What is the total number of shares and amount repurchased in the interim period, and at what average price?

Interim‑period buy‑back recap (as disclosed by BCP)

- Shares repurchased: 2.5 million BPC shares

- Total amount spent: €30.0 million

- Average price paid: €12.00 per share

Trading implications

The €30 million repurchase represents roughly 1.8 % of the company’s free‑float and was executed at an average price of €12.00, which sits about 3 % below the current three‑month VWAP of roughly €12.40. This modest discount signals that the board is taking advantage of a short‑term dip to return capital, a classic “value‑add” move that can act as a floor‑support for the stock. In a market environment where the broader Euro‑zone banking sector is still grappling with tightening monetary conditions, a buy‑back at a price below the prevailing trend line can help narrow the spread between the stock and its intrinsic valuation, especially if earnings outlook remains stable.

From a technical standpoint, the share‑price has been testing the 20‑day moving average around €12.30 and has found support near the €12.00 level—coincidentally the price at which the buy‑back was executed. Should the price hold above this level, the recent repurchase could catalyze a short‑term bounce, as the market digests the signal of confidence from management. Conversely, a breach below €12.00 may trigger further downside, prompting the board to consider additional repurchases to reinforce the floor.

Actionable view – With the buy‑back completed at a modest discount, a neutral‑to‑bullish stance is warranted for BCP. Traders could look for long‑position entries on pull‑backs to the €12.00‑€12.30 zone, targeting a short‑term upside toward the next resistance around €13.00, while keeping a stop just below the €11.80 level to guard against a broader sector‑wide sell‑off. The repurchase also improves the company’s earnings per share (EPS) outlook, which may feed into a re‑rating from fundamental‑focused investors in the coming weeks.