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MADRID - Banco Santander S.A. (BME:SAN) has repurchased approximately 15% of its outstanding shares since 2021 as part of its ongoing buyback program, according to a statement released Thursday.
The Spanish banking giant reported that between November 6 and November 12, 2025, it purchased 9.9 million of its own shares across various trading venues including XMAD, CEUX, TQEX, and AQEU.
The total cash amount spent on share repurchases has reached €1.15 billion ($1.25 billion), representing approximately 67.4% of the maximum investment amount allocated for the program, which was initially announced on July 30, 2025.
During the reported period, Santander paid weighted average prices ranging from €8.89 to €9.52 per share. The highest volume day was November 12, when the bank acquired nearly 2 million shares at an average price of €9.51.
The buyback program is being executed in compliance with European market abuse regulations, specifically Article 5 of Regulation (EU) 596/2014 and related Commission Delegated Regulations.
The bank's share repurchase activities are part of its capital management strategy. Santander is conducting the transactions across multiple European trading venues, with the majority of purchases occurring on the Madrid Stock Exchange (XMAD).
The information was disclosed in a regulatory filing to comply with securities market legislation requirements.
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