Banco Santander announces extraordinary shareholder meeting
SAN•Banco Santander will hold an online extraordinary shareholders' meeting on December 15, 2026, to vote on four non-cash capital increases for acquiring Santander Brasil securities. The increases could issue up to 166,300,202 shares, about 1.1% of existing share capital, with revised exchange ratios of 0.2130 shares for each common or preferred share and 0.4260 for each Unit or ADS.
1. Meeting and offer terms
Banco Santander will hold an extraordinary shareholders' meeting exclusively online on December 15, 2026, on second call. Shareholders will vote separately on four non-cash capital increases to acquire Santander Brasil securities not already held by the group. The proposed increases could issue up to 166,300,202 shares before exchange-ratio adjustments, approximately 1.1% of existing share capital. Under the revised offer, each Santander Brasil common or preferred share would be exchanged for 0.2130 new shares, and each Unit or ADS for 0.4260.
