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MADRID - Banco Santander S.A. has repurchased approximately 14.8% of its outstanding shares since 2021, with the current buyback program now 55.3% complete, according to a statement released by the bank on Thursday.
The Spanish banking giant reported that it has spent €940.9 million of the maximum investment amount allocated for the share repurchase program that was announced on July 30, 2025.
Between October 23 and October 29, Santander purchased a total of 12.6 million of its own shares across various trading venues including the Madrid Stock Exchange (XMAD), CEUX, TQEX, and AQEU.
The transactions were executed at weighted average prices ranging from €8.36 to €8.83 per share throughout the week-long period, with the highest volume day occurring on October 24 when the bank acquired over 2.8 million shares.
On October 29, the bank made its largest single-day purchase in terms of value, buying approximately 3.2 million shares at an average price of about €8.82.
The buyback program is being conducted in compliance with EU market abuse regulations and delegated regulations regarding such transactions, the bank stated in its regulatory filing.
Santander’s share repurchase initiative is part of its capital management strategy, with transactions executed across multiple European trading venues. The bank provided detailed transaction information as required by regulatory standards for market transparency.
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