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MADRID - Banco Santander (BME:SAN), S.A. has announced significant progress in its share buyback program, having repurchased approximately 13.8% of its outstanding shares as of 2021. The transactions, conducted between April 11 and April 22, 2025, reached a cash amount of 1,215,730,701 Euros. This figure represents roughly 76.6% of the maximum investment amount designated for the buyback initiative.
The buyback program was initially communicated to investors on February 5, 2025, and is part of the bank’s capital allocation strategy. The shares were purchased across several trading venues, including XMAD, CEUX, TQEX, and AQEU, with a total of 23 million shares bought during the specified period.
The average prices paid for the shares varied across the trading days and platforms, with the weighted average price on the final day of reporting, April 22, being 6.0131 Euros on XMAD, one of the main trading venues.
Banco Santander’s buyback program is in accordance with the Market Abuse Regulation (EU) no. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. These regulations set forth the legal framework for trading in own shares in the European Union and ensure transparency and compliance with market abuse laws.
The bank’s actions reflect a broader trend among financial institutions using share repurchases as a method to return value to shareholders and manage their capital structure efficiently.
Investors and market observers often view buyback programs as a sign of confidence by a company’s management in the intrinsic value of its stock. For Banco Santander, the buyback program is a strategic move to optimize shareholder value and reflects its financial strength and commitment to prudent capital management.
The information provided is based on a press release statement from Banco Santander. The detailed transactions of the buyback program have been made available, offering transparency to shareholders and the market.
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