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established when they were issued, represented the share of profits generated by the
Parent subsequent to 31 October 2014, amounting to EUR 83 thousand and representing
9% of the par value.
At the Parent's Board of Directors meeting held on 18 November 2015, it was resolved to
distribute out of the Parent's profit for 2015, the gross amount of eighteen euro cents
(EUR 0.18) for each of the 225,732,800 shares with a par value of EUR 0.75
representing the share capital, of which 789,738 are treasury shares. Accordingly, the
dividend rights inherent to treasury shares were attributed proportionately to the other
shares in accordance with Article 148 of the Spanish Limited Liability Companies Law.
This dividend, which was paid to the shareholders as an interim dividend on 17
December 2015, totalled EUR 40,490 thousand and represented 24% of the par value.
In 2014 the Parent paid an ordinary dividend out of 2013 profit amounting to EUR 0.11
per share with dividend rights (once the dividend rights inherent to the treasury shares
had been attributed), pursuant to a resolution adopted at the Annual General Meeting
held on 23 April 2014. The dividend amounting to EUR 24,575 thousand, representing an
increase of 15% on the par value, was paid on 18 June 2014.
g)
Non-controlling interests
“Non-Controlling Interests” relates to the non-controlling interests of Uniprex Televisión
Digital Terrestre de Andalucía, S.L. and Atresmedia Foto, S.L., which at 31 December
2015 held 25.8% and 10%, respectively, of the shares of these companies, the amounts
of which are not significant.
h)
Other equity instruments
Pursuant to the agreement to merge Atresmedia Corporación de Medios de
Comunicación, S.A. and Gestora de Inversiones Audiovisuales La Sexta, S.A., both
companies agreed to grant La Sexta shareholders an additional ownership interest of
15,818,704 of the Parent's shares representing 7% of its share capital, although the
delivery thereof is conditional upon the Group's earnings from 2012 to 2016.
On 19 February 2014, the Parent reported, through a relevant event communication and
subsequent to a resolution of its Board of Directors, the partial novation of this
agreement, under which Atresmedia Corporación de Medios de Comunicación, S.A., with
Gamp Audiovisual, S.A. and Imagina Media Audiovisual, S.L., agreed to bring forward
and definitively adjust the delivery of the additional ownership interest that would
correspond to these companies. Accordingly, on 24 February 2014, ownership interests
in Atresmedia Corporación de Medios de Comunicación, S.A. equal to 2.079% and
1.631% of its share capital, respectively, were delivered with a charge to treasury
shares.
The terms and conditions agreed upon in the integration agreement relating to Gala
Desarrollos Comerciales, S.L. remain unchanged and, accordingly, it continues to be
entitled to receive an additional ownership interest of 0.508% of the share capital of
Atresmedia Corporación de Medios de Comunicación, S.A., conditional upon the earnings
performance of the Atresmedia Group in the period 2012 to 2016. The delivery of the
remaining additional shares will be carried out in full through treasury shares of the
Parent and, therefore, does not constitute an additional issue.
"Other Equity Instruments" includes the measurement of the aforementioned
consideration at the fair value of the shares whose delivery continues to be deferred.
This measurement was calculated on the basis of the forward price of the shares of
Atresmedia Corporación de Medios de Comunicación, S.A. on 5 October 2012 taking into
account a 0.90% IRS rate and in accordance with management's estimate of the profit
for 2012 to 2016 in order to estimate the time of delivery.