Purchase of shares

The purchase of own shares for redemption, the main form of shareholder retribution

Treasury shares
In the same section:
Charged to the financial year 2022

Key figures for the purchase of own shares

Share capital evolution
5 M

Shares purchased

19 M€

Disbursed

3.64 €

Average share price

29%

Payout

At Ercros we look after the interest of the investor

Ercros has reduced its share capital by 20%

Ercros has been buying back its own shares to withdraw them from the market through capital reductions, as a way of remunerating its shareholders. Since 2016, the company has redeemed 22.7 million treasury shares, which represents 20% of the initial share capital.

According to Ercros' shareholder remuneration policy, the purchase of shares for redemption is the preferred means of shareholder remuneration in the company and is channelled through successive programmes.

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Ercros is listed on the Spanish stock exchange's continuous market
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Annual evolution of the purchase of shares

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With a charge to 2023, there was no purchase of treasury shares because the board of directors, within the framework of the Bondalti takeover bid, proposed to the shareholders' meeting to allocate the entire amount of the remuneration to the shareholder in the payment of the dividend.

In 2020, due to the negative impact of covid-19 on Ercros' business, one of the conditions set out in the shareholder remuneration policy was not met, which is why it was not possible to distribute a dividend or buy back treasury shares to be amortised against the profit for the year.