Scrip dividend schedule
July 05 2010 - 10:37AM
UK Regulatory
TIDMBNC
RNS Number : 8462O
Banco Santander S.A.
05 July 2010
MATERIAL FACT ANNOUNCEMENT
Banco Santander, S.A. informs of the envisaged schedule for the execution of the
free-of-charge capital increase approved on June 11, 2010 by Santander's
Ordinary Shareholders' Meeting under section seven A) of its agenda, which
capital increase serves as an instrument for the "Santander Dividendo Elección"
remuneration scheme, a scheme that, subject to the Bank's Executive Committee
prior resolution, shall offer shareholders the option to receive cash and/or new
shares on the usual payment date for the second interim dividend:
· 13 October. Communication of the number of rights needed to receive
one share and of the final price of the right-purchase commitment.
· 14 October (23:59 hours CET). Record date for the granting of rights.
· 15 October. Commencement of the rights trading period. Santander
shares start trading ex-coupon.
· 26 October. Last date to request remuneration in cash (sale of rights
to Grupo Santander).
· 29 October. End of the trading period of the rights. Acquisition of
rights by Grupo Santander from those shareholders who have requested cash.
· 3 November. Payment of cash to shareholders who have so requested.
· 8 November. Commencement of the ordinary trading of the new shares in
the Spanish Stock Exchanges. Shareholders who have opted for new shares have
them delivered.
Boadilla del Monte (Madrid), July 5, 2010
This information is provided by RNS
The company news service from the London Stock Exchange
END
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