Business Context and Reporting Period
This Form 6-K filing by Banco Santander, S.A. covers the period from June 25, 2026, to July 1, 2026, with the report dated July 2, 2026. The filing discloses transactions executed under the Bank's ongoing share buyback programme, as required by EU Market Abuse Regulation.
Key Financial Metrics
The filing focuses exclusively on capital allocation activities regarding the share repurchase programme. It does not report operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity.
- Total Cash Invested in Buyback (to July 1, 2026): €3,631,865,722
- Percentage of Maximum Programme Investment Used: Approximately 72.2%
- Shares Repurchased in Reporting Period: 8,399,608
- Weighted Average Price Range (Reporting Period): €11.8104 to €12.0302
- Total Shares Repurchased (Programme to Date): Approximately 17.3% of outstanding shares as of 2021
Material Changes
The filing details the execution of share purchases over five trading days. The weighted average purchase price increased from €11.8104 on June 25 to €12.0302 on July 1, 2026. The cumulative investment in the programme has reached 72.2% of its maximum authorized amount.
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 buyback transactions. The document confirms compliance with the Securities Market legislation and EU regulations regarding inside information.
Investor Verification Checklist
- Verify the total maximum investment amount of the Buyback Programme to confirm the remaining 27.8% capacity.
- Confirm the total number of outstanding shares as of 2021 to validate the 17.3% repurchase figure.
- Review the attached Annex I for granular transaction data not fully detailed in the summary table.
- Check subsequent filings for the final completion date of the buyback programme.