Glossary

L

  • LNG
    Initials of Liquefied Natural Gas, processed as such to be transported in the liquid form. IBERDROLA manages LNG loads throughout the year, transporting them in methane carriers from countries such as Nigeria, Algeria, Egypt, Qatar, Libya and Norway to regasification plants at Bilbao, Barcelona, Huelva and Sagunto, as well as others abroad.
    Spanish: GNL
  • Lead independent director
    Independent director authorised to do the following in the event that the chairman of the Board of Directors performs executive duties: a) request the chairman of the Board of Directors to call a meeting of the Board when he deems it appropriate; b) request the inclusion of matters on the agenda for the meetings of the Board of Directors as provided by article 28 of the Regulations of the Board of Directors; c) coordinate and express the opinions of the external directors, and d) lead the evaluation of the chairman of the Board of Directors.
    Spanish: Consejero independiente especialmente facultado
  • Legitimate holder of the shares
    Person in whose name ownership of the shares of IBERDROLA, S.A. is recorded and is therefore granted shareholder status as well as vested with the rights and subject to the duties established by law and in the Corporate Governance System.
    Spanish: Titular legítimo de las acciones
  • Liberalised activities
    Activities carried out by energy and gas companies that are not subject to regulation, such as the production and sale of gas and electricity in Spain.
    Spanish: Actividades liberalizadas
  • Liberalised company
    A company carrying out deregulated activities. See "Liberalised activities".
    Spanish: Sociedad liberalizada
  • Listed corporation
    A corporation whose shares are admitted to trading on an official secondary market. IBERDROLA, S.A. is a listed corporation.
    Spanish: Sociedad anónima cotizada
  • Loan
    Transaction in the shares of IBERDROLA, S.A. whereby the holder becomes the lender and makes a temporary transfer of the securities thereof to the borrower, who must return them to the lender at the agreed time. The transfer of the shares entails the transfer of all rights and obligations inherent thereto.
    Spanish: Préstamo
  • London Benchmarking Group (LBG)
    Methodology allowing companies' community actions to be structured, quantified and their impact measured, as much for businesses as for society. IBERDROLA took part in the constitution of the LBG Spain Group in 2007, along with eight other Spanish companies.
    Spanish: London Benchmarking Group (LBG)
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