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Provider: Stock Traders Daily
Provider: Stock Traders Daily
Provider: Wright Reports
Provider: MacroRisk Analytics/EconomicInvestor

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Banco Santander SA Announces Further Details On Share Capital Increase To Implement Script Dividend

Tuesday, 30 Jul 2013 12:00pm EDT 

Banco Santander SA announced in relation with the press release from July 11, 2013 that the trading period for the free allotment rights of the free-of-charge capital increase by means of which the “Santander Dividendo Eleccion” program is carried out ended on July 29, 2013. The holders of 86.25% 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 282,509,392, corresponding to 2.61% of the share capital, and the amount of the capital increase is EUR 141,254,696. After the capital increase, the share capital amounts to EUR 5,546,054,986.50 represented by 11,092,109,973 ordinary shares of EUR 0.5 of face value each. The value of the remuneration corresponding to the holders of free allotment rights who have requested new shares amounts to EUR 1,398,421,490.40. The shareholders holding the remaining 13.75% of the free allotment rights have accepted the irrevocable undertaking to acquire free allotment rights assumed by the Bankr. Consequently, the Bank has acquired 1,486,790,591 rights for a total gross consideration of 223,018,588.65 Euros. Banco Santander has waived the free allotment rights so acquired. It is envisaged that the relevant authorizations for the admission to listing of the new shares in the Spanish Stock Exchanges will be granted on August 8, 2013, so that ordinary trading of such shares in Spain will commence on August 9, 2013. 

Company Quote

29 Jan 2015