58.38% of Iberdrola share capital has elected to receive free Iberdrola shares with no tax withheld on the remuneration system called Scrip Dividend: "Iberdrola Dividendo Flexible", which has been implemented on the occasion of payment of the final dividend for the fiscal year 2016.
Iberdrola issues 77.5 million new shares, which entails a 1.242% increase of the share capital.
The other 41.62% of the company's share capital have elected to receive their compensation in cash. Iberdrola pays a total of 381.73 million euros for the acquisition of the rights at the fixed price guaranteed by Iberdrola of 0.147 euros per right (subject to 19% withholding tax).
|RESULTS SUMMARY||JULY 2017 (FINAL 2016)|
|NEW SHARES ISSUED||77,515,000 (1.242%)|
|GROSS PRICE PER RIGHT(*) Nota||0.147€|
(*) Nota Fixed price guaranteed by Iberdrola.