Holders of 69% of Repsol shares opt to be paid dividend in shares

Press Release 11/01/2013 00:00
  • Repsol leads the ranking in the ‘Oil & Gas Producers’ sector for the second consecutive year and is the only company in the sector to be named a Gold Class company.
  • Repsol has been acknowledged for its ability to sustain long-term value creation and access to responsible and sustainable next-generation energy resources.
  • The company has been awarded top marks for transparency, risk and crisis management, cleaner fuels, climate strategy, environmental management policy system, human capital development and its social impact on communities.
  • The “Sustainability Yearbook” analyses the sustainability performance of 58 industrial sectors and more than 3,000 companies across the world. Only 67 companies of the evaluated total have received the “Gold Class” rating.
  • Repsol is included in some of the most renowned global sustainability indexes, such as the Dow Jones Sustainability Index World (DJSI World) and the Dow Jones Sustainability Index Europe (DJSI Europe). 

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A total 69.01% of Repsol shareholders opted to be paid the interim dividend from 2012 earnings in shares. This remuneration system allows shareholders to choose between newly-issued shares or a cash dividend through the sale to the company of free allocation rights at a guaranteed price.

These results reflect shareholder’s interest in the company’s flexible dividend proposal and their positive expectations for the shares. This confirms the tendency started in July of last year, when 63.64% of the shareholding chose to receive shares for the final dividend from 2011 earnings. 

To satisfy this demand, Repsol has issued 26,269,701 shares with a nominal value of one euro, representing a 2.09% capital increase. The capital increase was closed on January 11, 2013.