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Year
Number of
shares
Nominal
value (EUR)
Average
Purchase Price
(EUR)
Total
Adquisition
Cost
(thousand
EUR)
2014
1,145,594
859,196
6.29
7,202
2013
15,818,704 11,864,028
6.29
99,453
-
At 31,594 shares, with a value of EUR 7,202 thousand and an average acquisition price of EUR
6.29 per share.
-
The changes in “Treasury Shares” in 2014 and 2013 were as follows:
-
Number of Shares
2014
2013
At beginning of year
15,818,704
15,818,704
Purchases
-
-
Sellings
(6,298,784)
-
Delivery of shares (Note 4)
(8,374,326)
-
At end of year
1,145,594
15,818,704
On 6 March 2014, the Parent reported through a relevant event communication the sale for
EUR 79,680 thousand of a total of 6,298,784 treasury shares representing 2.79% of its share
capital. The carrying amount of these shares was EUR 39,601 thousand. The difference
between both amounts was recognised in equity. This transaction carried a cost of 1% on the
sale price, which was also recognised in equity.
The Annual General Meeting held on 24 March 2010 approved a resolution authorising the
Parent to acquire treasury shares provided that they did not exceed the maximum legal limit
permitted by law at any given time. This limit was established at 10% of subscribed share
capital by Law 3/2009, of 3 April, on structural changes to companies.
12.4 Dividends
At the Parent's Board of Directors meeting held on 19 November 2014, it was resolved to
distribute out of the Parent's profit for 2014, gross amount of ten euro cents (EUR 0.10) for
each of the 224,551,504 shares with a par value of EUR 0.75 carrying dividend rights, of
which 1,145,594 are treasury shares. Accordingly, the dividend rights inherent to treasury
shares were attributed proportionately to the other shares that are eligible to receive the
dividend, in accordance with Article 148 of the Spanish Limited Liability Companies Law.
Under the draft terms of merger by absorption of Atresmedia Corporación de Medios de
Comunicación, S.A. and Gestora de Inversiones Audiovisuales La Sexta, S.A. (“La Sexta”), the
remaining shares representing the Parent's share capital, i.e. 1,181,296 shares, that were
delivered to the La Sexta shareholders as part of the share exchange and whose related
dividend rights were temporarily restricted do not carry rights to this interim dividend. The
owners were not eligible to receive dividends distributed out of the Parent's profit in the 24
months following the date of registration of the merger deed at the Madrid Mercantile Registry,
which took place on 31 October 2012.
This dividend, which was paid to the shareholders as an interim dividend on 18 December
2014, totalled EUR 22,341 thousand.