OREANDA-NEWS. Following the official notices sent to the Spanish Securities Market Commission (Comision Nacional del Mercado de Valores - CNMV) on October 29, November 25 and December 16, 2015, Repsol, S.A. ("Repsol") reports the end, on January 7, 2016, of the trading period of the free-of-charge allocation rights corresponding to the paid up capital increase implementing the "Repsol Flexible Dividend" shareholders' remuneration program.
Holders of 65.08% of free-of-charge allocation rights (a total of 911,289,456 rights) opted to receive new shares of Repsol. Therefore, the final number of shares of one (1) euro par value issued in the capital increase is 41,422,248, where the nominal amount of the increase is 41,422,248 euros, representing an increase of approximately 2.96% of Repsol's share capital before the capital increase.
Moreover, during the period established for that purpose, holders of 34.92% of free-of-charge allocation rights accepted the irrevocable commitment to purchase rights taken by Repsol. Consequently, Repsol acquired 489,071,582 rights for a total amount of 227,907,357.212 euros. Repsol waived the shares corresponding to the free-of-charge allocation rights acquired by virtue of the mentioned commitment.
The capital increase was closed on January 8,2016.
According to timetable of the execution of the capital increase, the cash payment to shareholders who sold the free-of-charge rights to Repsol will be made on January 12, 2016. r>
It is expected, subject to compliance with all legal requirements (and, in particular, the verification by the Spanish Securities Market Commission), that the new shares will be listed on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges through the Spanish Automated Quotation System (Mercado Continuo), on January 14, 2016, and the next day, the initiation of their ordinary trading. The Company will also apply for the listing of the new shares on the Buenos Aires Stock Exchange.