"IBERDROLA RETRIBUCIÓN FLEXIBLE" FREQUENTLY ASKED QUESTIONS
Through this system, Iberdrola 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 Supplementary Dividend or the transfer of the corresponding free allocation rights in the market) or in new paid-up shares of the Company; and
- Allow those shareholders who so desire to benefit from the favourable tax treatment applicable to paid-up shares, without in any way limiting their ability to receive the amount of the remuneration to which they are entitled in cash.
If you want to receive your remuneration in cash, you have to inform your bank, taking into account the deadlines, that you wish to waive your rights and receive the Supplementary Dividend.
Alternatively, if you want to sell your shares in the market you also have to inform your bank of your election.
If you want to receive newly issued Iberdrola shares you have to keep your free allocation rigts 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 have to inform your bank of the options elected within the Common Election Period.
You should keep in mind that the election of one of each alternatives 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, you will receive newly issued Iberdrola shares 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 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 on the basis of the listed price of the shares on 25, 26, 27, 28 June and 1 July 2019. This number will be announced on 2 July 2019 by means of a significant event.
Yes, you can buy free allocation rights in the market in order to receive more newly issued Iberdrola shares.
In that case your bank will send these rights in the market and will pay you the amount resulting from that sale.
If you have elected 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 have elected to receive the Supplementary Dividend you will receive at least 0.20 gross euros per share.