Acquisition

RNS Number : 6118D

Banco Santander S.A.

17 September 2008

 

MATERIAL FACT 

Banco Santander, S.A. ('Banco Santander') announces that the shareholders' meeting of Alliance & Leicester plc ('A&L') has approved the acquisition proposal of the entire ordinary share capital of A&L by Banco Santander to be implemented by means of a scheme of arrangement under the English Companies Act of 2006 that was announced on 14 July 2008 (the 'Acquisition'). The European Commission also announced yesterday that it had granted its approval for the Acquisition under the European Commission Merger Regulations.

Subject, amongst other things, to the approval of the capital increase in Banco Santander by the Extraordinary General Shareholders' Meeting of Banco Santander convened for 21 and 22 September 2008 on, respectively, first and second call and the sanctioning of the scheme of arrangement by the High Court of Justice in England and Wales, the Acquisition is expected to be effective on 10 October 2008 and the Banco Santander shares to be received by the ordinary shareholders of A&L are expected to be listed in the Spanish Stock Exchanges and the London Stock Exchange on 14 October 2008. 

Boadilla del Monte (Madrid), September 17, 2008

 

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