REG - Banco Santander S.A. - Maturity Valores Santander

Fri Sep 28, 2012 1:03pm EDT

* Reuters is not responsible for the content in this press release.

RNS Number : 5258N
Banco Santander S.A.
28 September 2012
 

 

 

 

 

 

MATERIAL FACT

 

 

 

With regard to the currently outstanding "Valores Santander", for which a prospectus was registered with the Spanish Comisión Nacional del Mercado de Valores on September 19, 2007 and according to the provisions set forth therein, Banco Santander hereby reminds that 4 October 2012 is the mandatory conversion date for of all the "Valores Santander" outstanding. Thus, the last trading day of the "Valores Santander" shall be 3 October 2012.

 

The number of "Valores Santander" originally issued was 1,400,000. Out of those, 880,700 were converted (in October 2009, 2010 and 2011 and in June, July, August and September 2012). Thus, the number of "Valores Santander" outstanding which will be mandatorily converted on 4 October is 519,300, which represent 37.1% of those initially issued.

 

The price of each Banco Santander share for conversion purposes is 12.96 euros, as announced through the material fact announcement dated July 30, 2012. Therefore, the conversion ratio applicable to the "Valores Santander" is 385.802469135802 Banco Santander shares for each "Valor Santander", which is the result of dividing the face value of each "Valor Santander" (5,000 euros) by the aforementioned price (12.96 euros).

 

After the mandatory conversion date, Banco Santander will take the necessary actions for the issue and admission to listing of the new shares on the Spanish Stock Exchanges, as well as on all other stock exchanges on which Banco Santander is listed.

 

It is envisaged that these new shares will carry the right to participate in the "Santander Dividendo Elección" program (scrip dividend scheme) to be applied to the second 2012 interim dividend as announced on September 10, 2012.

 

 

Boadilla del Monte (Madrid), 28 September, 2012


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBRGDCBGDBGDI
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.