Business Context and Reporting Period
This Form 6-K filing by Banco Santander, S.A. covers the period from February 6, 2025, to February 12, 2025, with the report dated February 13, 2025. The filing discloses transactions executed under the Bank's approved share buy-back programme in compliance with EU Market Abuse Regulation.
Key Financial Metrics
The filing focuses exclusively on capital allocation activities regarding the repurchase of own shares. No operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity are reported in this document.
- Total Shares Repurchased: 24,200,000 ordinary shares.
- Total Cash Amount Spent: €134,474,390.
- Programme Utilization: Approximately 8.5% of the maximum investment amount.
- Share Repurchase Ratio: Approximately 12.8% of outstanding shares as of 2021.
- Weighted Average Price Range: Transactions occurred between €5.4701 and €5.7334 per share.
Material Changes
This filing reports the execution of the buy-back programme initiated on February 5, 2025. There are no material changes to the Bank's financial condition, operations, or strategy reported in this specific document other than the reduction of outstanding share count and cash outflow associated with the repurchases.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It is a regulatory disclosure of past transactions. The Bank notes that detailed transaction information is available in Annex I.
Investor Verification Checklist
- Verify the total maximum investment amount of the Buy-back Programme to confirm the remaining capacity (currently 91.5% unused).
- Confirm the current number of outstanding shares to assess the updated percentage of shares repurchased relative to the current float.
- Review the attached Annex I for granular transaction data if specific trading venue analysis is required.
- Check subsequent filings for updates on the buy-back programme status or completion.