Iberdrola Exceeds 56% Of Its Share Buyback Programme After Investing Over €3 M In Shares

Iberdrola buybacks operationsIberdrola headquarters

Iberdrola has exceeded 56% of its share buyback programme by up to 1.543% of its capital, after investing over 3 million euros in its own shares in its last buyback operations, according to a statement from the company lodged with the Stock Market Regulator (CNMV).

The energy company has acquired 516.515 of its own shares at prices which have oscilated between a minimum of 5,77 euros and a maximum of 5,972 euros. The different operations involved took place between 27 and 29 March.

In total, the buyback programme for redemption stands at a maximum 99.343 million shares, representing 1.543% of capital.

The firm buys back the shares at the market price. As far as the price is concerned, Iberdrola will not buy any shares at a price which exceeds the highest price of the last independent transaction, or the highest independent operation at that time in the trading venues where the buyback is carried out.

With respect to volumes, the energy company will not buy on any trading day, and up to the June 15 deadline in force, over 25% of the average daily volume of Iberdrola shares in the trading venue where the buyback is carried out.