Bank of Valletta (BOV) has completed its first share buyback programme, with a total of 995,284 ordinary shares acquired and retained as treasury shares. The programme, which commenced in 2025, was concluded as at 17th July 2026, with none of the repurchased shares cancelled.

The bank also confirmed its intention to launch a second share buyback programme once it receives the necessary regulatory approvals. The move follows shareholder approval at the Annual General Meeting held on 10th June 2026, authorising the Board of Directors to repurchase up to 2,330,980 ordinary shares at a price between €1.75 and €2.75 per share. The authorisation remains valid for 18 months from the date of the AGM.

BOV said any repurchases under the new programme will be carried out in line with the parameters approved by shareholders and in accordance with applicable legal and regulatory requirements.

The bank also noted that shareholders have authorised the board to hold, dispose of or otherwise deal with treasury shares acquired under both the completed and any future buyback programmes, up to an aggregate maximum of 3,068,750 shares. These may be sold within approved price parameters, used to settle employee share compensation schemes, or a combination of both.

BOV said it will update the market on further developments, including the receipt of regulatory approvals and the commencement of the new programme.