PARIS, FRANCE: BNP Paribas announced the launch of a share buyback program of BNP Paribas S.A. ordinary shares for a maximum total amount of €900 million.
BNP Paribas has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently, entrusted by an irrevocable instruction to purchase the shares.
The purchase period will start on November, 1st 2021 and will end no later than February, 8th 2022. The shares purchased under the program will be cancelled.
The share buyback program will be carried out in accordance with the provisions set out in the EU Regulation n°596/2014 of the European Parliament and of the Council of April, 16th 2014 on market abuse and its implementing provisions, and within the limits of the general authorisation granted to BNP Paribas to purchase shares on the market pursuant to the 5th resolution adopted by the General Meeting of BNP Paribas on May 18th, 2021.
BNP Paribas is a leading bank in Europe with an international reach. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe.