Repsol announces timetable for capital increase

Repsol emits debtRepsol emits debt

Link Securities | Repsol (REP) has communicated the timetable foreseen for the capital increase approved by Friday´s Shareholder General Assembly within the framework of the “Repsol Flexible Dividend” Programme:

11th June 2019: publication of the informative document which will contain, among other materials, information about the number of free rights assignments necessary to receive a new share and the price of the commitment to buy shares which Repsol will assume.

14th June 2019: publication of the announcement of the increase in capital in the mercantile register (BORME). Last trading date for Repsol shares with the right to participate in the “Repsol Flexible Dividend” Programme.

15th June 2019: beginning of the trading period for the rights of free assignment and of the period to seek cash compensation.

17th June 2019: first working stock market day following the last trading day. Beginning of effective trading in rights of free assignment, and therefore the date from which Repsol shares will trade “ex-date”.

18th June 2019: effective date for the liquidation of operations carried out on 14 June (record date).

28th June 2019: end of the period to seek cash compensation in virtue of Repsol´s commitment to buy rights.

4th July 2019: end of the trading period for rights with free assignment. Acquisition by Repsol of the rights of free assignment of those shareholders who have sought their purchase by Repsol.

8th July 2019: closure of the increase in capital and communication of the final results of the operation.

8th July 2019: cash payment to the shareholders who opted to sell their rights of free assignment to Repsol in virtue of its commitment to buy.

22th July 2019: estimated date for the start of ordinary trading in the new shares in Spanish markets, subject to obtaining the relevant authorisations.