Banco Santander S.A. Dividend Declaration (9072A)
27 Settembre 2022 - 7:19PM
UK Regulatory
TIDMBNC
RNS Number : 9072A
Banco Santander S.A.
27 September 2022
Banco Santander, S.A. ("Banco Santander" or the "Bank"), in
compliance with the Securities Market legislation, hereby communicates
the following:
inside information
In application of the Bank's current shareholder remuneration
policy, consisting of a total shareholder remuneration target
of c. 40% of the Group's underlying profit, split approximately
in equal parts in cash dividend payments and share buybacks,
the board of directors today approved the payment of an interim
cash dividend against 2022 results of 5.83 euro cents per share,
equivalent to c. 20 % of the Group's underlying profit in the
first half of 2022.
* The interim dividend will be paid from 2 November
2022; and
* The last day to trade shares with a right to receive
the interim dividend will be 28 October 2022, the
ex-dividend date will be 31 October 2022 and the
record date will be 1 November, 2022.
In addition, also in application of such policy, the board
has agreed to implement a share repurchase programme for an
amount equivalent to c. 20% of the Group's underlying profit
in the first half of 2022 (i.e. a programme of approximately
979 million euros), which is expected to start once the applicable
regulatory approval has been obtained. A further announcement
setting out additional information on the terms of the share
repurchase programme will be made before it commences.
The implementation of the remainder of the shareholder remuneration
policy for 2022 is subject to the appropriate corporate and
regulatory approvals.
Boadilla del Monte (Madrid), 27 September 2022
IMPORTANT INFORMATION
Non-IFRS and alternative performance measures
This document contains, in addition to the financial information
prepared in accordance with International Financial Reporting
Standards ("IFRS") and derived from our financial statements,
alternative performance measures ("APMs") as defined in the
Guidelines on Alternative Performance Measures issued by the
European Securities and Markets Authority (ESMA) on 5 October
2015 (ESMA/2015/1415en) and other non-IFRS measures ("Non-IFRS
Measures"). These financial measures that qualify as APMs and
non-IFRS measures have been calculated with information from
Santander Group; however those financial measures are not defined
or detailed in the applicable financial reporting framework
nor have been audited or reviewed by our auditors. We use these
APMs and non-IFRS measures when planning, monitoring and evaluating
our performance. We consider these APMs and non-IFRS measures
to be useful metrics for our management and investors to compare
operating performance between accounting periods, as these
measures exclude items outside the ordinary course performance
of our business, which are grouped in the "management adjustment"
line and are further detailed in Section 3.2. of the Economic
and Financial Review in our Directors' Report included in our
Annual Report on Form 20-F for the year ended 31 December 2021.
Nonetheless, these APMs and non-IFRS measures should be considered
supplemental information to, and are not meant to substitute
IFRS measures. Furthermore, companies in our industry and others
may calculate or use APMs and non-IFRS measures differently,
thus making them less useful for comparison purposes. For further
details on APMs and Non-IFRS Measures, including their definition
or a reconciliation between any applicable management indicators
and the financial data presented in the consolidated financial
statements prepared under IFRS, please see the 2021 Annual
Report on Form 20-F filed with the U.S. Securities and Exchange
Commission (SEC) on 1 March 2022, updated by Form 6-K filed
with the SEC on 8 April 2022 to incorporate the new organizational
and management structure, as well as the section "Alternative
performance measures" of the annex to the Banco Santander Q2
2022 Financial Report, published as Inside Information on 28
July 2022. These documents are available on Santander's website
(www.santander.com). Underlying measures, which are included
in this document, are non-IFRS measures.
The businesses included in each of our geographic segments
and the accounting principles under which their results are
presented here may differ from the included businesses and
local applicable accounting principles of our public subsidiaries
in such geographies. Accordingly, the results of operations
and trends shown for our geographic segments may differ materially
from those of such subsidiaries
Forward-looking statements
Banco Santander advises that this document contains "forward-looking
statements" as per the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. These statements may be identified
by words like "expect", "project", "anticipate", "should",
"intend", "probability", "risk", "VaR", "RoRAC", "RoRWA", "TNAV",
"target", "goal", "objective", "estimate", "future" and similar
expressions. Found throughout this document, they include (but
are not limited to) statements on our future business development,
economic performance and shareholder remuneration policy. However,
a number of risks, uncertainties and other important factors
may cause actual developments and results to differ materially
from our expectations. The following important factors, among
others, could affect our future results and could cause materially
different outcomes from those anticipated in forward-looking
statements: (1) general economic or industry conditions of
areas where we have significant operations or investments (such
as a worse economic environment; higher volatility in the capital
markets; inflation or deflation; changes in demographics, consumer
spending, investment or saving habits; and the effects of the
COVID-19 pandemic in the global economy); (2) exposure to various
market risks (particularly interest rate risk, foreign exchange
rate risk, equity price risk and risks associated with the
replacement of benchmark indices); (3) potential losses from
early repayments on our loan and investment portfolio, declines
in value of collateral securing our loan portfolio, and counterparty
risk; (4) political stability in Spain, the United Kingdom,
other European countries, Latin America and the US; (5) changes
in legislation, regulations or taxes, including regulatory
capital and liquidity requirements, especially in view of the
UK exit from the European Union and increased regulation in
response to financial crisis; (6) our ability to integrate
successfully our acquisitions and related challenges that result
from the inherent diversion of management's focus and resources
from other strategic opportunities and operational matters;
and (7) changes in our access to liquidity and funding on acceptable
terms, in particular if resulting from credit spreads shifts
or downgrade in credit ratings for the entire group or significant
subsidiaries.
Numerous factors could affect our future results and could
cause those results deviating from those anticipated in the
forward-looking statements. Other unknown or unpredictable
factors could cause actual results to differ materially from
those in the forward-looking statements.
Forward-looking statements speak only as of the date of this
document and are informed by the knowledge, information and
views available on such date. Santander is not required to
update or revise any forward-looking statements, regardless
of new information, future events or otherwise.
No offer
The information contained in this document is subject to, and
must be read in conjunction with, all other publicly available
information, including, where relevant any fuller disclosure
document published by Santander. Any person at any time acquiring
securities must do so only on the basis of such person's own
judgment as to the merits or the suitability of the securities
for its purpose and only on such information as is contained
in such public information having taken all such professional
or other advice as it considers necessary or appropriate in
the circumstances and not in reliance on the information contained
in this document. No investment activity should be undertaken
on the basis of the information contained in this document.
In making this document available Santander gives no advice
and makes no recommendation to buy, sell or otherwise deal
in shares in Santander or in any other securities or investments
whatsoever.
Neither this document nor any of the information contained
therein constitutes an offer to sell or the solicitation of
an offer to buy any securities. No offering of securities shall
be made in the United States except pursuant to registration
under the U.S. Securities Act of 1933, as amended, or an exemption
therefrom. Nothing contained in this document is intended to
constitute an invitation or inducement to engage in investment
activity for the purposes of the prohibition on financial promotion
in the U.K. Financial Services and Markets Act 2000.
Historical performance is not indicative of future results
Statements about historical performance or accretion must not
be construed to indicate that future performance, share price
or future earnings (including earnings per share) in any future
period will necessarily match or exceed those of any prior
period. Nothing in this document should be taken as a profit
forecast.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DIVLRMRTMTBTBRT
(END) Dow Jones Newswires
September 27, 2022 13:19 ET (17:19 GMT)
Grafico Azioni Banco Santander (LSE:BNC)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Banco Santander (LSE:BNC)
Storico
Da Apr 2023 a Apr 2024