Bank of Ireland Announces Purchase of More Than Half a Million Own Shares, Fuelling €590 Million Buy-Back Scheme

Bank of Ireland Group plc, an established name in the finance sector, has made headlines with the purchase of a staggering 535,228 of its own shares on Euronext Dublin. The shares were bought from the bank’s broker, J&E Davy, a move that potently bolsters the bank’s ambitious buy-back scheme unveiled in February. The shares purchased are set to be cancelled, further strengthening BOIG’s equity position.

The highest price paid per share was €10.6, with the lowest recorded at €10.34. When factored together, the volume-weighted average price paid landed at an impressive €10.4598. These figures further demonstrate that the bank certainly means business when it comes to their declared intention of buying back up to €590 million of shares.

Meanwhile, courtesy of its recent actions, Bank of Ireland continues to enjoy its position as a transactional titan of the finance world. As all eyes stay fixed on its progress, the bank, with its ambitious buy-back scheme, is set to fuel further anticipation and excitement.