2024-01-11 18:40:14
Santander Bank has already executed 85.6% of its current share buyback program, having invested some 1,121 million euros to acquire 308 million shares, as indicated by the entity chaired by Ana Botín to the National Securities Market Commission (CNMV).
Santander Bank In the last week, it has purchased a total of 12.8 million own shares, at an average price of 3.87 euros per share, with an aggregate amount of 50 million euros.
The maximum amount planned for Banco Santander’s current share buyback program is 1,310 million euros, a figure equivalent to 25% of the entity’s ordinary profit in the first half of 2023.
Banco Santander intends to carry out this program in such a way that the maximum average price at which it purchases the shares does not exceed 4.57 euros. The completion date is set for this month of January.
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