Bank of Valletta plc – Commencement of Share Buyback Programme

Jonathan Falzon

July 31, 2025

31 July, 2025
3 min read
31 July, 2025
3 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

On 31 July 2025, Bank of Valletta plc announced that following the attainment of all necessary approvals, the share buyback (non-cancellable) programme will commence on 18 August 2025.

BOV explained that it will not be possible to conduct the share buyback programme in full compliance with the safe harbour provisions set out in Article 5 of Regulation (EU) No 596/2014 and the relevant provisions of Commission Delegated Regulation (EU) 2016/1052. Nevertheless, BOV intends to comply with the relevant safe harbour provisions to the extent practicable, save that volume parameters have not been set in order to facilitate market liquidity in the trading of BOV shares.

BOV also highlighted that the programme will operate in full transparency. Therefore, all transactions executed under the programme (detailed and aggregated) will be disclosed to the market through a weekly company announcement and will also be accessible on the bank’s website under the investor relations section. BOV’s in-house stockbroking arm will be the executing entity of the share buyback programme on the Malta Stock Exchange.

As per resolution approved in the Annual General Meeting held on 29 May 2025, the price range of the share buyback programme is set at a minimum purchase price of €1.55 per share and a maximum of €2.55 per share, as adjusted following the bonus share issue of June 2025 of 1 bonus share for every 10 shares held.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 31 July 2025, Bank of Valletta plc announced that following the attainment of all necessary approvals, the share buyback (non-cancellable) programme will commence on 18 August 2025.

BOV explained that it will not be possible to conduct the share buyback programme in full compliance with the safe harbour provisions set out in Article 5 of Regulation (EU) No 596/2014 and the relevant provisions of Commission Delegated Regulation (EU) 2016/1052. Nevertheless, BOV intends to comply with the relevant safe harbour provisions to the extent practicable, save that volume parameters have not been set in order to facilitate market liquidity in the trading of BOV shares.

BOV also highlighted that the programme will operate in full transparency. Therefore, all transactions executed under the programme (detailed and aggregated) will be disclosed to the market through a weekly company announcement and will also be accessible on the bank’s website under the investor relations section. BOV’s in-house stockbroking arm will be the executing entity of the share buyback programme on the Malta Stock Exchange.

As per resolution approved in the Annual General Meeting held on 29 May 2025, the price range of the share buyback programme is set at a minimum purchase price of €1.55 per share and a maximum of €2.55 per share, as adjusted following the bonus share issue of June 2025 of 1 bonus share for every 10 shares held.