Information on Santander Dividendo Elecci?n

RNS Number : 4790A

Banco Santander S.A.

30 March 2012

 



MATERIAL FACT

Further to the relevant fact communication dated 19 December 2011 (registry number 155,186), Banco Santander informs that the Ordinary General Shareholders' Meeting held today has passed, under item nine A) of its agenda, a free-of-charge capital increase to implement the "Santander Dividendo Elección" remuneration scheme on the dates on which the final dividend is traditionally paid (April / May 2012). This scheme shall offer shareholders the possibility to choose whether to receive cash or new shares on those dates.

The envisaged timeline for the implementation of the "Santander Dividendo Elección" program is as follows¹:

- 11 April 2012. Communication of the number of rights needed to receive one share and of the final price of the right-purchase commitment.

- 12 April 2012 (23:59 hours CET). Record date for the granting of rights.

- 13 April 2012. Commencement of the rights trading period. Santander shares start trading ex-coupon.

- 23 April 2012. Last date to request remuneration in cash (sale of rights to Grupo Santander).

- 27 April 2012. End of the trading period of the rights. Acquisition of rights by Grupo Santander.

- 3 May 2012. Payment of cash to shareholders who have so requested.

- 9 May 2012. Commencement of the ordinary trading of the new shares in the Spanish Stock Exchanges, subject to the necessary authorizations having been granted². Shareholders who have opted for new shares have them delivered.

The gross price at which Grupo Santander shall irrevocably commit to purchase rights, which will be calculated pursuant to the formula approved by the Ordinary General Shareholders' Meeting, will be approximately 0.220 Euros per right.

Boadilla del Monte (Madrid), March 30, 2012

¹ The term for the acceptance of the right-purchase commitment and the envisaged payment date for those shareholders who request cash may not be coincidental with those set out above in respect of those shareholders holding Santander shares in the various foreign stock exchanges in which the Bank is listed.

² Admission to listing of the new shares in the foreign stock exchanges where the Bank is listed shall also be requested.

 

END

 

 

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