"Iberdrola Retribución Flexible" frequently asked questions
Through this system, the Company intends to offer its shareholders the ability to decide whether they prefer to receive all or a portion of their remuneration under the system in cash, through the payment of the cash dividend or the transfer of the corresponding free allocation rights in the market, or in new paid-up shares of Iberdrola, S.A.
If you want to receive your remuneration in cash, you must inform your bank, considering the deadlines, that you wish to waive your rights and receive the Interim Dividend.
Alternatively, if you want to sell your shares in the market you also must inform your bank of your election.
If you want to receive newly issued shares of Iberdrola, S.A. you must keep your free allocation rights until the end of the rights trading period. If you wish, you can communicate your election to your bank although it is not necessary as this is the default option.
Yes, you can mix and match the different options according to your needs. For that, you must inform your bank of the options elected within the Common Election Period.
You should keep in mind that the election of one of each alternative excludes the right to choose any of the remaining options in respect of the free allocation rights to which this option is executed.
In this case, the default option will be applied and you will receive newly issued shares of Iberdrola, S.A. based on the amount of free allocation rights you have and the number of rights needed to get a new share that is established.
You will receive one free allocation right for each share of Iberdrola, S.A. you own as of the record date in the context of the capital increase.
The number of rights needed to get a new Iberdrola share will be calculated based on the listed price of the shares on 28 and 29 December 2023, and 2, 3 and 4 January 2024. This number will be announced by the Company on 5 January 2024.
Yes, you can buy free allocation rights in the market in order to receive more newly issued shares of Iberdrola, S.A.
In that case your bank will send these rights in the market and will pay you the amount resulting from that sale.
If you elect to sell your rights in the market, you will receive the cash amount resulting from that sale, that will depend on the trading value of the rights in the time of the sale, whilst if you elect to receive the Interim Dividend you will collect, at least, 0.200 net euros. The final amount of the Interim Dividend will be announced by the Company on 5 January 2024.