Banco Santander, S.A. has issued 329,846,438 new ordinary shares of EUR 0.50 each following the completion of its acquisition of Webster Financial Corporation, announced on 20 August 2026. The Spanish banking giant has applied to the London Stock Exchange for admission of these shares to its Main Market, with trading expected to begin at or before 8:00 a.m. on 26 August 2026. This disclosure also updates Banco Santander’s total voting rights figure, which shareholders must use as the denominator when calculating disclosure obligations under FCA transparency rules.

Key Points

Banco Santander, S.A. (BNC) — one of Europe’s largest banks by market capitalization
329,846,438 new ordinary shares of EUR 0.50 each issued on 20 August 2026, linked to Webster Financial Corporation acquisition
LSE Main Market admission expected at or before 8:00 a.m. on 26 August 2026; total voting rights now 14,500,524,177
Investors should monitor how the increased share count impacts institutional disclosure thresholds and the integration progress of Webster Financial

Shareholder-Approved Capital Increase Funds Webster Financial Acquisition

The 329,846,438 new ordinary shares were issued following a capital increase approved by Banco Santander’s shareholders at a general meeting on 27 March 2026. This issuance corresponds directly to the completion of Banco Santander’s acquisition of US-based Webster Financial Corporation, finalized on 20 August 2026. Each share has a nominal value of EUR 0.50, consistent with Banco Santander’s existing ordinary share structure. This transaction significantly expands the bank’s issued share capital as it strengthens its presence in the North American financial services sector.

Banco Santander Applies for LSE Main Market Admission of New Shares by 26 August 2026

Banco Santander has formally requested admission of the new shares to trading on the London Stock Exchange’s Main Market under the Equity Shares (International Commercial Companies Secondary Listing) category. Admission is expected to be effective at or before 8:00 a.m. London time on 26 August 2026. This secondary listing complements Banco Santander’s primary listing in Spain and ensures London-based investors maintain access to the bank’s enlarged ordinary share capital.

Total Issued Share Capital Reaches Over 15 Billion Shares; Voting Rights Updated

Following the share issuance, Banco Santander’s total issued share capital now stands at 15,019,165,940 ordinary shares of EUR 0.50 each, each carrying one vote. Of these, 518,641,763 shares are held in treasury and do not carry voting rights. Consequently, the total voting rights amount to 14,500,524,177. Under FCA Disclosure Guidance and Transparency Rule 5.6.1A R, this figure serves as the official denominator for shareholders to determine if they must notify changes in their interest under the FCA’s transparency regime.