Madrid – Santander Bank (BME:) SA announced the registration of a public capital reduction bond amounting to €170,890,625. This reduction, which took effect from December 20, 2024, included the cancellation of 341,781,250 of its shares, equivalent to approximately 2.21% of the bank's capital.
Following this move, the bank's capital now stands at €7,576,246,161, divided into 15,152,492,322 shares with a nominal value of €0.50 each. These shares are of the same class and give equal rights to their holders.
The capital reduction is part of Banco Santander's ongoing strategy to manage its capital efficiently. It concludes a series of seven repurchase programs conducted against the financial results of 2021, 2022, 2023 and the first half of 2024. Since November 2021, the bank has repurchased and subsequently retired approximately 12.62% of its shares, for a total of 2,188,148,980 shares, which resulted in a reduction of the accumulated capital. For the euro 1,094,074,490.
This latest financial maneuver by Banco Santander is a continuation of the bank's efforts to improve its capital structure and deliver value to its shareholders. The registration of the capital reduction with Santander's commercial registry marks the completion of this specific phase of the bank's capital management plan.
The information regarding the capital reduction is based on a press release issued by Banco Santander and officially sent to the Spanish National Securities Market Commission. The Bank, an important player in the global banking sector, has made these details available in accordance with stock market legislation. the London Stock Exchange (LON:) RNS News Service, authorized by the Financial Conduct Authority in the United States Kingdom (Tadawul:), has published the information, confirming the regulatory transparency of the process.
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