Banco Santander makes 73.9% of its share buyback program

by time news

2024-05-23 15:31:08

Santander Financial institution 73.9% of its present share repurchase program has already been accomplished within the eleventh week of this system, as reported to the Nationwide Securities Market Fee (CNMV).

To this point, Santander Financial institution having acquired 249.1 million shares for a complete of 1,078.5 million euros, at a mean worth of 4.3941 euros per share.

Within the eleventh week of this system, the entity chaired Ana Botin It has acquired 12.6 million shares for 61 million euros, at a mean worth of 4.8419 euros.

This Banco Santander repurchase program has a complete sum of 1,459 million euros. The utmost common worth at which you plan to purchase the shares can’t exceed 4.76 euros per share, a determine akin to the tangible fairness per share on the finish of 2023.

Santander Financial institution It’s anticipated that, at a mean worth of three.95 euros per share, will probably be in a position to buy roughly 369.3 million shares, which represents 2.33% of the entity’s share capital.

The period of this system extends between February 20 and June 21, though Banco Santander reserves the correct to finish it earlier if the utmost financial quantity is reached or if another circumstances happen that make it advisable.

Banco Santander is making purchases within the ongoing Spanish market, Turquoise Europe, DXE Europe, and Aquis Trade Europe.

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