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CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATED MANAGEMENT REPORT 2015
15.4. Dividends
During the general shareholders meeting, the decision was made to distribute profit for 2014 as follows:
Thousand euros
Profit for the year
59,963
Goodwill reserve
14,399
Offset of years’ losses
8,594
Dividends
36,970
Total
59,963
The ordinary dividend amounts to 0.1009635 euros per share after deducting the amount corresponding to the
Company’s treasury shares.
The distribution of an extraordinary dividend was also agreed upon, charged to unrestricted reserves in the amount of
10,571 thousand euros, equivalent to 0.0290365 euros per share, after discounting the amount corresponding to the
Company’s treasury shares.
Both dividends were paid to the shareholders of Mediaset España Comunicación, S.A. on May 4, 2015.
15.5. Treasury shares
Treasury shares were acquired mainly to cover the company’s commitments in relation to share option plans. These
plans are described in Note 22 to these consolidated financial statements. However, due to the sale of the 22% share in
DTS Distribuidora deTV Digital, S.A. during 2014, the decision was made to create a repurchasing plan designed so that
shareholders would receive a remuneration similar to the amount of the acquisition of the investment.
This plan finalized in 2015, with a new plan scheduled for launch in October 2015 with a maximum amount of 150
million euros, which at the date of the preparation of these consolidated financial statements has been already executed.
At December 31, 2015 the Company held 19,476,506 treasury shares valued at cost at 214,838 thousand euros (2014:
39,284,862 shares at 371,373 thousand euros, respectively).
The changes in “Treasury shares” in 2015 and 2014 were as follows:
2015
2014
Number of shares Amount (*)
Number of shares Amount (*)
At beginning of year
39,284,862
371,373
5,563,223
73,445
Increase
21,609,964
238,586
34,583,221
307,514
Decrease
(41,418,320)
(395,122)
(861,582)
(9,586)
At year end
19,476,506
214,838
39,284,862
371,373
(*) Amounts in thousands of euros