Banco Santander repurchases €156.8 million in shares under buyback program

Published 07/08/2025, 11:12
Banco Santander repurchases €156.8 million in shares under buyback program

MADRID - Banco Santander (BME:SAN) S.A. has repurchased €156.8 million worth of its own shares between July 31 and August 6, 2025, representing approximately 9.2% of the maximum investment amount under its current buyback program, according to a regulatory filing Thursday.

The Spanish banking giant acquired a total of 21 million shares across various trading venues during the period, with weighted average prices ranging from €7.28 to €7.61 per share.

The transactions were executed across multiple European exchanges, including the Madrid Stock Exchange (XMAD), CEUX, TQEX, and AQEU, as part of the share repurchase program approved by Banco Santander’s Board of Directors and announced on July 30.

With these latest purchases, Banco Santander has now repurchased approximately 14.3% of its outstanding shares since 2021, the bank stated in its filing.

The buyback program is being conducted in compliance with European market abuse regulations, specifically Article 5 of Regulation (EU) 596/2014 and Articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052.

The bank provided a detailed breakdown of daily transactions in its regulatory announcement, showing the number of shares purchased and weighted average prices for each trading day during the period.

Banco Santander’s share repurchase activities are part of its capital management strategy. The information was disclosed in a regulatory filing submitted to comply with securities market legislation.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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