IBERDROLA : Dividende intermédiaire + Ak de 900ME

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27 nov. 2012 •14:01

As part of the Company’s sixth scrip dividend scheme and coinciding with the interim dividend payment for 2012
For shareholders preferring payment in cash IBERDROLA will offer an acquisition price of approximately €0.140 per share to purchase free subscription rights
The company will carry out a capital increase with a maximum reference value of €919 million
The IBERDROLA Board of Directors meeting today approved the sixth edition of its scrip dividend Iberdrola Dividendo Flexible scheme, coinciding with coincides with the interim dividend payment for 2012.

This programme offers shareholders the opportunity to obtain new shares at no extra cost and with no withholding tax and. On 28 December, the company will announce the number of free subscription rights necessary to receive a new share in IBERDROLA.

The number will be calculated based on the number of outstanding shares, the final capital increase value and the weighted average price of the group’s shares traded on 19, 20, 21, 24 & 27 December.

However, shareholders can also choose a cash payment and IBERDROLA will offer an acquisition price of approximately €0.140 per share to purchase the free subscription rights.

Shareholders choosing this option, subject to withholding tax, should make their preference known between 3 and 14 January 2013 since the scrip dividend will be considered the option by default. In this case, payment of the free subscription rights will take place on 22 January 2013.

A third option available to shareholders is to sell their rights on the market. Shareholders choosing this option do not have to pay any withholding tax, but they are also not entitled to the Guaranteed Fixed Price. The company’s Board of Directors has approved a capital increase for a maximum reference value of €919 million to implement this scrip dividend scheme.

The schedule for this new edition of the programme is as follows:

28 December 2012: Disclosure of the number of free subscription rights required to receive one (1) share and the price at which IBERDROLA undertakes to purchase the rights.
2 January 2013: Publication of the notification of the second rights issue in the Mercantile Registry Bulletin (BORME) and record date for the free subscription rights.
3 January 2013: First day of trading of the new free subscription rights and start of period for requesting remuneration in cash by virtue of IBERDROLA’s purchase commitment.
14 January 2013: Deadline for requesting remuneration in cash.
17 January 2013: End of the trading period for new free subscription rights and acquisition of the same by IBERDROLA from shareholders who have opted to receive cash.
22 January 2013: Cash payment to shareholders who have chosen to sell their rights to IBERDROLA.
24 January 2013: Allocation of registration reference numbers to new shares.
25 January 2013: New shares start trading on the continuous market.