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Banco Santander SA Announces Further Details On Dividendo Eleccion Dividend Program


Friday, 2 Nov 2012 01:05pm EDT 

Banco Santander SA announced in relation to the previous announcement from October 15, 2012 that the trading period for the free allotment rights corresponding to the free-of-charge capital increase by means of which the Santander Dividendo Eleccion program is carried out ended on October 31, 2012. The holders of 83.57% of the free allotment rights have chosen to receive new shares. The definitive number of ordinary shares of EUR 0.5 of face value issued in the free-of-charge capital increase is 222,107,497, corresponding to 2.20% of the share capital, and the amount of the capital increase is EUR 111,053,748.50. The value of the remuneration corresponding to the holders of free allotment rights who have requested new shares amounts to EUR 1,266,012,732.90. The shareholders holding the remaining 16.43% of the free allotment rights have accepted the irrevocable undertaking to acquire free allotment rights assumed by the Bank. Consequently, the Bank has acquired 1,658,987,342 rights for a total gross consideration of EUR 248,848,101.30. The relevant authorizations for the admission to listing of the new shares in the Spanish Stock Exchanges will be granted on November 8, 2012 and ordinary trading of the shares in Spain will commence on November 9, 2012. The authorization for the admission to listing of the shares will also be requested on all other stock exchanges on which the Bank is listed. 

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