Banco Santander (BNC) has decided to offer a Rights Issue with a basis of 1 new share for every 23 held.
The subscription price for this offer is 0.00, meaning that it will be free of cost. To participate in the rights issue, you must've held shares with Banco Santander before the 16th of November. Thus, only clients who've held shares at the end of business day 15th of November can participate.
Due to the nature of this event, no further actions are required from your side, hence the mentioned occurrence will be automatically completed. The date for allocation of the new shares will be after 12th of December.
N.B: Only if you held 23 shares you will receive 1 new share. No fractions are due.