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 the period from September 12, 2024, to September 18, 2024, and was filed on September 19, 2024. The filing details transactions executed under the Bank's approved Buy-back Programme of own shares.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity and does not provide general financial statements such as revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period.
- Total Shares Purchased: 17,650,000 ordinary shares (ISIN: ES0113900J37).
- Total Cash Amount Spent: €335,579,838.
- Programme Utilization: Approximately 22% of the maximum investment amount of the Buy-back Programme.
- Trading Venues: Transactions occurred across XMAD, CEUX, TQEX, and AQEU.
- Price Range: Weighted average prices ranged from approximately €4.31 to €4.52 per share during the period.
Material Changes
This filing represents a continuation of the Buy-back Programme announced on August 27, 2024. There are no material changes to the Bank's core business operations or financial condition reported in this document; the primary change is the reduction of outstanding shares and the deployment of cash reserves for the buyback.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies beyond the regulatory disclosure of the share transactions. The Bank confirms compliance with Regulation (EU) no. 596/2014 on Market Abuse regarding the disclosure of these transactions.
Key Facts for Investor Verification
- Verify the total cumulative amount spent on the Buy-back Programme to date against the maximum authorized limit.
- Confirm the weighted average price paid (€4.31–€4.52) relative to the current market price of Banco Santander shares.
- Review the August 27, 2024, "Buy-back Commencement Communication" for the full terms and maximum investment cap of the programme.
- Note that this filing does not contain quarterly or annual financial results; investors should refer to the Bank's Form 20-F or interim financial reports for revenue and profit data.