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MADRID - Banco Santander S.A. (BME:SAN) has repurchased approximately 14.7% of its outstanding shares as part of its ongoing share buyback program, according to a statement released Thursday.
The Spanish banking giant reported that between October 16 and October 22, it purchased 16.1 million of its own shares across various trading venues, including the Madrid Stock Exchange (XMAD), CEUX, TQEX, and AQEU.
The total cash amount spent on share repurchases has reached €833.28 million, representing approximately 49% of the maximum investment amount allocated for the program. The weighted average price of shares purchased during the period ranged from €8.21 to €8.48.
Santander’s buyback program was initially announced on July 30, 2025, following approval by the bank’s Board of Directors. The bank is executing these transactions in compliance with European market abuse regulations and related delegated regulations.
The buyback represents a significant portion of the bank’s capital return strategy, with Santander noting that the repurchased shares account for approximately 14.7% of its outstanding shares as of 2021.
The bank disclosed the detailed transaction information in accordance with regulatory requirements, providing a breakdown of daily purchases across different trading venues.
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