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Iberdrola ends the 2011 term with a new free share purchase offer

Published on Nov. 28, 2011

 
Iberdrola ends the 2011 term with a new free share purchase offer

As part of it traditional “Iberdrola Dividendo flexible” program, Iberdrola will finish 2011 offering, as in other previous years, to its shareholder the opportunity to purchase free shares as final payment of the 2011 dividend, at a price of 0,143 € per share to purchase free allocation rights . The number of right submitted by Iberdrola will be calculated, based on the number of outstanding shares and the weighted average price of the group’s shares between 22 and 29 December. The purchased share will be charged with no extra cost and no withholding taxes.

This scheme of retribution establishes two other alternatives for the shareholders who do not wise to purchase new shares;

  • They have de option to sale their free allocation rights to Iberdrola for the granted price of 0,143 € per share to purchase free allocation rights. This option is subjected to withholding tax, and should be communicated to Iberdrola between 3 and 13 January 2012.
  • Sale their free allocation rights in the market. Shareholders choosing this option will not be subjected to withholding tax, but they will also not be entitled to the Guaranteed Fixed Price.

The purpose of the program is to achieve a capital increase with a maximum of €901 million destined to implement Iberdrola´s remuneration scheme.

Relevant companies

Iberdrola

IBERDROLA es el primer grupo energético español, una de las cinco mayores compañías eléctricas del mundo y líder mundial en energía eólica. Cuenta ...

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