Cellnex eleva su autocartera al 2,902% y avanza en su programa de recompra

Cellnex has raised its share capital by 2,902% and progressed in its share buyback program. As of today, the company has executed 10% of the maximum amount approved for its share buyback program at the end of July. Cellnex's own shareholding has now reached 2,902%, equivalent to 1,011 percentage points more compared to 1,891% it held in mid-May, according to records from the National Market Commission consulted by EXPANSION.

The company currently holds a package of 19.8 million own shares, valued at around 520 million euros, with the shares trading at 26.23 euros each at yesterday's market close. It is worth noting that Cellnex's board approved a share buyback program for up to 200 million euros on July 30. The program commenced this month, and since then, the company has acquired 748,856 own shares, amounting to 20.3 million euros in disbursements, which is about 10% of the program's maximum volume.

The majority of the increase in the company's shareholding percentage since mid-May was achieved before the start of the share buyback program. The program is expected to continue until December 31 of this year, with the goal of reducing the company's share capital through the amortization of acquired shares.