2023-12-28 18:31:39
Banco Santander has reached 79.3% of its current share buyback program. Specifically, the entity chaired by Ana Botín has invested some 1,038 million euros to buy 286 million securities, as indicated to the National Securities Market Commission (CNMV).
Santander Bank In the last week, it has acquired a total of 18.8 million own shares, at an average price of 3.79 euros per share, with an aggregate amount of 71.5 million euros.
Banco Santander set the maximum amount of the current share buyback program at 1,310 million euros, an amount equivalent to 25% of the entity’s ordinary profit in the first half of 2023.
Santander Bank has established that the maximum average price at which the shares are purchased does not exceed 4.57 euros. The maximum completion date is set for January 2024.
However, Santander Bank reserves the right to terminate the program early if the maximum monetary amount is reached, or any other circumstance occurs that makes it advisable.
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