Repsol (ES:REP) has released an update.
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Repsol S.A. has announced a capital reduction by redeeming 20 million shares, roughly 1.7% of its capital, intended to be completed within 2024. The shares for this reduction will be sourced through a newly launched repurchase program, which is aimed at rewarding shareholders by increasing earnings per share. The repurchase program, set to run until the end of 2024, will determine its maximum investment based on a formula using the company’s share price.
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