Banco Macro Announces Share Repurchase Program of up to 20 Million Shares
Banco Macro S.A. (BMA) has authorized a share buyback program totaling up to Ps$160 billion. The initiative allows the Argentine financial institution to repurchase as many as 20 million Class B shares at a maximum price of Ps$10,700 per share. The 45-day program is set to commence following its official publication on the Buenos Aires Stock Exchange. To maintain market stability, repurchases will be capped at 25% of the average daily trading volume calculated over the previous 90 business days.
Tickers: $BMA
Topics: banking capital allocation share buyback