Evolution

The share capital is 155,332,297 euros, represented by 310,664,594 shares, of FIVE EURO CENTS of face value each, fully subscribed and disbursed.

On 22 September 2020, the Company granted a notarial public deed both of the capital reduction agreement through the amortization of the Company's own shares adopted by the Company's General Shareholders' Meeting of 8 May 2020 on item ninth of the Agenda and of the agreements adopted by the Board of Directors on 14 August 20200 , under the delegation granted by the General Shareholders' Meeting, by which  the share capital is declared reduced by the amortization of the company's own shares, for a nominal amount of EUR 2 million, from profits or free reserves, by the amortization of four million ACS shares.

The notarial public deed of capital reduction was registered in the Commercial Register of Madrid on September 24, 2020. The trading exclusion agreements adopted by the Stock Exchanges authorities  of Madrid, Barcelona, Bilbao and Valencia, as well as the exclusion agreement of IBERCLEAR register of the Four Million (4,000,000) shares of the Company, in which the share capital was reduced by a nominal amount of TWO million euros (EUR 2,000,000), were adopted with effect date of 29 September 2020.

Announcement of capital reduction due to the amortization of treasury shares

Mercantile Registry Official Gazzete, September 21, 2020

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Announcement of capital reduction

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Date Capital change Number of shares Share capital*
09/24/2020 Reduction of share capital by amortization of the Company's own shares for a nominal amount of TWO MILLION EUROS from profits or free reserves through the amortization of FOUR million ACS shares. 310,664,594 155.33
07/31/2015 Reduction in the share capital amounting to EUR 2,089,622.50 has been executed, by means of the retirement of 4,179,245 treasury shares, with charge to unrestricted reserves. 314,664,594 157.33
07/21/2015 First execution of the scrip of 4,179,245 shares in order to implement an optional dividend system. 318,843,839 159.42
09/9/2014 Reduction in the share capital amounting to EUR 1,937,509.50 has been executed, by means of the retirement of 3,875,019 treasury shares, with charge to unrestricted reserves. 314,664,594 157.33
07/20/2014 First execution of the scrip of 3,875,019 shares in order to implement an optional dividend system. 318,539,613 159.27
03/10/2014 Reduction in the share capital amounting to EUR 1,281,423 has been executed, by means of the retirement of 2,562,846 treasury shares, with charge to unrestricted reserves. 314,664,594 157.33
02/18/2014 Second execution of the scrip of 2,562,486 shares in order to implement an optional dividend system. 317,227,440 158.61
09/10/2013 Reduction in the share capital. amounting to EUR 3,926,818.50 has been executed, by means of the retirement of 7,853,637 treasury shares, with a charge to unrestricted reserves and through the allocation. 314,664,594 157.33
07/23/2013 First execution of the scrip of 7,853,637 shares in order to implement an optional dividend system. 322,518,231 161.26
05/25/2009 Redemption of 3,979,380 shares of treasury Stock. 314,664,594 157.33
12/03/2008 Redemption of 16,746,453 shares of treasury Stock. 318,643,974 159.32
05/26/2008 Redemption of 17,482,707 shares of treasury Stock. 335,390,427 167,70
06/10/2004 Redemption of 902,452 shares of treasury Stock. Reduction of
the nominal value of shares from € 1.50 to € 0.50, and split 3 x 1
352,873,134 176.44
12/15/2003 Capital increase 118,526,831 177.79
03/29/2001 Share capital redenomination to Euros 64,061,816 96.09
02/29/2000 Merged with IMES Group 64,061,816 96.09
06/1/1999 Capital increase 54,965,098 81.45
01/13/1998 Capital increase 47,795,737 71.69
09/05/1997 Merged of OCP and Ginés Navarro 42,485,100 63.73
09/05/1997 Split 23,132,720 34.70

* (Millions of Euros)