MADRID – santander bank (BME:) SA has announced the registration of a public deed of capital reduction for the amount of 170,890,625 euros. This reduction, effective as of December 20, 2024, involved the cancellation of 341,781,250 treasury shares, which is equivalent to approximately 2.21% of the bank’s share capital.
After this measure, the bank’s share capital amounts to 7,576,246,161 euros, divided into 15,152,492,322 shares of 0.50 euros of nominal value each. These shares are of the same class and confer equal rights to their holders.
The capital reduction is part of Banco Santander’s ongoing strategy to efficiently manage its share capital. It concludes a series of seven buyback programs carried out based on the financial results of 2021, 2022, 2023 and the first half of 2024. Since November 2021, the bank has repurchased and subsequently retired around 12.62% of its shares, for a total of 2,188,148,980 shares, which has meant a cumulative reduction in the share capital of EUR 1,094,074,490.
This latest financial maneuver by Banco Santander is a continuation of the bank’s efforts to optimize its capital structure and offer value to its shareholders. The registration of the capital reduction in the Santander Commercial Registry marks the closure of this specific phase of the bank’s capital management plan.
The information on the capital reduction is based on a press release from Banco Santander and has been officially communicated to the National Securities Market Commission. The bank, a major player in the global banking sector, has made this data available in compliance with Securities Market legislation. He London Stock Exchange (LON:) RNS news service, approved by the United States Financial Conduct Authority Kingdom (TADAWUL :), has disseminated the information, underlining the regulatory transparency of the process.
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