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IBERDROLA OFFERS SHAREHOLDERS FREE STOCK OR CASH PAYMENT OF €0.130 PER SHARE

IBERDROLA today informed of the number of subscription rights required to obtain one new share in the company, against the Group´s 2012 financial results and through the seventh edition of the Iberdrola Flexible Dividend plan, which offers all its shareholders the possibility of obtaining shares at no cost.

Shareholders wishing to receive the final dividend payment in Company shares must hold 30 subscription rights in order to obtain one new IBERDROLA share.

The Iberdrola Flexible Dividend plan also allows shareholders to receive the remuneration in cash by selling their rights to IBERDROLA (at a guaranteed fixed price) or on the open market. If they take the first option the company offers a guaranteed price of €0.130 per share, with a withholding tax of 21% applicable. Shareholders who prefer to sell their rights in the market will have no fiscal retention, but neither will they benefit from a fixed guaranteed price.

As usual, the default option in this new edition of the Iberdrola Flexible Dividend plan will be the delivery of a new IBERDROLA share for every 30 free-of-charge subscription rights. Shareholders who opt to receive their compensation in cash must sell their rights to the Company between the 3rd and 12th of July, or on the open market between the 3rd and 17th of July.

In addition to the guaranteed price offered by IBERDROLA and the €0.143 per share paid in January, shareholders will receive a cash dividend of €0.03 per share. The Company thereby maintains shareholder remuneration against 2012 earnings at €0.30 per share. 

‘Iberdrola Flexible Dividend´calendar

IMPORTANT INFORMATION

This communication does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities. The shares of Iberdrola, S.A. may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exception from registration.

This communication contains forward-looking information and statements about Iberdrola, S.A., including financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions.

Although Iberdrola, S.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of Iberdrola, S.A. shares are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Iberdrola, S.A., that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the public documents sent by Iberdrola, S.A. to the Comisión Nacional del Mercado de Valores.

Forward-looking statements are not guarantees of future performance. They have not been reviewed by the auditors of Iberdrola, S.A. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date they were made. All subsequent oral or written forward-looking statements attributable to Iberdrola, S.A. or any of its members, directors, officers, employees or any persons acting on its behalf are expressly qualified on its entirety by the cautionary statement above. All the forward looking statements included herein are based on information available to Iberdrola, S.A. on the date hereof. Except as required by applicable law, Iberdrola, S.A. does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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