Santander Bank Polska S.A. (WSE:SPL) announces a share repurchase program. Under the program, the company will repurchase up to 271,000 shares, representing 0.27% of its share capital, for PLN 72.36 million. The repurchase price will be no lower than PLN 50 and no higher than PLN 1,000 per share.

The purpose of the program is the allocation of shares to employees who are participants in the group's Incentive Program VII, i.e. the payment of awards to those participants for 2023 and deferred awards accruing for 2022. The program will be conducted in two periods starting from February 19 to March 29 and from May 2 to June 21, 2024.