Santander launches EUR 1.83 billion share buyback program
SAN•Maximum repurchase limit
The maximum number of shares to be repurchased is capped at 1,468,931,950.
Timing and size of the program
The buyback is expected to start on Aug. 24, 2026, pending completion of the current Goldman Sachs-run program, which is expected to end on Aug. 21.
The indicative duration is 98 trading sessions, implying an end date of Jan. 8, 2027. Santander may suspend or end it earlier.
Buyback tied to first-half 2026 profit
Santander launched a EUR 1.83 billion share buyback tied to 1H 2026 ordinary profit, targeting about 25% of that profit.
Shares to be cancelled under capital reduction
The program aims to cancel repurchased shares to reduce share capital under the 2026 shareholder-approved capital reduction.
