Santander updates progress on major share buyback
Banco Santander reports progress on its ongoing share buyback programme.
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Rhea-AI Filing Summary
Banco Santander reports progress on its ongoing share buyback programme. Between 4 and 10 September 2025, the bank repurchased a total of 4,600,000 ordinary shares of SAN across several trading venues, as part of the programme approved by its Board of Directors.
The bank states that, up to 10 September 2025, the cash amount invested in repurchasing its own shares under this programme totals 379,079,294 Euros, representing approximately 22.3% of the maximum investment amount authorised for the buyback. It also indicates that these purchases bring total repurchases under the programme to about 14.4% of its outstanding shares as of 2021.
FAQ
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What does Banco Santander (SAN) report in this Form 6-K?
How much has Banco Santander invested in its buyback programme to 10 September 2025?
What portion of the authorised buyback amount has Banco Santander used so far?
Where can investors find detailed transaction data for the Banco Santander buyback?
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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September, 2025
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X |
Form 40-F |
Banco Santander, S.A.
TABLE OF CONTENTS
Item |
|
| 1 | Report of Other Relevant Information dated September 11, 2025 |
Item 1
Banco Santander, S.A. (the “Bank” or “Banco Santander”), in compliance with the Securities Market legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
Reference is made to our notice of inside information of 30 July 2025 (official registry number 2844) (the “Buyback Commencement Communication”), relating to the buyback programme of own shares (the “Buyback Programme”) approved by the Board of Directors of Banco Santander.
Pursuant to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014, and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052, of 8 March 2016, the Bank informs of the transactions carried out over its own shares between 4 and 10 September 2025 (both inclusive).
The cash amount of the shares purchased to 10 September 2025 as a result of the execution of the Buyback Programme amounts to 379,079,294 Euros, which represents approximately 22.3% of the maximum investment amount of the Buyback Programme. The programme was announced together with its other characteristics through the Buyback Commencement Communication. With these purchases, the Bank has repurchased approximately 14.4% of its outstanding shares as of 2021.
| Date | Security | Transaction | Trading venue | Number of shares | Weighted average price (€) |
| 04/09/2025 | SAN | Purchase | XMAD | 361,969 | 8.0913 |
| 04/09/2025 | SAN | Purchase | CEUX | 23,402 | 8.1348 |
| 04/09/2025 | SAN | Purchase | TQEX | 10,156 | 8.1567 |
| 04/09/2025 | SAN | Purchase | AQEU | 4,473 | 8.0884 |
| 05/09/2025 | SAN | Purchase | XMAD | 1,256,987 | 8.1554 |
| 05/09/2025 | SAN | Purchase | CEUX | 81,783 | 8.1971 |
| 05/09/2025 | SAN | Purchase | TQEX | 34,785 | 8.1929 |
| 05/09/2025 | SAN | Purchase | AQEU | 26,445 | 8.2007 |
| 08/09/2025 | SAN | Purchase | XMAD | 849,061 | 8.2042 |
| 08/09/2025 | SAN | Purchase | CEUX | 67,990 | 8.2019 |
| 08/09/2025 | SAN | Purchase | TQEX | 25,190 | 8.2115 |
| 08/09/2025 | SAN | Purchase | AQEU | 57,759 | 8.1955 |
| 09/09/2025 | SAN | Purchase | XMAD | 831,458 | 8.2419 |
| 09/09/2025 | SAN | Purchase | CEUX | 111,652 | 8.2354 |
| 09/09/2025 | SAN | Purchase | TQEX | 21,572 | 8.2331 |
| 09/09/2025 | SAN | Purchase | AQEU | 35,318 | 8.2309 |
| 10/09/2025 | SAN | Purchase | XMAD | 676,960 | 8.4220 |
| 10/09/2025 | SAN | Purchase | CEUX | 73,946 | 8.4266 |
| 10/09/2025 | SAN | Purchase | TQEX | 17,245 | 8.4208 |
| 10/09/2025 | SAN | Purchase | AQEU | 31,849 | 8.4418 |
| TOTAL | 4,600,000 |
Issuer name: Banco Santander, S.A. - LEI 5493006QMFDDMYWIAM13
Reference of the financial instrument: ordinary shares - Code ISIN ES0113900J37
Detailed information of the transactions carried out within the referred period is attached as Annex I.
Boadilla del Monte (Madrid), 11 September 2025
ANNEX I
Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 04/09/2025 and 10/09/2025 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-04-a-10-sept-2025.pdf)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Santander, S.A. | |||||
| Date: | September 11, 2025 | By: | /s/ Pedro de Mingo Kaminouchi | ||
| Name: | Pedro de Mingo Kaminouchi | ||||
| Title: | Head of Corporate Compliance | ||||