Offer to repurchase preference and for SAN shares

RNS Number : 6291U

Banco Santander S.A.

23 December 2011

 

MATERIAL FACT ANNOUNCEMENT

Further to the material fact announcements dated December 2 and 13, 2011 (registration numbers 154,341 and 154,659), and in accordance with section 5.1.9 of the securities note registered with the Spanish Comisión Nacional del Mercado de Valores on December 13, 2011, Banco Santander announces that the period for accepting the repurchase offer of preference shares (Participaciones Preferentes Serie X) and for the subscription of the capital increase addressed to acceptors of such repurchase offer has ended today (the "Repurchase Offer" and the "Capital Increase", respectively).

The issue price of the shares object of the Capital Increase shall be 5.686 euros, the value corresponding to the arithmetic mean of the average weighted prices of Banco Santander shares between 14 and 23 December 2011, both inclusive. Accordingly, the number of common shares object of the Capital Increase is 345,693,936, with a total nominal value of 172,846,968 euros.

In the coming days notice will be given of the preference shares that have accepted the Repurchase Offer and, therefore, the number of common shares actually subscribed in the Capital Increase. It is envisaged that the repurchase of preference shares and the paying up of the common shares subscribed shall take place on December 30, 2011.

Boadilla del Monte (Madrid), December 23, 2011

 

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