Banco Santander S.A. (BNC) - Information on Santander Dividendo Elección
RNS Number : 0457S
Banco Santander S.A.
26 November 2012
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:
· 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. 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
 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
 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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