Information on Santander Dividendo Eleccion

RNS Number : 5703S

Banco Santander S.A.

22 November 2011

 

MATERIAL FACT

Further to the relevant fact communication dated 2 November 2011 (registry number 152,717), Banco Santander informs that it is envisaged to implement again the "Santander Dividendo Elección" program on the dates on which the third interim dividend is traditionally paid. Thus, subject to the Executive Committee of Banco Santander's prior resolution, shareholders shall have the possibility to choose whether to receive cash or new shares on such dates.

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

·        12 January 2012. Communication of the number of rights needed to receive one share and of the final price of the right-purchase commitment.

·        13 January 2012 (23:59 hours CET). Record date for the granting of rights.

·        16 January 2012. Commencement of the rights trading period. Santander shares start trading ex-coupon.

·        25 January 2012. Last date to request remuneration in cash (sale of rights to Grupo Santander).

·        30 January 2012. End of the trading period of the rights. Acquisition of rights by Grupo Santander.

·        2 February 2012. Payment of cash to shareholders who have so requested.

·        8 February 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.

Boadilla del Monte (Madrid), November 22, 2011

¹The 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.

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

 

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