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MADRID - Banco Santander S.A. (BME:SAN) has repurchased €424.88 million worth of its own shares as part of its ongoing buyback program, representing approximately 25% of the maximum investment amount targeted, according to a regulatory filing published Thursday.
The Spanish banking giant purchased 5.4 million shares between September 11 and September 17, with weighted average prices ranging from €8.41 to €8.59 per share. The transactions were executed across multiple trading venues including XMAD, CEUX, TQEX, and AQEU.
Through these recent purchases, Banco Santander has now repurchased approximately 14.5% of its outstanding shares since 2021, the bank stated in its filing.
The current buyback program was initially announced on July 30, 2025, following approval by the bank’s Board of Directors. The bank is executing these share repurchases in compliance with European market abuse regulations and related delegated regulations.
Banco Santander’s share repurchases are part of its capital management strategy, which typically aims to enhance shareholder value by reducing the number of outstanding shares and potentially increasing earnings per share.
The bank disclosed the information in accordance with securities market legislation requirements, noting the transactions in a regulatory filing based on a press release statement.
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