Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000950103-25-001594
Chunk: 0

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 0
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<div align='center'>FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of February, 2025

Commission File Number: 001-12518

Banco Santander, S.A.

(Exact name of registrant as specified in its charter)

Ciudad Grupo Santander

28660 Boadilla del Monte (Madrid) Spain

(Address of principal executive office)</div>

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

| Form 20-F | X |     | Form 40-F |

<div align='center'>Banco Santander, S.A.

TABLE OF CONTENTS</div>

Item 1

Banco Santander, S.A.(“ Banco Santander” or the “ Bank”), in compliance with the Securities Market legislation, hereby communicates the following:

<div align='center'>inside information</div>

In application of the Bank’s current shareholder remuneration policy, consisting of a total shareholder remuneration target of c. 50% of the Group’s underlying profit, split approximately in equal parts in cash dividend payments and share buybacks, the board of directors approved to implement a share repurchase programme for an amount equivalent to c. 25% of the Group’s underlying profit in the second half of 2024 (i.e. a programme of approximately 1,587 million euros). The appropriate regulatory authorization for the new programme has already been obtained and its execution will therefore commence from tomorrow as detailed below.

Second Buy-Back Programme for 2024 results

The Buy-Back Programme will be executed pursuant to the resolutions adopted by the general shareholders’ meeting held on 31 March 2023 and will have the following characteristics:

| - | Purpose                                                                                   
 of the Buy-Back Programme: to reduce the Bank’s share capital through the redemption      
 of the shares acquired under the Programme in the share capital reduction approved by the 
 2024 Annual Shareholders' Meeting under item 5ºC of the agenda and/or, where applicable,  
 the capital reduction that will be submitted to the approval of the 2025 Ordinary General 
 Meeting of Shareholders.                                                                  |

| - | Maximum                                                                                 
 investment: the Buy-Back Programme will have a maximum monetary