Launch of 2026 share buyback programme for the purpose of share capital reduction
Galp will commence on March 3, 2026, a €250 m share repurchase of Galp Energia SGPS, S.A. shares with the purpose of reducing the Company’s share capital, following the capital allocation guidelines related to the 2025 fiscal year and the authorisations in place.
Galp has entered into an instruction agreement with BNP Paribas S.A., which will act as riskless principal for the execution of this programme, which is expected to run until November 27, 2026, at the latest, subject to the necessary regulatory and corporate approvals.
All share purchases carried out under this programme will be executed on regulated markets and in full compliance with applicable safe harbour provisions. The transactions will be conducted in accordance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council, as well as with Galp’s general authorisation to acquire own shares on the market.
Share capital reduction following completion of 2025 programme
Following the conclusion of the €250 million share buyback programme launched in 2025 for the purpose of capital reduction, Galp further informs that its Board of Directors has approved a reduction of the Company’s share capital from €753,495,159 to €737,022,898. This reduction reflects the cancellation of 16,472,261 own shares, resulting in a total of 737,022,898 shares outstanding.