Scrip dividend schedule

RNS Number : 8214V

Banco Santander S.A.

08 November 2010

 

MATERIAL FACT ANNOUNCEMENT

Banco Santander informs that, after the recent implementation of the "Santander Dividendo Elección" program, the results of which were disclosed by means of a material fact announcement made on 2 November 2010 (registry number 132,476), it is envisaged to implement again such 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 execution of the free-of-charge capital increase approved on June 11, 2010 by Santander's Ordinary Shareholders' Meeting under section seven B) of its agenda, which capital increase serves as an instrument for the implementation of the "Santander Dividendo Elección" program, is as follows¹:

·        13 January 2011. Communication of the number of rights needed to receive one share and of the final price of the right-purchase commitment.

·        14 January 2011 (23:59 hours CET). Record date for the granting of rights.

·        17 January 2011. Commencement of the rights trading period.  Santander shares start trading ex-coupon.

·        28 January 2011. Last date to request remuneration in cash (sale of rights to Grupo Santander).

·        31 January 2011. End of the trading period of the rights. Acquisition of rights by Grupo Santander from those shareholders who have requested cash.

·        3 February 2011. Payment of cash to shareholders who have so requested.

·        8 February 2011. 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 8, 2010.

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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