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MADRID - Banco Santander (BME:SAN) S.A. has reported significant progress in its share buyback program, having purchased approximately 41.2% of the maximum investment amount allocated for the program between March 27 and April 2, 2025. The bank has invested a substantial 653,131,625 Euros in repurchasing its shares, which now accounts for about 13.2% of its outstanding shares as of 2021.
The transactions executed on various trading venues, including XMAD, CEUX, TQEX, and AQEU, have resulted in a total acquisition of 12,650,000 ordinary shares. Prices per share varied across different venues and dates, with the weighted average price ranging from 6.1633 to 6.4666 Euros.
This buyback initiative, which was first communicated on February 5, 2025, is in accordance with the Securities Market legislation and the EU Market Abuse Regulation. Banco Santander’s Board of Directors had approved the buyback program as a strategic move to manage the bank’s capital efficiently.
The bank’s repurchase of shares is a clear indication of its commitment to returning value to shareholders and managing its equity effectively. This information, based on a press release statement, provides transparency regarding Banco Santander’s ongoing financial strategies and operations in the stock market.
Investors and market analysts typically view share buybacks as a positive signal about a company’s financial health and its confidence in its own value. Banco Santander’s current buyback progress reflects a substantial investment in its own shares, which may be of interest to stakeholders tracking the bank’s financial maneuvers.
The detailed transactions for each day within the specified period are documented, ensuring compliance with regulatory requirements and providing a clear record of the bank’s market activities. The financial instrument in question is the ordinary shares of Banco Santander, with the ISIN code ES0113900J37.
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