Tender Offer for Santander BanCorp shares

 

TIDMBNC 
 
RNS Number : 1949O 
Banco Santander S.A. 
24 June 2010 
 
                           MATERIAL FACT ANNOUNCEMENT 
Further to the Material Fact Announcement number 117629, published on December 
14, 2009, Banco Santander S.A. ("Banco Santander") announces that it has filed 
today with the Securities and Exchange Commission (SEC) a Tender Offer Statement 
and Schedule 13e-3 Transaction Statement and other materials relating to the 
cash tender offer (the "Offer") commenced through its wholly-owned subsidiary, 
Administración de Bancos Latinoamericanos Santander, S.L. ("ABLASA"), for all 
outstanding shares (the "Shares") of common stock of Santander BanCorp not owned 
by ABLASA (9.4% of the share capital of Santander BanCorp approximately) at 
US$12.69 per share. 
The Offer starts today and is scheduled to expire at 12:00 midnight, New York 
City time, on July 22, 2010, unless extended. 
Following the consummation of the Offer, Banco Santander intends to consummate 
in Puerto Rico a short-form merger (the "Merger") with Santander BanCorp in 
which any holders whose shares were not purchased in the Offer will receive the 
same price per share as was paid in the Offer. 
Banco Santander will take the necessary steps to terminate the listing of the 
Shares on the New York Stock Exchange and Latibex after the completion of the 
Merger. 
Shareholders who have their shareholding through Latibex will receive soon 
information on the mechanisms to sell their shares in the Offer. 
The total consideration payable by Banco Santander in the Offer and the Merger 
is approximately US$55.8 million. 
 
                                      Boadilla del Monte (Madrid), June 24, 2010 
 
 
 
________________________ 
This announcement is neither an offer to purchase nor a solicitation of an offer 
to sell Santander BanCorp common stock. The solicitation and offer to buy 
Santander BanCorp's common stock is being made pursuant to a tender offer 
statement on Schedule TO (including the offer to purchase and related 
materials). 
The Offer is not being made in the United Kingdom. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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