Information on Banco Santander Mexico
MATERIAL FACT
Banco Santander, S.A. informs that its subsidiary Banco Santander (México), S.A. Institución de Banca Múltiple, Grupo Financiero Santander México ("Banco Santander (México)") has announced its intention to: (i) distribute a dividend in cash in an amount ranging between USD 1,000 and USD 1,300 million; and (ii) authorize the issue of subordinated notes which shall meet the capital requirements under Basel III for Tier 2 capital, in an approximate amount of USD 1,000 million, subject to market conditions. In turn, Grupo Financiero Santander México, S.A.B. de C.V., holder of 99.99% of the share capital of Banco Santander (México), has called a shareholders meeting to resolve the distribution of a dividend to its shareholders in an amount approximately equivalent to the one to be received from Banco Santander (México).
Banco Santander, S.A. intends to purchase approximately 75% of the new instruments issued by Banco Santander (México), as well as those not purchased by third parties.
The referred transactions will result in the optimization of Banco Santander (México)'s regulatory capital composition, by reducing its cost and increasing the return over equity. Banco Santander (México) will have, following the implementation of the aforementioned transactions in the amounts described above, a Tier 1 capital ratio of, at least, 12%, and a Tier 2 capital ratio of, approximately, 2.5%.
The transactions are subject to the applicable regulatory clearances and corporate approvals.
A copy of the material fact made public by Grupo Financiero Santander México, S.A.B. de C.V., together with a translation thereof to English, are attached hereto.
http://www.rns-pdf.londonstockexchange.com/rns/2354U_-2013-11-28.pdf
Boadilla del Monte (Madrid), 28 November 2013
__________________________
This material fact does not constitute an offer to sell, or the solicitation of an offer to buy any securities, nor shall there be any sale of such securities in any state of the United States or in another jurisdiction in which such offer, solicitation or sale would not be permitted before registration or qualification under the securities laws of such state or jurisdiction. The securities described above have not been registered under the Securities Act, or any applicable securities laws of any other jurisdiction. Unless so registered, such securities may not be offered or sold in the United States or any other jurisdiction except pursuant to an exemption from the registration requirements of the Securities Act and any applicable securities laws of such other jurisdiction.
This information is provided by RNS
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