Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 237

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 237
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 registered with the Commercial Registry on 5 February 2024; and • another one by EUR 165,652,500 (c. 2.09% of share capital), in the terms agreed at the 2024 AGM and registered with the Commercial Registry on 1 July 2024. • One through the cancellation of the shares repurchased under the first buyback programme that formed part of the shareholder remuneration policy for 2024 (First 2024 Buyback Programme), by EUR 170,890,625 (c. 2.21% of share capital), under the authorization of the 2024 AGM and registered with the Companies Register on 20 December 2024. Since November 2021, when we completed the first buyback programme of those executed within the framework of the shareholder remuneration policy, Banco Santander has reduced its share capital by c.12.62% of the outstanding shares as of that date. At the 2025 AGM, the board of directors submitted a share capital reduction proposal to cancel the shares that will be acquired through the second share buyback programme charged against 2024 results (Second 2024 Buyback Programme); as well as, if appropriate, a further proposal to cancel the shares that are

acquired in any new buyback programme that the board may implement or by other legally permitted means. See sections 2.5 'Treasury shares' and 3.5 'Our next AGM in 2025' . We have a diversified and balanced shareholder structure, with 3,485,134 shareholders as at 31 December 2024, broken down by type, geographical provenance and number of shares as follows:

| Type of investor |     |                    |       |   |
|                  |     | % of share capital |       |   |
| BoardA           |     |                    |  1.29 | % |
| Institutional    |     |                    | 58.70 | % |
| Retail           |     |                    | 40.01 | % |
| Total            |     |                    |   100 | % |

A. Shares owned or represented by directors. For more details, see 'Tenure and equity ownership' in section 4.2 and subsection A.3 in section 9.2 'Statistical information on corporate governance required by CNMV' .

| Geographic distribution |     |                    |       |   |
|                         |     | % of share capital |