Enagás Launches Share Buyback Program to Support Compensation Plan

The latest update is out from Enagas SA ( (ES:ENG) ).

Enagás, S.A. announced the initiation of a Temporary Share Buyback Program to support its Flexible Compensation Plan, which aims to distribute shares to employees and directors. The program allows for the acquisition of up to 1,500,000 shares, with a budget of 20 million euros, running until June 30, 2025. This move is designed to align employee and director interests with company performance, potentially enhancing stakeholder value. The program’s management is assigned to Banco Bilbao Vizcaya Argentaria, S.A., ensuring independent execution of share purchases.

More about Enagas SA

Enagás, S.A. operates in the energy infrastructure sector, focusing primarily on the development, maintenance, and operation of natural gas transportation networks. It plays a pivotal role in the energy market by providing essential services in the gas supply chain, with a commitment to sustainable and flexible energy solutions.

YTD Price Performance: 4.14%

Average Trading Volume: 91,328

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €3.18B

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