BNP Paribas Group: approval for the 2.5 billion euros second tranche of the 2023 share buyback programme and launch of the execution in August
26 Julio 2023 - 11:45PM
BNP Paribas Group: approval for the 2.5 billion euros second
tranche of the 2023 share buyback programme and launch of the
execution in August
Paris, 27 July 2023
Approval for the 2.5
billion euros second tranche of the
2023 share buyback
programme and
launch of the execution in
August
The approval from the European Central Bank for
the second tranche of the share buyback programme planned for 2023
for an amount of 2.5 billion euros has been received.
The first tranche of 2.5 billion euros of the
2023 share buyback programme was launched on April 3rd, 2023 and
will end no later than August 3rd, 2023.
BNP Paribas will launch the execution of the
second tranche in the days following the completion of the 1st
tranche, beginning of August. The completion of the second tranche
will bring the total amount for the 2023 share buyback programme to
5 billion euros as announced on February 7th, 2023. Shares acquired
under the share repurchase programme will be cancelled.
As of July 26th, 2023, 41,952,835 BNP Paribas
shares, or 3.4% of the share capital, were purchased, representing
a total amount of approximately 2.4 billion euros, an execution of
more than 95% of the first tranche.
The description of the share buyback programme
is available on BNP Paribas’s website:
https://invest.bnpparibas/en/search/reports/documents/regulated-information.
About BNP Paribas BNP Paribas is the European
Union’s leading bank and key player in international banking. It
operates in 65 countries and has nearly 185,000 employees,
including more than 145,000 in Europe. The Group has key positions
in its three main fields of activity: Commercial, Personal Banking
& Services for the Group’s commercial & personal banking
and several specialised businesses including BNP Paribas Personal
Finance and Arval; Investment & Protection Services for
savings, investment and protection solutions; and Corporate &
Institutional Banking, focused on corporate and institutional
clients. Based on its strong diversified and integrated model, the
Group helps all its clients (individuals, community associations,
entrepreneurs, SMEs, corporates and institutional clients) to
realise their projects through solutions spanning financing,
investment, savings and protection insurance. In Europe, BNP
Paribas has four domestic markets: Belgium, France, Italy and
Luxembourg. The Group is rolling out its integrated commercial
& personal banking model across several Mediterranean
countries, Turkey, and Eastern Europe. As a key player in
international banking, the Group has leading platforms and business
lines in Europe, a strong presence in the Americas as well as a
solid and fast-growing business in Asia-Pacific. BNP Paribas has
implemented a Corporate Social Responsibility approach in all its
activities, enabling it to contribute to the construction of a
sustainable future, while ensuring the Group's performance and
stability.
Press contactsSandrine Romano –
sandrine.romano@bnpparibas.com – +33 (0)6 71 18 23 05Hacina Habchi
– hacina.habchi@bnpparibas.com - +33 (0)7 61 97 65 20
- 20230727_PR_BNPP_2023 Share buyback 2_ENG
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