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MADRID - Banco Santander (BME:SAN) S.A. has announced the recent execution of its share buyback program, reaching 88.5% of the maximum investment amount allocated for the initiative. Between April 29 and May 6, the bank has invested approximately 1.4 billion euros in repurchasing its shares, which now accounts for about 14% of its outstanding shares compared to 2021.
The buyback program, which was initially communicated on February 5, 2025, has been conducted in accordance with the Market Abuse Regulation and Commission Delegated Regulation of the European Union. Banco Santander has been purchasing its ordinary shares, coded ISIN ES0113900J37, across various trading venues, including XMAD, CEUX, TQEX, and AQEU.
On the first day of the reported transactions, April 29, the bank acquired over 3 million shares on XMAD at an average price of 6.4428 euros per share. The subsequent days saw significant activity as well, with the largest single-day purchase occurring on April 30, where 8.5 million shares were bought on XMAD at a weighted average price of 6.1462 euros.
The total number of shares bought during the period amounted to 20 million, with the transactions spread consistently across the different trading venues. Prices per share fluctuated slightly throughout the week, reflecting the dynamic conditions of the stock market.
The buyback program is part of Banco Santander’s broader strategy to manage its capital and create value for shareholders. As the bank approaches the maximum investment limit for the program, it has provided a detailed account of the transactions, ensuring transparency for investors and regulatory bodies.
This latest financial maneuver by Banco Santander is based on a press release statement issued by the bank, which serves as the primary source of information for this report. The bank’s actions are seen as a significant step in its capital allocation strategy, and investors will likely monitor the completion of the buyback program and its effects on the bank’s stock performance.
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