64
        
        
          MEDIASET ESPAÑA COMUNICACIÓN, S.A.
        
        
          NOTES TOTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED DECEMBER 31, 2013
        
        
          (Thousands of euros)
        
        
          13. CAPITAL AND RESERVES
        
        
          a) Issued capital
        
        
          At December 31, 2013 and 2012 the share capital consisted of 406,861,426 shares with a value of 0.50 euros each,
        
        
          represented by a book-entry system. Share capital is fully subscribed and paid-up and the breakdown of ownership is
        
        
          as follows:
        
        
          Shareholder
        
        
          12.31.13
        
        
          12.31.12
        
        
          Mediaset S.P.A.
        
        
          41.55
        
        
          41.55
        
        
          Prisa
        
        
          17.34
        
        
          17.34
        
        
          Free float
        
        
          39.74
        
        
          39.53
        
        
          Treasury shares
        
        
          1.37
        
        
          1.58
        
        
          Total
        
        
          100
        
        
          100
        
        
          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 7/2010, of March 31.
        
        
          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 May 2012 and was equivalent to 0.1379 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 offset
        
        
          losses if no other reserves are available.