Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 763

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 763
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 a capital reduction of EUR 170,890,625took place through the redemption of 341,781,250shares, corresponding to he share buyback program carried out during the second semester of 2024. Aforementioned operations have not entailed the return of contributions to the shareholders as Banco Santander was the owner of the redeemed shares. Therefore, Banco Santander's share capital at 31 December 2024 consisted of EUR 7,576million, represented by 15,152,492,322shares of EUR 0.50of nominal value each and all of them of a unique class and series.

Banco Santander’s shares are listed on the Spanish Stock Market Interconnection System and on the New York, London and Warsaw Stock Exchanges, and all of them have the same features and rights. Santander shares are listed on the London Stock Exchange under Crest Depository Interest (CDI), each CDI representing oneBank’s share. They are also listed on the New York Stock Exchange under American Depositary Shares (ADS), each ADS representing oneshare. Additionally, Banco Santander's shares were listed on the traditional listing of the Mexican Stock Exchange (BMV) and since 29 December 2023, they were listed only in the International Quotation System of said stock exchange. As of 31 December 2024, no Banco Santander shareholder individually held more than 3% of its total share capital (which is the threshold generally provided for in Spanish regulations for mandatory notification of a significant participation in a listed company). Even though at 31 December 2024, certain custodians appeared in our shareholder registry as holding more than 3% of our share capital, we understand that those shares were held in custody on behalf of other investors, none of whom exceeded that threshold individually. These custodians were State Street Bank ( 15.26%), The Bank of New York Mellon Corporation ( 7.16%), Chase Nominees Limited ( 6.01%) Citibank New York ( 3.99%) and BNP ( 3.36%). At 31 December 2024, neither Banco Santander's shareholder registry nor the CNMV's registry showed any shareholder residing in a non-cooperative jurisdiction with a shareholding equal to, or greater than, 1% of our share capital (which is the other threshold applicable under Spanish regulations). b) Other considerations Under Spanish law, only shareholders at the general meeting have the authority to increase share capital. However, they may