Information on Valores Santander

RNS Number : 4794A

Banco Santander S.A.

30 March 2012

 

MATERIAL FACT

Banco Santander informs that the Ordinary General Shareholders' Meeting held today has resolved to grant the holders of Valores Santader an option to convert their securities on four occasions before October 4, 2012, mandatory conversion date for the Valores Santander outstanding. Specifically, the holders of Valores Santander who so wish may request their conversion within the fifteen calendar days prior to each of June 4, July 4, August 4 and September 4, 2012.

Those who opt for the voluntary conversion will receive the number of new shares of Banco Santander that results from the conversion ratio then prevailing pursuant to the prospectus of the issuance (currently, 365.764447695684 shares for each Valor Santander, as communicated in the relevant fact announcement of last February 6, registry number 157,565). In addition, they will receive, subject to the same cancellation events provided in the prospectus, the remuneration corresponding to their Valores Santander accrued until the voluntary conversion date in which they request such conversion (this is, 4th of the relevant month).

Without prejudice to such conversion option, the terms and conditions of the issuance remain unchanged. As a result, the holders of Valores Santander who do not opt for the voluntary conversion in any of the conversion windows will maintain the rights of their securities, which will necessary convert into new shares of Santander next October 4th pursuant to the terms of the prospectus.

Santander Emisora 150, S.A.U., issuer of the Valores Santander, has also passed the necessary resolution to grant the voluntary conversion options described above.

Boadilla del Monte (Madrid), March 30, 2012

 

END

 

 

MSCBKKDBDBKDANN