Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000950103-25-001594
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 1
---
 amount of 1,587 million 
 euros.                                                                                  |

| - | Maximum                                                                                       
 number of shares: The maximum number of shares that may be acquired pursuant to the Programme 
 will depend on the average price at which they are acquired but will not exceed 1,413,743,296 
 shares. Assuming that the average purchase price at which shares are acquired pursuant to     
 the Programme were 5.00 euros, the maximum number of shares that would be acquired would      
 be 317,400,000 (c. 2.10% of the Bank’s share capital.                                         |

| - | Other                                                                                        
 conditions: shares will be purchased at market price, subject to the following restrictions: |

| o | The                                                                                       
 Bank may not purchase shares at a price higher than the greater of the following two: (a) 
 the price of the last independent trade, or (b) the highest current independent purchase  
 bid on the trading venue where the purchase is carried out.                               |

| o | The                                                                                       
 Bank may not purchase on any trading day more than 25% of the average daily volume of the 
 Bank’s shares on the trading venue on which the purchase is carried out. The average      
 daily volume will be based on the average daily volume traded in the twenty (20) business 
 days preceding the date of each purchase.                                                 |

| - | Indicative                                                                                
 duration of the Buy-Back Programme: from 6 February 2025 to 27 June 2025. However, the    
 Bank reserves the right to terminate the Buy-Back Programme if, prior to its expiry date, 
 the maximum monetary amount is reached or if any other circumstances so advise.           |

| - | Execution                                                                                 
 of the Buy-Back Programme: the Programme will be executed by the team that, in accordance 
 with the Bank’s treasury stock policy, is responsible for the execution of treasury       
 shares transactions. Acquisitions under the Buy-Back Programme may be made in the Spanish 
 Automated Quotation System (Mercado Continuo), as well as in Turquoise Europe, DXE        
 Europe and Aquis Exchange Europe.                                                         |

The interruption, termination or modification of the Buy-Back Programme will be duly communicated to the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores). Transactions under the Buy-Back Programme will be publicly disclosed within 7 daily market sessions following the date of their execution.

The decision on the payment of the final gross cash dividend against the 2024 results