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MADRID - Banco Santander (BME:SAN) S.A. has reported significant progress in its ongoing share buyback program, nearing the maximum investment amount set for the initiative. Between April 23 and April 28, 2025, the bank executed transactions totaling 10 million shares, advancing towards its goal of repurchasing 13.9% of its outstanding shares as of 2021.
The recent transactions represent an expenditure of approximately 1.28 billion euros, amounting to 80.6% of the allocated maximum investment for the buyback program. The program, which was detailed in a previous communication on February 5, 2025, is part of the bank’s efforts to manage its capital and return value to shareholders.
During the specified period, Banco Santander purchased shares on multiple trading venues including XMAD, CEUX, TQEX, and AQEU. The weighted average prices ranged from 6.2293 euros to 6.5006 euros per share, depending on the trading venue and the date of purchase.
Banco Santander’s buyback program complies with the market abuse regulations outlined in article 5 of Regulation (EU) no. 596/2014 and is conducted under the oversight of the Financial Conduct Authority. The bank’s execution of the buyback plan is disclosed in adherence to securities market legislation, ensuring transparency for investors and the market.
The bank’s share repurchase initiative has been closely monitored by investors, as buybacks can influence the company’s stock price and earnings per share. Banco Santander has not yet announced the completion of the program but is expected to continue providing updates as it approaches the maximum investment threshold.
This information is based on a press release statement and is intended to keep investors informed about the bank’s capital management activities. As the buyback program progresses, further details regarding the transactions will be made available to the public.
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