In connection with the optional dividend system "Viscofan Retribución Flexible" for the 2024 fiscal year approved today by the Company's General Shareholders' Meeting, the Board of Directors of the Company approved at its meeting held today, after the aforementioned General Shareholders' Meeting, the estimated calendar for the first edition of the aforementioned system.
In accordance with the resolutions adopted by the General Shareholders' Meeting, the shareholders of the Company may choose between the following options: (i) receive their remuneration through the delivery of new fully paid-up shares, (ii) transfer all or part of their free allocation rights (derechos de asignación gratuita) in the market, or (iii) receive their remuneration in cash (the "Supplementary Dividend" and the "Flexible Remuneration Options"). The shareholders of the Company may combine any of the aforementioned alternatives with respect to the different groups of shares held by each shareholder.
The estimated calendar for the first execution of the optional dividend system "Viscofan Retribución Flexible" corresponding to the fiscal year 2024 will be as follows:
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14 May 2024 |
Publication of the Information Memorandum. |
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22 May 2024 |
Notice regarding the number of free allocation rights (derechos de asignación gratuita) required to receive one share and the gross amount of Supplementary Dividend per share. For the determination of these items, the formula approved by the Company's General Shareholders' Meeting will be applied, which will take into consideration the arithmetic average of the weighted average trading prices of the Company's shares on the Madrid, Barcelona and Bilbao Stock Exchanges in the five trading sessions corresponding to May 15, 16, 17, 20 and 21, 2024. |
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27 May 2024 |
Publication of the announcement of the execution of the capital increase in the Official Gazette of the Commercial Registry. Last day on which the Company's shares will be traded with the right to participate in the optional dividend system "Viscofan Retribución Flexible", that is, with the right to opt for any of the Flexible Remuneration Options offered by this system (including the Supplementary Dividend) (last trading date). |
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28 May 2024 |
Reference date (ex date) from which -including such date- the Company's shares will be traded without the right to participate in the optional dividend system "Viscofan Retribución Flexible". Commencement of the common election period and trading period of the free allocation rights (derechos de asignación gratuita). |
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11 June 2024 |
End of the common election period and trading period for free allocation rights (derechos de asignación gratuita). |
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24 June 2024 |
Payment of the Supplementary Dividend to those who have elected to receive cash through this Flexible Remuneration Option. Registration of the new shares to be issued as a result of the capital increase in IBERCLEAR's book-entry records. |
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26 June 2024 |
Expected date for the commencement of trading of the new shares to be issued as a result of the capital increase. |
Notice is also given that the Board of Directors has today adopted the resolutions necessary for the execution, in accordance with the communicated calendar, of the payment of the supplementary dividend and the first share capital increase and, for such purposes and in accordance with the provisions of Article 1.5(g) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and repealing Directive 2003/71/EC, has approved the corresponding information memorandum relating to the first execution of the optional dividend system "Viscofan Retribución Flexible" corresponding to the fiscal year 2024 (the "Information Memorandum"). The Information Memorandum will be communicated as "Other Relevant Information" on 14 May 2024 prior to the launching of the execution process of the referred system.
Finally, the Board of Directors has also adopted the necessary resolution to carry out, pursuant to the resolution adopted today by the General Shareholders' Meeting under item eight on the agenda, a share capital decrease for a nominal amount equal to the nominal amount for which the first share capital increase in the context of the Flexible Remuneration Options is effectively executed.
