Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 768

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 768
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million fair value -. On 15 December 2024, Banco Santander, S.A., proceeded to redeem in advance voluntarily all of said bonds in circulation. Additionally, at 31 December 2024 the Group had other equity instruments amounting to EUR 217million. b) Own shares ' Shareholders’ equity - Own shares' includes the amount of own equity instruments held by all the Group entities. Transactions involving own equity instruments, including their issuance and cancellation, are recognised directly in equity, and no profit or loss may be recognised on these transactions. The costs of any transaction involving own equity instruments are deducted directly from equity, net of any related tax effect. At 31 December 2022, the number of treasury shares held by the Group was 243,689,025( 1.45% of the issued share capital). During 2023, 911,293,677shares of the Bank were acquired at an average price of EUR 3.41per share, of which 389,312,719relate to the Share Buyback Program carried out during the first half of 2023, and 286,842,316relate to the Share Buyback Program started on September. Likewise, 610,255,525shares were amortised (note 31) and 246,911,504shares at an average price of EUR 3.34per share were transferred, of which 6,617,008shares correspond to the donation made by Banco Santander to Fundación Banco Santander with extraordinary character. At 31 December 2023, the number of treasury shares held by the Group was 297,815,673( 1.84% of the issued share capital). During 2024, 930,610,636shares of the Bank were acquired at an average price of EUR 4.34per share, of which 403,030,171relate to the Share Buyback Program carried out during the first half of 2024, and 341,781,250relate to the new Share Buyback Program started on September. Likewise, 1,031,653,737shares were amortised (note 31) and 181,243,113shares at an average price of EUR 4.22per share have been transferred, of which 22,167,105shares correspond to the donation made by Banco Santander to Fundación Banco Santander with extraordinary character. At 31 December 2024, the Group holds 15,