Banco Santander S.A. BNC Information on Santander Dividendo Elección

  Banco Santander S.A. (BNC) - Information on Santander Dividendo Elección

RNS Number : 6313F
Banco Santander S.A.
18 June 2012


                                MATERIAL FACT



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

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MSCSFFFWAFESEDM -0- Jun/19/2012 06:00 GMT