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MADRID - Banco Santander S.A. has repurchased shares worth €698.6 million as part of its ongoing share buyback program, representing approximately 41.1% of the maximum investment amount planned, according to a statement released Thursday.
Between October 9 and October 15, the Spanish banking giant purchased 11.1 million of its own shares across various trading venues including the Madrid Stock Exchange (XMAD), CEUX, TQEX, and AQEU.
The weighted average price of the transactions ranged from €8.48 to €8.70 per share during the period. The largest single-day purchase occurred on October 14, when Santander bought 2.9 million shares.
Since the program’s initiation, announced on July 30, 2025, Santander has repurchased approximately 14.7% of its outstanding shares as of 2021.
The buyback program is being executed in compliance with European market abuse regulations, specifically Article 5 of Regulation (EU) No. 596/2014 and Articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052.
Santander’s shares trade on the Spanish stock exchanges under the ticker SAN.
The bank provided detailed transaction information in its regulatory filing, including the number of shares purchased daily and their weighted average prices across different trading venues.
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