Current Report no. 11 (2025)
Information about transactions executed in the course of the own shares buy-back and the completion of this year's share buy-back to implement Incentive Programme VII.
In relation to current report no. 3/2025, 4/2025 and 9/2025, the Management Board of Santander Bank Polska S.A. (Bank) hereby announces that as part of exercising the buy-back programme of the Bank's shares, the conditions of which were established in the Banks' Management Board resolution of 25 February 2025 (Resolution and Buy-back) pursuant to the authorisation granted in the Annual General Meeting resolution no. 46 of 18 April 2024 regarding authorising the Management Board to purchase (buy-back) the Bank shares to execute Incentive Plan VII and to create a capital reserve for that purpose, the Bank purchased its own shares in transactions described in appendix 1 and 2 to this report in order to meet its commitments to allot shares to the Bank's group employees who are participants in Incentive Plan VII, i.e. to pay out awards for 2024 and the deferred awards due for years 2022-2023 to be paid in 2025 to these participants.
Appendix 1 includes detailed data on transactions and appendix 2 includes the aggregated data - related to transactions made from 10 March 2025 to 12 March 2025.
Appendix 1 includes detailed data on transactions and appendix 2 includes the aggregated data - related to transactions made from 10 March 2025 to 12 March 2025.
Taking into account the share purchase transactions presented in appendix 1 and 2, as at the end of 12 March 2025 the Bank, in the course of current Buy-back implementing the Incentive Plan VII, has entered into transactions involving 155 605 of its own shares in total (including its own shares purchased as part of the Plan and outside the Plan) which represent 0.15% of the Bank's share capital and which give 0.15% of votes in the total number of votes at the General Meeting. At the same time, the Bank informs that as at the end of 12 March 2025 it has given instructions to transfer 155 605 shares to the brokerage accounts of the participants of Incentive Plan VII.
Given that the Bank purchased enough of its own shares to pay awards to the participants in Incentive Plan VII due for 2024, payable in 2025, as well as the deferred awards due for 2022-2023 payable in 2025, the Management Board hereby confirms that on 12 March 2025 it closed 2025 buyback programme of its own shares set up for this purpose.
Legal basis:
Article 2 (2) and (3) of the of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures and in relation to Article 5 (3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
16:06, 13 Mar 2025