Result of tender offer - Metrovacesa. S.A.

RNS Number : 5262L

Banco Santander S.A.

01 August 2011

 

MATERIAL FACT

Following on from the material facts dated 6 July 2011, numbered 147030 and 147033, Banco Santander, S.A. hereby announces that, following the execution of the capital increase of Metrovacesa, S.A. as approved by the shareholders at the Annual General Meeting held on 28 June 2011, Banco Santander, S.A. and the individuals and legal entities whose voting rights are attributed to the Bank pursuant to the assumptions provided in article 5 of Royal Decree 1066/2007, of 27 July, governing the legal framework for public take-over bids of securities (Real Decreto 1066/2007, de 27 de julio, sobre el régimen de las ofertas públicas de adquisición de valores) have become the holders of a total of 344,530,740 shares in Metrovacesa, S.A., representing 34.88% of the referred company's share capital (excluding the treasury shares held by it which, according to the information provided by Metrovacesa, S.A., amounted to 401,769 as at 29 July 2011), in accordance with the following breakdown:

Entity	Number of shares	Shareholding (excluding treasury shares)
Banco Santander, S.A.	223,316,141	22.608%
Banco Español de Crédito, S.A.	121,213,231	12.272%
Other persons and  entities	1,368	0.000%
TOTAL	344,530,740	34.880%

In connection with the capital increase, at the request of Banco Santander, S.A., on 6 July 2011 the Spanish National Securities Exchange Commission (Comisión Nacional del Mercado de Valores) exempted the Bank from the obligation of launching a take-over bid for all shares in Metrovacesa, S.A. with voting rights in the event that, as a result of the capitalisation of credits in the capital increase, Banco Santander, S.A. obtained a shareholding equal to or greater than 30% of the voting rights of Metrovacesa, S.A.

Boadilla del Monte (Madrid), 1 August 2011

 

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