Business Context and Reporting Period
This Form 6-K filing by Banco Santander, S.A. covers the period from June 11, 2026, to June 17, 2026, with the report dated June 18, 2026. The filing discloses "Other Relevant Information" regarding the execution of the Bank's share buyback programme, in compliance with EU Market Abuse Regulation.
Key Financial Metrics
The filing focuses exclusively on capital allocation activities related to the share repurchase programme. It does not report operational financial metrics such as revenue, profit, cash flow, margins, or debt levels.
- Total Buyback Expenditure (Cumulative): €3,376,585,780 (as of June 17, 2026).
- Programme Utilization: Approximately 67.1% of the maximum investment amount.
- Shares Repurchased (Cumulative): Approximately 17.2% of outstanding shares (as of 2021).
- Shares Purchased (Reporting Period): 10,708,137 shares.
- Trading Venues: XMAD (Madrid) and CEUX (Euronext).
Material Changes and Transaction Details
The filing details specific transactions executed between June 11 and June 17, 2026. The weighted average purchase price increased over the week, ranging from €10.51 to €11.79.
| Date | Venue | Shares Purchased | Weighted Avg. Price (€) |
|---|---|---|---|
| 11/06/2026 | XMAD | 2,357,395 | 10.5131 |
| 11/06/2026 | CEUX | 1,500,000 | 10.5170 |
| 12/06/2026 | XMAD | 1,000,000 | 10.9205 |
| 15/06/2026 | XMAD | 850,742 | 11.4484 |
| 16/06/2026 | XMAD | 1,000,000 | 11.5570 |
| 17/06/2026 | XMAD | 4,000,000 | 11.7919 |
| Total | - | 10,708,137 | - |
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future earnings, or discussion of risks and contingencies. It is a regulatory disclosure of past transactions under the existing buyback programme approved by the Board of Directors.
Investor Verification Checklist
- Verify the total maximum investment amount of the Buyback Programme to confirm the remaining capacity (currently 32.9% unused).
- Confirm the current number of outstanding shares to update the percentage of shares repurchased (currently cited as 17.2% of 2021 levels).
- Review the "Buyback Commencement Communication" dated February 4, 2026, for the full terms and conditions of the programme.
- Check Annex I (referenced in the filing) for granular transaction data if required for compliance analysis.