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FINANCIAL STATEMENTS AND MANAGEMENT REPORT 2015
13. CAPITAL AND RESERVES
a) Issued 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). Share capital is
fully subscribed and paid-up and the breakdown of ownership is as follows:
Shareholder
12.31.15
12.31.14
Mediaset S.P.A.
46.17
41.55
Free float
48.51
45.13
Treasury shares
5.32
9.66
Promotora de Informaciones, S.A.
-
3.66
Total
100
100
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, andValencia Stock Exchanges.
b) 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.
c) Legal reserves
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.
d) Goodwill reserve
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 assets side of the balance sheet.