Banco Santander, S.A. - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Banco Santander, S.A. (the "Bank") reports other relevant information pursuant to Rule 13a-16 of the Securities Exchange Act of 1934. The report covers share buy-back transactions executed between November 14 and November 20, 2024, and was filed on November 21, 2024.
Key Financial Metrics
The filing details the execution of the Bank's Buy-back Programme of own shares. As of November 20, 2024, the cumulative cash amount invested in the programme totals 1,230,621,507 Euros. This represents approximately 80.7% of the maximum investment amount authorized for the programme.
During the specific reporting week (November 14-20, 2024), the Bank purchased a total of 17,800,000 ordinary shares (ISIN: ES0113900J37) across multiple trading venues including XMAD, CEUX, TQEX, and AQEU. The weighted average purchase prices during this period ranged from approximately 4.44 Euros to 4.59 Euros per share.
Material Changes
The primary material change reported is the significant progress in the share repurchase programme, which has now reached over 80% of its total authorized capital allocation. No other financial metrics such as revenue, profit, or debt levels are disclosed in this specific filing.
Guidance, Outlook, and Risks
The filing does not provide new financial guidance, outlook, or management commentary regarding future earnings or economic conditions. It strictly serves as a regulatory disclosure of inside information regarding the execution of the previously announced Buy-back Programme under Regulation (EU) no. 596/2014 on Market Abuse.
Key Facts for Investor Verification
- Programme Status: The buy-back programme is 80.7% complete in terms of cash investment.
- Recent Activity: 17.8 million shares were purchased in the week of November 14-20, 2024.
- Price Range: Recent repurchases occurred at weighted average prices between 4.44 and 4.59 Euros.
- Remaining Capacity: Approximately 19.3% of the maximum investment amount remains available for future repurchases under the current programme.
- Source Limitation: This filing does not contain quarterly or annual financial results (revenue, net income, cash flow); investors should refer to the Bank's Form 20-F or quarterly reports for those metrics.