Earlier today, Bank of Valletta announced it is continuing with its share buyback programme. Shareholders originally approved the bank buying back up to 2,800,000 shares before the bonus issue, later adjusted to 3,060,000 shares, each with a nominal value of €1, at prices between €1.55 and €2.55 per share. If used in full at the maximum price, the programme would cost about €7.8 million.
So far, BOV has bought back 937,770 shares, equal to around 0.1460% of its share capital, at an average weighted price of €1.9724, for a total cost of €1,849,669. During the week ending 15 May 2026, the bank bought no additional shares.
The buyback is taking place in the background of a much bigger reshuffling of BOV’s shareholder base. UniCredit, the Italian bank, cut its BOV stake from 10.21% to 5.21% in July 2025 through a sale worth around €50 million. UniCredit then reduced its holding again from 5.21% to 3.63% on 4 August 2025, while Amalgamated Growth and Income Fund increased its stake from 4.00% to 5.56%. On the other hand, Hili Ventures entered Bank of Valletta in July 2025 when it bought a 4.99% stake comprising just over 32 million BOV shares from Italy’s UniCredit. The transaction was dated 10 July 2025, making Hili Ventures the bank’s third-largest shareholder after the Maltese government and UniCredit itself.
Meanwhile, two new directors have also been nominated for appointment after two vacancies have been created in the board. The nominated directors are Robert Suban and Kelvin Camenzuli and will be elected at the annual General Meeting being held on Wednesday 10th June.
BOV has been one of the best perfuming stocks on the Malta Stock Exchange and is now trading at €2.1.
You can read the bank’s release here.
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