Banco Santander (NYSE: SAN) buyback at €162M, 8.9% of programme
Rhea-AI Filing Summary
Banco Santander, S.A. (SAN) reports progress on its previously announced share buyback programme of its own shares. As of 26 August 2026, the bank has spent €161,979,040 repurchasing shares under this programme, which represents approximately 8.9% of the programme’s maximum investment amount.
The bank states that, with these purchases, it has repurchased approximately 18% of its outstanding shares as of 2021. Between 24 and 26 August 2026, it bought a total of 12,800,000 shares across several trading venues at weighted average prices around €12.62–€12.71 per share.
Positive
- Approximately 18% of 2021 outstanding shares repurchased through the buyback programme, indicating a substantial reduction in share count over time.
- €161.98 million already deployed in buybacks, reflecting active execution of the authorised capital return programme.
Negative
- None.
Key Figures
Cash amount spent on buybacks: €161,979,040
Share of maximum investment used: 8.9%
Shares repurchased in period: 12,800,000 shares
+4 more
7 metrics
Cash amount spent on buybacks
€161,979,040
Total spent under the Buyback Programme as of 26 August 2026
Share of maximum investment used
8.9%
Portion of the Buyback Programme’s maximum investment amount used by 26 August 2026
Shares repurchased in period
12,800,000 shares
Total shares bought between 24 and 26 August 2026
Weighted average price on XMAD (24/08/2026)
€12.6456
Average purchase price per share on XMAD on 24 August 2026
Weighted average price on XMAD (25/08/2026)
€12.6545
Average purchase price per share on XMAD on 25 August 2026
Weighted average price on XMAD (26/08/2026)
€12.7146
Average purchase price per share on XMAD on 26 August 2026
Cumulative share capital reduction
18%
Approximate share of outstanding shares as of 2021 repurchased through the Buyback Programme
Key Terms
Buyback Programme, inside information, Regulation (EU) no. 596/2014 on Market Abuse, Commission Delegated Regulation (EU) 2016/1052, +1 more
5 terms
Buyback Programme financial
"relating to the buyback programme of own shares (the “Buyback Programme”)"
inside information regulatory
"Reference is made to our notice of inside information of 10 August 2026"
Information not available to the public that, if known, would likely cause a company’s stock or bonds to rise or fall—for example, undisclosed earnings, deals, product results, or management plans. It matters because trading on that information gives an unfair advantage, can distort market prices, and is typically illegal or subject to strict rules, so investors watch for proper disclosure and compliance to protect fair, transparent markets.
Regulation (EU) no. 596/2014 on Market Abuse regulatory
"Pursuant to article 5 of Regulation (EU) no. 596/2014 on Market Abuse"
Commission Delegated Regulation (EU) 2016/1052 regulatory
"and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052"
FAQ
What did Banco Santander (SAN) announce in this August 2026 report?
Banco Santander reported the execution of its share Buyback Programme, stating that by 26 August 2026 it had spent €161,979,040 repurchasing its own shares, equal to about 8.9% of the programme’s maximum investment amount.
What prices did Banco Santander (SAN) pay for the buybacks on 24–26 August 2026?
During 24–26 August 2026, Banco Santander’s weighted average purchase prices ranged from about €12.6199 to €12.7146 per share across the different venues, with individual venue averages around €12.62–€12.71.
How much of its buyback programme has Banco Santander (SAN) used so far?
By 26 August 2026, Banco Santander had spent €161,979,040 on buybacks, which the bank states represents approximately 8.9% of the maximum investment amount authorised for the Buyback Programme.
AI-generated analysis. How Rhea-AI works. Not financial advice.
