Banco Santander completes 20% of share buyback program

Published 04/09/2025, 11:18
Banco Santander completes 20% of share buyback program

MADRID - Banco Santander S.A. (BME:SAN) has repurchased approximately 20.1% of the maximum investment amount under its current share buyback program, according to a regulatory filing released Thursday.

The Spanish banking giant reported that between August 28 and September 3, 2025, it purchased 5,373,435 of its own shares across various trading venues, including the Madrid Stock Exchange (XMAD), CEUX, TQEX, and AQEU.

The total cash amount spent on repurchases to date stands at €341,234,794, representing about one-fifth of the total program announced on July 30. The weighted average price of shares purchased during the reported period ranged between €8.04 and €8.21.

According to the bank’s statement, these latest transactions contribute to its larger buyback initiative, which has now repurchased approximately 14.4% of Santander’s outstanding shares since 2021.

The largest single-day purchase occurred on September 2, when the bank acquired 2 million shares across all trading venues, with the Madrid exchange accounting for 1.23 million of those shares at an average price of €8.08.

The buyback program is being conducted in compliance with EU market abuse regulations and delegated regulations governing such transactions, as stated in the bank’s filing.

Banco Santander did not provide details about the total size of the current buyback program or its expected completion date in this press release.

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