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MADRID - Banco Santander (BME:SAN) S.A., the Spanish banking giant, has reported significant progress in its ongoing share buyback program, having repurchased approximately 12.9% of its outstanding shares since 2021. Between Monday, February 20, 2025, and Sunday, February 26, 2025, the bank executed transactions totaling €280,829,090, representing 17.7% of the maximum investment amount allocated for the buyback.
The buyback program, which was initially communicated on February 5, 2025, is part of the bank’s strategy to manage its capital effectively. During the week, Banco Santander acquired 12.3 million shares across various trading venues, including the Madrid Stock Exchange (XMAD), CBOE Europe (CEUX), Turquoise (TQEX), and AQEU. The weighted average prices of the shares purchased ranged from €5.8496 to €6.1665.
The bank’s buyback initiative is in accordance with the EU Market Abuse Regulation, which stipulates strict guidelines for such financial activities. Banco Santander’s Board of Directors approved the buyback program, which is aimed at reducing the bank’s share capital by purchasing and subsequently canceling the acquired shares.
The detailed transactions carried out under the buyback program have been disclosed, providing transparency about the specific number of shares bought on each trading venue and their respective average prices. This level of detail underscores the bank’s commitment to adhering to regulatory requirements and ensuring shareholder confidence.
The information reported here is based on a press release statement from Banco Santander. As the bank continues with its buyback program, investors and stakeholders are keeping a close watch on the impact of these repurchases on the bank’s capital structure and stock performance.
Banco Santander’s actions are reflective of a broader trend in the banking sector, where other institutions are also engaging in share repurchases as a means to return value to shareholders and optimize their capital allocation. While the bank has disclosed its progress, it remains to be seen how the buyback program will influence its financial standing in the longer term.
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