BCP will propose to shareholders, at the general meeting scheduled for May 7, a dividend of 509 million euros, in addition to an increase in the amount to be distributed in the future.
According to several proposals released this Tuesday, April 14, by the Securities Market Commission (CMVM), BCP recalled that this value is included in the bank’s policy, which currently has “an objective of distributing ordinary dividends of 50%” of annual profits and corresponds to a dividend of 0.0344 euros per share.
In another proposal, to be deliberated by shareholders, BCP indicated, as had already been announced, that it intends to add up to 40% to this 50%, through a share buyback program.
BCP shareholders will also vote, at the general meeting, on two operations that affect the bank’s capital: a reduction of up to 240 million euros followed by an increase to three billion euros, according to two proposals.
In the first case, the purpose of the capital reduction is the “extinction of treasury shares already acquired or that will be acquired within the scope of the treasury share buyback program, involving the extinction of treasury shares representing up to 8% of the total shares representing the share capital, as well as related reserves”.
The capital increase, in turn, will be carried out by incorporating the special reserve that will be constituted, in the amount corresponding to the resulting reduction in share capital and without issuing new shares, he indicated.
The BCP general assembly will also deliberate on the 2025 financial statements, carry out an assessment of administration and supervision, among several other points.
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