Page 61 - MEDIASET ESPAÑA / 2012. Financial Statements, Management and Corporate Governance Report

61
FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT. 2012
At December 31, 2012, the Company was notified of the merger between Mediaset Investimenti, S.p.A. and Mediaset
S.p.A.; the latter assumed all of the former’s assets and liabilities, which resulted in a new share capital breakdown (see
above table).
All the shares making up the company’s issued capital enjoy the same rights.
Share transfers are governed by the General Audiovisual Communication Law.
Listing on the Stock Exchange
The Company was admitted for listing on the Stock Exchange on June 24, 2004. On January 3, 2005, its shares were
included on the IBEX 35. Its shares are traded on the Madrid, Barcelona, Bilbao, and Valencia Stock Exchanges.
Dividends
On March 28, 2012, approval was given at the Company’s General Shareholders’ Meeting to pay out 55,260 thousand
euros in dividends charged to 2011 earnings.This dividend was paid in April 2012 and was equivalent to 0.1379 euros
per outstanding share.
On April 13, 2011, approval was given at the Company’s General Shareholders’ Meeting to pay out 97,912 thousand
euros in dividends charged to 2010 earnings. This dividend was paid in 2011 and was equivalent to 0.2445 euros per
outstanding share.
On April 13, 2011, approval was given at the Company’s General Shareholders’ Meeting to pay 42,248 thousand euros
of extraordinary dividends charged to unrestricted reserves.This dividend was paid in May 2011 and was equivalent to
0.1055 euros per outstanding share.
b) Legal reserve
The companies are required to transfer 10% of each year’s profit to a legal reserve until this reserve reaches an amount
at least equal to 20% of share capital.This reserve cannot be distributed to shareholders, and may only be used to cover
income statement balances payable, if no other reserves are available.
c) Goodwill reserve
This reserve is restricted as long as the related goodwill is recognized in the Company’s balance sheet.
d) Treasury shares and equity investments:
In general, treasury shares have been acquired to meet the Company’s commitments related to the compensation
system, based on shares of executive directors and directors, as described in Note 17.
Changes under this heading in 2012 were as follows:
Thousands of euros
Balance 12/31/11 Additions Disposals Balance 12/31/12
Treasury shares 84,745 - - 84,745