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"We have not yet this date because it depends on how the process of selling the shares and obtaining the necessary permits" for the withdrawal of the stock exchanges of Argentina, Brazil, Lisbon and Italy,
The same source sent more information to the statement today sent to the market, which states that "due to exclusion and in order to protect in a manner Adequate interests of Banco Santander shareholders in the target markets, "the institution" will offer these shareholders the option to sell their shares on Spanish stock exchanges. "
This process will be "for a period of not less than one month and not more than three months, depending on the jurisdiction in question, without intermediation or brokerage fees, and at the transfer price at the time of the sale ", adds the communication made by Santander to the Port Uggal market.
" It is estimated that the sale facility will be implemented in the target markets on the corresponding dates between August and January 2019, subject to the 39, obtaining the necessary authorizations, "also notes this information, which states that the details of the sale"
The board of directors of the Spanish group Santander has decided to request "voluntary exclusion" of its shares of four markets, including Euronext
In addition, it has decided to seek voluntary exclusion of shares of the price index and quotations available in Mexico for the shares of foreign companies.
The group explained that this decision was adopted as part of a "process of rationalization" of the markets where the shares of the Bank have a secondary listing and in particular given the reduced volume of trading. Banco Santander shares in these markets.
As the corresponding authorizations are obtained by the supervisory authorities of each of the target markets, Banco Santander will communicate each of these markets the effective date of the exclusion and the relevant details on the transfer of the shares listed on the stock exchanges affected. by the Spanish registration system (Iberclear).
According to the bank, the shares of Banco Santander will continue to be the stock markets of Madrid, Barcelona, Bilbao and Valencia through the Spanish interconnection system (Continuous Market) in New York (where they are admitted to negotiation as ADR), in London (where they are CDIs) and in Warsaw
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