Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 764

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 764
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 delegate the authority to approve or execute capital increases to the board of directors. Banco Santander´s Bylaws are fully aligned with Spanish law and do not establish any different conditions for share capital increases. At 31 December 2024 the shares of the following companies were listed on official stock mark ets: Banco Santander - Chile; Banco Santander (Brasil) S.A. and Santander Bank Polska S.A. At 31 Decemb er 2024 the number of Banco Santander shares owned by third parties and managed by Group management companies (mainly portfolio, collective investment undertaking and pension fund managers) or jointly managed was 40million shares, which represented 0.26% of Banco Santander’s share capital ( 36and 50million shares, representing 0.22% and 0.30% of the share capital in 2023 and 2022, respectively). In addition, the number of Banco Santander shares owned by third parties and received as security was 78million shares (equal to 0.51% of the Bank’s share capital). At 31 December 2024 the capital increases in progress at Group companies and the additional capital authorised by their shareholders at the respective general meetings were not material at Group level (see appendix V)

Annual report 2024 703

| Contents |     | Auditor's report |     | Consolidated financial statements |     | Notes to the consolidated financial statements |     | Appendix |

32. Share premium Share premium includes the amount paid up by the Bank’s shareholders in capital issues in excess of the par value. The Corporate Enterprises Act expressly permits the use of the share premium account balance to increase capital at the entities at which it is recognised and does not establish any specific restrictions as to its use. The change in the balance of share premium corresponds to the capital reductions detailed in note 31.a). The decreased produced in 2022 by an amount of EUR 1,433million was the consequence of the difference between the purchase value of the redeemed shares (EUR 1,706million) and the par value of said shares (EUR 273million) as a consequence of the capital decreases described in note 31.a. The decrease produced in 2023 by an amount of EUR 1,595million was the consequence of the difference between the purchase value of the redeemed shares (EUR 1,900million) and the par value of said shares (EUR 305million) (see note 4.a and consolidated statements of changes in total