Banco Santander repurchases €536 million in shares under buyback program

Published 02/10/2025, 11:12
Banco Santander repurchases €536 million in shares under buyback program

MADRID - Banco Santander S.A. has repurchased shares worth €536.14 million as part of its ongoing share buyback program, according to a statement released by the Spanish banking giant on Wednesday.

The bank acquired 6.4 million of its own shares between September 25 and October 1, 2025, at weighted average prices ranging from €8.69 to €8.84 per share. The transactions were executed across multiple European trading venues including XMAD, CEUX, TQEX, and AQEU.

The current repurchases represent approximately 31.5% of the maximum investment amount allocated for the buyback program, which was initially announced on July 30, 2025. Through these purchases, Banco Santander has now repurchased approximately 14.5% of its outstanding shares since 2021.

The buyback program is being conducted in compliance with European market regulations, including Article 5 of Regulation (EU) No. 596/2014 on Market Abuse and Commission Delegated Regulation (EU) 2016/1052.

The largest single-day purchase during this period occurred on October 1, when the bank acquired 1.4 million shares across all trading venues. The highest volume of transactions was executed on the Madrid Stock Exchange (XMAD), where the bank purchased over 5.49 million shares during the seven-day period.

Banco Santander disclosed the information as part of its regulatory obligations to report transactions carried out under its share repurchase program.

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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