Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ:BPOP) announced today that on August 24, 2022 it entered into an accelerated share repurchase agreement (the “ASR Agreement”) to repurchase an aggregate of $231 million of Popular’s common stock.
Under the terms of the ASR Agreement, on August 26, 2022 the Corporation will make an initial payment of $231 million and receive an initial delivery of 2,339,241 shares of Popular’s Common Stock (the “Initial Shares”).
