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

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

RNS Number : 0457S
Banco Santander S.A.
26 November 2012



                                MATERIAL FACT

Banco Santander, S.A.  informs that  it is  envisaged to  implement again  the 
"Santander Dividendo  Elección"  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  implementation  of  the  "Santander   Dividendo 
Elección" program is as follows[1]:

· 11 January  2013. Communication  of the  number of  rights needed  to 
receive one share and of the final price of the right-purchase commitment.

· 14 January 2013  (23:59 hours CET). Record  date for the granting  of 

·  15  January  2013.  Commencement  of  the  rights  trading  period. 
Santander shares start trading ex-coupon.

· 24 January 2013. Last date  to request remuneration in cash (sale  of 
rights to Grupo Santander).

· 29 January 2013. End of the trading period of the rights. Acquisition
of rights by Grupo Santander from those shareholders who have requested cash.

· 1  February  2013.  Payment  of cash  to  shareholders  who  have  so 

· 8 February  2013. Commencement  of the  ordinary trading  of the  new 
shares in the Spanish Stock Exchanges, subject to the granting of the relevant
authorizations[2]. Shareholders  who  have opted  for  new shares  have  them 

The gross price at which Grupo Santander shall irrevocably commit to  purchase 
rights, which  will be  calculated pursuant  to the  formula approved  by  the 
Ordinary General Shareholders' Meeting, will  be approximately 0.15 Euros  per 

                                Boadilla del Monte (Madrid), November 26, 2012


[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 

[2]  Admission to listing of the new shares in the foreign stock  exchanges 
where the Bank is listed shall also be requested.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


MSCFELFWMFESEFF -0- Nov/26/2012 17:36 GMT
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