Banco Santander S.A. Information on Santander Dividendo Elecc (8097U)
17 Julio 2018 - 1:00AM
UK Regulatory
TIDMBNC
RNS Number : 8097U
Banco Santander S.A.
16 July 2018
MATERIAL FACT
Banco Santander, S.A. ("Banco Santander" or the "Bank") informs
that it is envisaged to implement the "Santander Dividendo
Elección" scheme (the "SDE Scheme"), on the dates on which the
second interim dividend is traditionally paid (October / November).
Thus, subject to the prior resolution of the Executive Committee of
Banco Santander, 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 SDE Scheme is as follows(1)
:
-- 16 October 2018. Execution of the capital increase.
Communication of the number of rights needed to receive one share
and of the final price of the right-purchase commitment(2) . Such
price will be determined considering the stock price of the
Santander share on 9,10,11,12 and 15 October.
-- 17 October 2018 (23:59 hours CET). Reference date to
participate in the SDE Scheme (last trading date). Those
shareholders who have acquired their shares in the Bank until this
date (inclusive), and who appear as shareholders in the registries
of Iberclear at 23:59 hours CET on 19 October 2018, will be
entitled to participate in the SDE Scheme.
-- 18 October 2018. Commencement of the rights trading period.
Santander shares start trading ex-coupon (ex-date).
-- 29 October 2018. Last date to request remuneration in cash
(sale of rights to Grupo Santander).
-- 1 November 2018. End of the trading period of the rights.
Acquisition of rights by Grupo Santander from those shareholders
who have requested cash.
-- 5 November 2018. Payment of cash to shareholders who have so requested.
-- 14 November 2018. Commencement of the ordinary trading of the
new shares in the Spanish Stock Exchanges, subject to the granting
of the relevant authorizations(3) . Shareholders who have opted for
new shares have them delivered.
Subject to the aforementioned resolution of the executive
committee, it is deemed that 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 0.035 Euros
per right.
Boadilla del Monte (Madrid), July 16, 2018
(1) The term for the acceptance of the right-purchase commitment
and the envisaged payment date for those who request cash and the
date of delivery of shares 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
from time to time.
(2) The option to receive cash throughout the sale of rights to
Grupo Santander will only be available with regard to the rights
allotted to those who have acquired their shares in Banco Santander
until the relevant reference date (last trading date) (inclusive),
and who appear as shareholders in the registries of the Sociedad de
Gestión de los Sistemas de Registro, Compensación y Liquidación de
Valores, S.A.U. (Iberclear) at 23:59 hours CET on 19 October 2018.
This option will not be available with regard to rights acquired on
market.
(3) Estimated date. Admission to listing of the new shares in
the foreign stock exchanges where the Bank is listed from time to
time shall also be requested.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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