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The share capital amounts to €149,641,707, fully subscribed and paid up. It is formed by 149,641,707 shares, of 1 euro par value each, represented through book-entry securities.
The shares are admitted to trading on the stock exchanges of Barcelona, Madrid and Bilbao, and are traded by means of the Stock Exchange Interconnection System (Continuous Market).
The evolution of the share capital of the current year and of the last closed years is the following:
Capital at 31/12/03 Decrease July 04 Increase December 04 Increase November 05 Increase November 06 Decrease September 07 Capital at 31/12/04 On May 19, March 7, 2006, December 1, August 31, June 1 and March 5, 2005, and December 2, September 2 and June 9, 2004 the public deeds for the conversion of a total of 1,500,375 type B redeemable shares into 1,500,375 type A ordinary shares were granted, in the context of the May 2001 Options plan.
On August 29, 2007 the public deed was granted for the reduction of share capital agreed on by the General Meeting of Shareholders of June 29, 2007 concerning the reduction in share capital by the sum of 323,981 euros, for the redemption of 323,981 shares, with a face value of one euro, in the Company's own portfolio, on being surplus to the coverage of the May 2001 Options Plan which has already finished. This deed was registered with the Companies Registry on September 5, 2007.
The Board of Directors, in its session of September 29, 2006, made use of the power conferred by the General Shareholders’ Meeting held on May 30, 2003 to pass a resolution to increase the share capital by the maximum amount of €1,481,653, through the issue and distribution of 1,481,653 shares of €1 par value each, represented by book entries. Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores (Iberclear) has been the institution designed to manage the accounting records. The new shares issued will share in the company results from January 1, 2007.
The preemptive subscription period went from October 31 to November 14, 2006 inclusive. Upon expiration of the said period, 1,476,477 shares were fully subscribed and paid up. The public deed for the execution of the capital increase was granted on November 20, 2006, and is already entered in the registers.
The Board of Directors, in its session of September 29, 2005, made use of the power conferred by the General Shareholders’ Meeting held on May 30, 2003 to pass a resolution to increase the share capital by the maximum amount of €1,470,205, through the issue of 1,470,205 type A ordinary shares of €1 par value each, represented by book entries. Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores (Iberclear) has been the institution designed to manage the accounting records. The new shares issued will share in the company results from January 1, 2006.
The preemptive subscription period went from November 7 to November 21 inclusive. Upon expiration of the said period, 1,468,732 shares were fully subscribed and paid up. The public deed for the execution of the capital increase was granted on November 25, 2005, and is already entered in the registers.
In a meeting held on September 28, 2004, the Board of Directors made use of the power conferred by the General Shareholders’ Meeting held on May 30, 2003 to pass a resolution to increase capital by the maximum amount of €1,455,662, through the issue of 1,455,662 type A ordinary shares of €1 par value each, represented by book entries. Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores (Iberclear) will be the institution in charge of the accounting records. The new shares issued will share in the company results from January 1, 2005.
The preemptive subscription period went from November 30, 2004 to December 14, 2004 inclusive. Upon expiration of the said period, 1,454,332 shares were fully subscribed and paid up. This is recorded in the public deed issued on December 20, 2004, already entered in the Mercantile Register.
On July 5, 2004 the public deed for the reduction of share capital was granted. According to this deed, the resolutions adopted by the Ordinary General Shareholders’ Meeting of the company held on May 21, 2004 for reduction of share capital in €300,000 were executed, through the amortisation of 300,000 type B redeemable shares. The said deed was entered in the Mercantile Register on July 8, 2004.
