Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 1064

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 1064
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 in the 'Corporate governance' chapter in Part 1 of this annual report on Form 20-F and note 34.b) to our 'Consolidated financial statements' in Part 1 of this annual report on Form 20-F.

During 2024, all purchases and sales of equity securities were made in open-market transactions.

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| Contents |     | Cross-reference to Form 20-F |     | Consolidated director's report |     | Consolidated financial statements |     | Supplemental information |

13. Additional information

13.1. Memorandum and articles of association

#### Bylaws
The following summary of the material terms of our Bylaws is not meant to be complete and is qualified in its entirety by reference to our Bylaws. Because this is a summary, it may not contain all the information that is important to you. You should read our Bylaws carefully before you decide to invest. A copy of our Bylaws is incorporated by reference.

Banco Santander's most recent Bylaws was approved by our shareholders at the annual general shareholders’ meeting held on 21 June 2008 and registered with the Commercial Registry on 11 August 2008.

Since then, Article 5 of Banco Santander’s Bylaws has been updated several times, mostly to show the current share capital and the number of shares outstanding.

In 2024, the share capital was amended three times, reducing it on each occasion:

• Two times through the cancellation of the shares repurchased under the buyback programmes that formed part of the shareholder remuneration policy for 2023:

• on 30 January 2024 by EUR 179,283,744 (c. 2.22% of share capital) under the authorization of the 2023 AGM, and which was registered in the Commercial Registry on 5 February 2024; and

• on 25 June 2024 by EUR 165,652,500 (c. 2.09% of share capital) in the terms agreed at the 2024 AGM, and which was registered with the Commercial Registry on 1 July 2024.

• One time 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