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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
15. EQUITY
15.1. Share capital
On April 15, 2015, at the Annual General Meeting, the shareholders agreed to a share capital decrease amounting to
20,343 thousand euros through the redemption of 40,686,142 treasury shares, representative of 10% of share capital
when this decision was made, leaving share capital at 183,088 thousand euros.
At December 31, 2015 the share capital consisted of 366,175,284 shares with a value of 0.50 euros each, represented
by a book-entry system (406,861,426 shares with a value of 0.50 euros each at December 31, 2014). All share capital
has been fully subscribed and paid up and is held as follows:
2015
2014
Owner
% Interest
% Interest
Mediaset, S.p.A.
46.17
41.55
Free float
48.51
45.13
Treasury shares
5.32
9.66
Prisa Group
-
3.66
Total
100.0
100.0
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.
15.2. Share premium
The share premium can be freely distributed.This decrease in 2015 was due to the capital decrease approved by the
shareholders in general meeting on April 15, 2015.
15.3. Legal reserve and Goodwill reserve
Under the Spanish Companies Law, 10% of net profit for each year must be transferred to the legal reserve until the
balance of this reserve reaches at least 20% of the share capital.
The legal reserve can be used to increase capital provided that the remaining reserve balance does not fall below 10%
of the increased share capital amount. Otherwise, until the legal reserve exceeds 20% of share capital, it can only be used
to offset losses, provided that sufficient other reserves are not available for this purpose.
The parent has set aside the full legal reserve required, included under “Other reserves” on the accompanying
consolidated statement of financial position.
The parent has set aside a non-distribute reserve of 57,596 thousand euros (43,197 thousand euros at December 31,
2014). Effective January 1, 2016, this reserve will be reclassified to voluntary reserves, and will be available in the amount
which surpasses goodwill recorded on the consolidated statement of financial position.