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MADRID - Banco Santander (BME:SAN) S.A. has announced the recent execution of its share buyback program, with transactions taking place from Monday to Friday last week. The bank has purchased shares worth a total of €512,284,850, which is approximately 32.3% of the maximum investment amount allocated for the buyback.
During the period from March 13 to March 19, 2025, Banco Santander repurchased around 9.7 million shares through various trading venues including XMAD, CEUX, TQEX, and AQEU. Prices for the shares varied each day, with the highest average price reaching €6.5578 on Friday.
This buyback initiative is part of a program that was previously communicated on February 5, 2025, and has been approved by the bank’s Board of Directors. The program’s objective is to repurchase approximately 13.1% of the bank’s outstanding shares as of 2021.
The shares were traded on different platforms, with the bulk of the transactions occurring on XMAD, which is the Madrid Stock Exchange. Other trading venues included the CEUX, TQEX, and AQEU, with varying volumes and average prices noted for each day.
The bank’s buyback program is being conducted under the regulatory framework of the EU Market Abuse Regulation and the Commission Delegated Regulation, ensuring compliance with the securities market legislation.
This strategic move by Banco Santander is part of its capital allocation strategy and reflects its commitment to managing shareholder value effectively. The detailed transactions for each day have been provided as part of the bank’s communication to the market.
The information outlined in this article is based on a press release statement from Banco Santander.
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