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Repsol launches €1.26B buyback program

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According to Market Intelligence, December 2022

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Repsol launches €1.26B buyback program

Spanish energy giant Repsol SA announced Sept. 3 that it will repurchase 62,705,079 of its shares, or 3.93% of its share capital, in a €1.26 billion buyback program.

Shares will be purchased at market price with the company adding that it will not buy more than 25% of the average daily volume of its shares in the venue where the trade is carried out.

The program will run from Sept. 4 to Dec. 21 with the company reserving the right to terminate the program early if its purpose has been fulfilled or "if any other circumstance exists making it either advisable or necessary."