Banco Santander, S.A. - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Banco Santander, S.A. covers the month of November 2025, with the report dated November 28, 2025. The document serves as a disclosure of "Other Relevant Information" regarding the execution of the Bank's approved share buyback programme.
Key Financial Metrics
The filing does not report standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The primary financial data disclosed relates to capital allocation for share repurchases:
- Total Cash Invested in Buyback: €1,348,478,984 (cumulative as of November 26, 2025).
- Programme Utilization: Approximately 79.3% of the maximum investment amount.
- Shares Repurchased (Period): 10,400,000 shares between November 20 and November 26, 2025.
- Weighted Average Price Range: Transactions occurred between approximately €8.77 and €9.14 per share.
Material Changes
The filing details the progression of the Buyback Programme announced on July 30, 2025. As of November 26, 2025, the Bank has repurchased approximately 15.1% of its outstanding shares as of 2021. The filing provides a transaction-level breakdown of purchases made across multiple trading venues (XMAD, CEUX, TQEX, AQEU) during the specified week.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future earnings, or discussion of new risks and contingencies. It is a compliance report pursuant to Regulation (EU) no. 596/2014 on Market Abuse, confirming transactions executed under the existing Board-approved programme.
Key Facts for Investor Verification
- Verify the total maximum investment amount of the Buyback Programme to confirm the remaining 20.7% capacity.
- Confirm the total number of outstanding shares as of 2021 to validate the 15.1% repurchase figure.
- Review the attached Annex I for granular transaction details not fully summarized in the main text.
- Note that this filing does not contain updated financial results for the quarter or year.