, BCP now holds 194.2 million own shares, representing 1.31% of its share capital, for a total value of 208.8 million euros. This means that, approximately three and a half months after the program started, the bank has already executed 51.3% of the maximum authorized amount of 407 million euros.
The buyback program was approved in May and runs from June 4 to December 4, 2026, and may be terminated early if the maximum number of shares or the monetary amount is reached. This week's purchases represented between 7.38% and 8.98% of the total volume of each session on Euronext Lisbon.
