UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
 
For the month of February, 2024

Commission File Number: 001-34476
 
BANCO SANTANDER (BRASIL) S.A.
(Exact name of registrant as specified in its charter)
 
Avenida Presidente Juscelino Kubitschek, 2041 and 2235
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil

 

(Address of principal executive office)

 

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 _______

 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): 

Yes _______ No ___X____

 Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): 

Yes _______ No ___X____

 Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: 

Yes _______ No ___X____

 If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  N/A

 
 

[Free English Translation]

 

 

 

BANCO SANTANDER (BRASIL) S.A.

Public Company of Authorized Capital

Corporate Taxpayer ID (CNPJ/MF) nº 90.400.888/0001-42

Company Registration (NIRE) 35.300.332.067

 


MATERIAL FACT

 


BANCO SANTANDER (BRASIL) S.A. (“Company”) informs that, the Company’s Board of Directors approved, in sequence of the buyback program that expires today, a new buyback program of Units and ADRs issued by Banco Santander, directly or through its branch in Cayman, to be held in treasury or subsequently sold.

 

The Buyback Program will cover the purchase of up to 36,205,005 Units, representing 36,205,005 common shares and 36,205,005 preferred shares, or ADRs, corresponding, on December 31st, 2023, to approximately 1% of the Company´s total capital stock. On December 31st, 2023, the Company held 27,192,697 common shares and 27,192,697 preferred shares in treasury.

 

The buyback has the purpose (1) to maximize the value creation to shareholders by means of an efficient capital structure management; and (2) to enable the payment of officers, directors, management level employees and other employees of the Company and companies under its control, pursuant to the Long Term Incentive Plans.

 

The Units must be purchased in B3, at market price, through Santander Corretora de Câmbio e Valores Mobiliários S.A.

 

The ADRs must be purchased in the New York Stock Exchange (NYSE), at market price, through Santander Investment Securities Inc., U.S.

 

The term of the Buyback Program is eighteen (18) months counted from February 6th, 2024, expiring on August 6th, 2025.

 

 

São Paulo, February 5, 2024.

 

 

 

 

Gustavo Alejo Viviani

Investor Relations Officer

 

 

 

 

 

 
 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
Date: February 5, 2024
 
Banco Santander (Brasil) S.A.
By:
/SReginaldo Antonio Ribeiro 
 
Reginaldo Antonio Ribeiro
Officer without specific designation

 
 
By:
/SGustavo Alejo Viviani
 
Gustavo Alejo Viviani
Vice - President Executive Officer

 

 



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