Banco Santander S.A. (BNC) - Information on Santander Dividendo Elección
RNS Number : 6313F
Banco Santander S.A.
18 June 2012
Following the material fact announcement published on 13^th May last
(registration number 163932) with respect to the provisions to be set up by
Grupo Santander in application of Royal Decree-Law 18/2012 on provisioning of
real estate assets, Banco Santander hereby announces that the Board of
Directors, at its meeting held today, resolved as follows:
(i) To apply the Santander Dividendo Elección program on the dates on which
the first, second and third interim dividends are usually paid. As a result,
in addition to what was announced in the material fact announcement published
on 1^st June (registration number 165971) with respect to the application of
the aforementioned program in July/August 2012, the Executive Committee will
execute the resolutions adopted by shareholders at the Ordinary General
Meeting held on 30^th March, 2012 under items Nine C and D on the agenda, on
the dates when the second and third interim dividends are traditionally paid
(October/November 2012 and January/February 2013, respectively). The fixed
price of the irrevocable undertaking to acquire the free allotment rights
pertaining to each of such applications of the Santander Dividendo Elección
program will be approximately 0.15 euros per share.
(ii) To also apply the Santander Dividendo Elección program on the date when
the final dividend is usually paid (April/May 2013). For such purpose, the
Board of Directors has resolved to submit to shareholders for approval at the
next ordinary General Meeting, which it is envisaged will be held on 22^nd
March 2013, a proposal for a free of charge capital increase in the amount
necessary to apply the aforementioned program to the final remuneration
corresponding to the 2012 financial year. The market price of the shares to
be issued will be such that the shareholder remuneration will be approximately
0.15 euros per share.
Therefore, as announced in the material fact announcement published on 13^th
May referred to above, the total envisaged shareholder remuneration in respect
of the 2012 financial year will amount to approximately 0.60 euros per share.
Boadilla del Monte (Madrid), 18^th June, 2012
This information is provided by RNS
The company news service from the London Stock Exchange
MSCSFFFWAFESEDM -0- Jun/19/2012 06:00 GMT
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