14-03-2024
Current report no.: 17/2024
Subject: 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. 5/2024,
no. 9/2024, no. 14/2024 and no. 16/2024, 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
16 February 2024 (Resolution and Buy-back) pursuant to the authorisation
granted in the Annual General Meeting resolution no. 29 of 19 April 2023
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 2023
and the deferred awards due for 2022 to be paid in 2024 to these
participants.
Appendix 1 includes detailed data on
transactions and appendix 2 includes the aggregated data – related to
transactions made from 11 March 2024 to 13 March 2024.
Transactions were carried out through the
Bank’s brokerage house, i.e. Santander Biuro Maklerskie.
Taking into account the share purchase
transactions presented in appendix 1 and 2, as at the end of 13 March
2024 the Bank, in the course of current Buy-back implementing the
Incentive Plan VII, has entered into transactions involving 134 690 of
its own shares in total (including its own shares purchased as part of
the Plan and outside the Plan) which represent 0.132% of the Bank’s
share capital and which give 0.132% of votes in the total number of
votes at the General Meeting. At the same time, the Bank informs that as
of 14 March 2024 it has given instructions to transfer 134 690 own
shares to the brokerage accounts of the participants of Incentive Plan
VII.
Due to the exhaustion of the amount
allocated for the purchase of the Bank’s Own Shares in 2024, the
Management Board of the Bank confirms the termination as of 13 March
2024 made 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 2023 and the deferred awards due for 2022 to be paid in
2024 to these participants.
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.
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