Glossary

O

  • Official Bulletin of the Commercial Registry
    Official journal in which all events, announcements and legal notices of commercial companies are published as required by law. The electronic issue of the Official Bulletin of the Commercial Registry is published on the website www.boe.es/diario_borme (Spanish version) with the same effects that are legally attributed to the printed edition thereof.
    Spanish: Boletín Oficial del Registro Mercantil
  • Optional dividend
    Remuneration system that allows shareholders to receive bonus shares of the company, with favourable tax treatment, without limiting their ability to receive the dividend in cash. IBERDROLA offers this option to its shareholders through the "Iberdrola Flexible Remuneration" optional dividend system.
    Spanish: Dividendo opcional
  • Ordinary share
    Security granting the same rights to all holders thereof, as is the case with the shares issued by IBERDROLA. Ordinary shares carry no preferential rights, as opposed to preferred shares.
    Spanish: Acción ordinaria
  • Other External Director
    A director who is not an executive director and who also does not fit the description of a proprietary or independent director.
    Spanish: Otro consejero externo
  • Own shares or treasury shares
    Shares of a company derivatively acquired by the company itself or through companies belonging to the same group.
    Spanish: Acciones propias o autocartera
  • Ownership of shares
    Title whereby the holder of the shares acquires the rights and becomes subject to the obligations inherent to such shares.
    Spanish: Titularidad de la acción
  • Ozone Layer
    Region of the stratosphere that absorbs 87% to 99% of high frequency ultraviolet radiation. It is weakened by the emission of chlorofluorocarbons present in industrial refrigerants and propellants and soil fungicides.
    Spanish: Capa de Ozono
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