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MADRID - Banco Santander S.A. has repurchased shares worth €1.25 billion as part of its ongoing buyback program, representing approximately 73.9% of the maximum investment amount planned, according to a statement released by the bank on Thursday.
The Spanish banking giant purchased 12 million shares between November 13 and November 19, 2025, at prices ranging from €8.77 to €9.56 per share. The transactions were executed across multiple trading venues including XMAD, CEUX, TQEX, and AQEU.
With these latest purchases, Santander has now repurchased approximately 15% of its outstanding shares since 2021, the bank reported in its regulatory filing.
The buyback program was initially announced on July 30, 2025, following approval by Santander's Board of Directors. The program operates in compliance with European market abuse regulations and delegated regulations concerning buyback programs.
Share prices during the reported period showed a general downward trend, with the weighted average price declining from €9.56 on November 13 to €8.88 on November 19.
The largest single-day purchase occurred on November 18, when the bank acquired 2.46 million shares on the XMAD trading venue at an average price of €8.83 per share.
Santander's buyback activities are part of its capital management strategy. The bank disclosed the information in accordance with securities market legislation requirements.
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