Banco Santander Chile Announces Pricing of Its Secondary Offering
December 05 2006 - 8:21PM
PR Newswire (US)
SANTIAGO, Chile, Dec. 5 /PRNewswire-FirstCall/ -- Banco Santander
Chile (the "Bank") today announced the pricing of a secondary
offering of 11,404,498 of its American Depositary Shares (the
"ADSs"), each representing 1039 ordinary shares of the Bank, at US$
46 per ADS. The ADSs being offered represent 6.29% of the Bank's
total issued and outstanding share capital. The ADSs are being
offered by Grupo Empresarial Santander, S.L, an affiliate of Banco
Santander Central Hispano, S.A. ("Santander"). Grupo Empresarial
Santander, S.L. has granted the underwriter an option to purchase
up to an additional 1,710,674 ADSs to cover any over-allotments.
The Bank will not receive any proceeds from this offering. The ADSs
are listed on the New York Stock Exchange under the symbol "SAN."
After the closing of this transaction and assuming the
underwriter's over-allotment option is not exercised, Santander
will own 77.67% of the common stock of the Bank. Credit Suisse
Securities (USA) LLC is the sole manager of the offering. Copies of
the prospectus supplement and the accompanying prospectus relating
to this offering can be obtained from Credit Suisse Securities
(USA) LLC at Prospectus Department, One Madison Avenue, New York,
NY 10010 (toll free: 800- 221-1037 or 212-538-5441 or fax:
212-325-8057). A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy these securities, nor
shall there be any sale of these securities in any State in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
State. Safe harbor statement under the Private Securities
Litigation Reform Act of 1995: All forward-looking statements made
by Banco Santander Chile involve material risks and uncertainties
and are subject to change based on various important factors which
may be beyond the Bank's control. Accordingly, the Bank's future
performance and financial results may differ materially from those
expressed or implied in any such forward-looking statements. Such
factors include, but are not limited to, those described in the
Bank's filings with the Securities and Exchange Commission. The
Bank does not undertake to publicly update or revise the
forward-looking statements even if experience or future changes
make it clear that the projected results expressed or implied
therein will not be realized. DATASOURCE: Banco Santander Chile
CONTACT: Robert Moreno, Manager, Investor Relations Department of
Banco Santander Santiago, +1-562-320-8284, Fax: +1-562-671-6554,
Web site: http://www.santandersantiago.cl/
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