SAN executes buyback: 12.6% of programme used through Aug 13, 2025
Rhea-AI Filing Summary
Banco Santander reported execution of its announced buyback programme between 7 and 13 August 2025. To 13 August the Bank has spent €214,649,085, representing approximately 12.6% of the programme's maximum investment. During that week the Bank repurchased a total of 7,350,000 ordinary shares across trading venues XMAD, CEUX, TQEX and AQEU, at weighted average prices ranging from about €7.71 to €8.10. The filings state these purchases amount to roughly 14.3% of outstanding shares as of 2021 and refer to the earlier Buyback Commencement Communication of 30 July 2025.
Positive
- €214,649,085 deployed under the Buyback Programme to 13 August 2025 (about 12.6% of programme maximum)
- Repurchase of 7,350,000 ordinary shares, representing approximately 14.3% of outstanding shares as of 2021
- Detailed per-venue and per-day disclosure (XMAD, CEUX, TQEX, AQEU) with weighted average prices (~€7.71–€8.10)
Negative
- None.
Insights
TL;DR: Santander has begun meaningful buyback activity, spending €214.65M and repurchasing 7.35M shares through Aug 13, 2025.
The disclosed transactions show the bank has executed a material portion of its announced programme (12.6% of the programme's maximum investment) in the first reporting window. The purchases were spread across multiple trading venues and at weighted average prices between ~€7.71 and ~€8.10, totalling 7,350,000 shares. For investors this reduces share count and signals management is deploying capital to repurchases under the approved framework; the filing is routine and transparent in line with market abuse regulations.
TL;DR: Disclosure complies with Market Abuse Regulation and delegated rules; details of venue, volume and prices are provided.
The Form 6-K furnishes the required granular disclosure of buyback activity, referencing the Buyback Commencement Communication and attaching transaction-level details. The report documents compliance with insider/market rules by reporting aggregate cash deployed and percentage of programme used. From a governance and disclosure standpoint the filing is standard, timely and fulfils regulatory transparency expectations.
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 August, 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 August 14, 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 7 and 13 August 2025 (both inclusive).
The cash amount of the shares purchased to 13 August 2025 as a result of the execution of the Buyback Programme amounts to 214,649,085 Euros, which represents approximately 12.6% 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 14.3% of its outstanding shares as of 2021.
| Date | Security | Transaction | Trading venue | Number of shares | Weighted average price (€) |
| 07/08/ 2025 | SAN | Purchase | XMAD | 1,670,260 | 7.7116 |
| 07/08/ 2025 | SAN | Purchase | CEUX | 327,054 | 7.7234 |
| 07/08/ 2025 | SAN | Purchase | TQEX | 128,677 | 7.7201 |
| 07/08/ 2025 | SAN | Purchase | AQEU | 124,009 | 7.7143 |
| 08/08/ 2025 | SAN | Purchase | XMAD | 1,186,872 | 7.8572 |
| 08/08/ 2025 | SAN | Purchase | CEUX | 119,148 | 7.8633 |
| 08/08/ 2025 | SAN | Purchase | TQEX | 40,902 | 7.8622 |
| 08/08/ 2025 | SAN | Purchase | AQEU | 53,078 | 7.8597 |
| 11/08/ 2025 | SAN | Purchase | XMAD | 1,330,929 | 7.9124 |
| 11/08/ 2025 | SAN | Purchase | CEUX | 150,501 | 7.9167 |
| 11/08/ 2025 | SAN | Purchase | TQEX | 58,392 | 7.9029 |
| 11/08/ 2025 | SAN | Purchase | AQEU | 60,178 | 7.9056 |
| 12/08/ 2025 | SAN | Purchase | XMAD | 1,156,697 | 8.0131 |
| 12/08/ 2025 | SAN | Purchase | CEUX | 217,546 | 8.0149 |
| 12/08/ 2025 | SAN | Purchase | TQEX | 66,106 | 8.0090 |
| 12/08/ 2025 | SAN | Purchase | AQEU | 59,651 | 8.0101 |
| 13/08/ 2025 | SAN | Purchase | XMAD | 541,926 | 8.0968 |
| 13/08/ 2025 | SAN | Purchase | CEUX | 43,015 | 8.0859 |
| 13/08/ 2025 | SAN | Purchase | TQEX | 14,513 | 8.0747 |
| 13/08/ 2025 | SAN | Purchase | AQEU | 546 | 8.0470 |
| TOTAL | 7,350,000 |
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), 14 August 2025
ANNEX I
Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 07/08/2025 and 13/08/2025 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-07-a-13-ago-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: | August 14, 2025 | By: | /s/ Pedro de Mingo Kaminouchi | |
| Name: | Pedro de Mingo Kaminouchi | |||
| Title: | Head of Corporate Compliance | |||
FAQ
How much has Banco Santander (SAN) spent on the buyback programme to 13 August 2025?
How many shares did Santander repurchase between 7 and 13 August 2025?
What percentage of the buyback programme and outstanding shares does this represent?
On which trading venues were the buyback transactions executed?
What was the price range for the repurchased shares during 7–13 August 2025?
