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Due to the limited trading volume of its papers, the Spanish group Banco Santander will request the voluntary exclusion of its shares from Argentina, Brazil, Italy and Lisbon Euronext . , has requested the exclusion of the shares of Santander listed under the symbol SAN in the index of prices and quotations of the Mexican Stock Exchange (BMV) and its reincorporation into the international listing system Mexican for the shares of Foreign companies
According to the Spanish National Securities Market Commission of Santander (CNMV), "these decisions are made as part of a process the rationalization of markets where the shares of the bank have a secondary contribution and, in particular, given the low trading volume of the stock on these two markets . "[19659004] Of the more than 16,136 million shares (16,135,153,582) in which the share capital of Santander is divided, as of June 29, only 50,644,745 shares were registered in these markets, which re presents only 0.314% of the share capital .
Santander explained that, in order to "adequately protect" the interests of shareholders, will offer them the option of selling their papers for a period of one to three months on the stock exchanges Spanish Madrid, Barcelona, Bilbao and Valencia through the Spanish system of interconnection of the stock markets (continuous market).
This will be done ] without the costs of intermediation and brokerage and at the price indicated at the time of sale . It is estimated that this facility will be implemented in these markets between August and January, subject to obtaining the relevant authorizations.
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