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MADRID - Banco Santander (BME:SAN) S.A. has announced that it is nearing the completion of its share buyback program, having utilized approximately 98.4% of the allocated funds as of May 28, 2025. The bank has repurchased around 14.1% of its outstanding shares since the commencement of the program, which was first communicated on February 5, 2025.
The buyback program, approved by Banco Santander’s Board of Directors, has been conducted in compliance with market abuse regulations of the European Union. The total cash amount spent on the repurchased shares has reached 1,561,870,861 Euros, approaching the maximum investment amount designated for the program.
During the period from May 22 to May 28, 2025, the bank executed transactions on various trading venues including XMAD, CEUX, TQEX, and AQEU. The total number of shares bought back during this period amounted to 7,600,000 at varying weighted average prices.
The bank’s buyback initiative is part of a strategic effort to manage its capital and provide value to its shareholders. The repurchased shares represent a significant portion of Banco Santander’s share capital as of the year 2021.
Banco Santander has been transparent in its reporting, providing detailed information about each transaction carried out as part of the buyback program. This includes the number of shares purchased, the trading venues where the transactions took place, and the weighted average prices paid.
The program’s nearing completion reflects the bank’s commitment to its shareholders and its strategic approach to capital management. As the program approaches its limit, the focus will likely shift to the impact of the share repurchases on the bank’s financial structure and shareholder value.
This news is based on a press release statement from Banco Santander, providing an update on the progress of its share buyback program in accordance with regulatory requirements.
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