Lisbon, Portugal – CTT – Correios de Portugal initiated a share buyback program today, February 11, 2026, authorizing the repurchase of up to 5.5 million of its own shares. The program, which will run until April 30, 2027, is valued at up to €30 million.
The initiative aims to reduce CTT’s share capital through the cancellation of repurchased shares, pending approval from the company’s General Assembly, according to a statement released via publicnow.com. The program’s execution is delegated to JB Capital Markets, which will conduct acquisitions on the Euronext Lisbon exchange and alternative trading platforms including CBOE, Aquis, and Turquoise.
CTT stated that the purchase price of shares will align with market quotations, not deviating by more than 10% from the previous session’s closing price, and will not exceed the last independent transaction price. To maintain market stability, daily purchases will be capped at 25% of the average daily trading volume of CTT shares over the preceding 20 days.
The company confirmed that all transactions will be reported to regulatory authorities and published on the CTT website for a period of five years, ensuring compliance with European market abuse regulations and equal treatment of shareholders. The program operates within the parameters of a prior authorization adopted on April 30, 2025, allowing share buybacks for 18 months from that date.
The maximum number of shares eligible for repurchase – 5.5 million – represents approximately 4.1% of CTT’s current capital. The program may conclude earlier if either the share limit or the €30 million financial threshold is reached, according to reports from Jornal Económico and Jornal de Negócios.