The Board of Directors of Iberdrola has agreed to pay a pre-tax attendance bonus of €0.005 per share (€5 per 1,000 shares) to shareholders that attend or are represented at the upcoming AGM, to be held on 27 March on first call.

The Board of Directors will propose that the General Shareholders' Meeting approve two free capital increases that will allow to implement two new editions of the Iberdrola Flexible Dividend scheme. Under the terms of this scheme and similarly to the procedure followed on previous occasions, the company will offer its shareholders the choice of receiving the dividend in cash or in the form of company shares.

The proposal for the allocation of the earnings includes the payment of a cash dividend amounting to €0.03 gross per share. Together with the €0.127 gross per share already paid last December and the second edition of the Iberdrola Flexible Dividend corresponding to 2014, which is scheduled for the month of July, this amount will mean the annual shareholder remuneration will remain at €0.27 gross per share, which is in keeping with the company's Outlook for 2014-2016.

The Board of Directors will also submit a proposal to the General Shareholders Meeting for the approval of a maximum share capital reduction of 2.324%, to be carried out through the amortization of up to 148.483 million shares from Iberdrola's treasury stock.  This capital reduction will help maintain the earnings per share (EPS).

After submitting the individual and consolidated accounts and management reports for 2014 to the AGM, approval will be sought for the Board's management and work during the year, as well as the re-election of the auditor for the company and its consolidated group for 2015.

The shareholders will be asked to approve the re-election of the Chairman of Iberdrola, Ignacio Galán, as Chief Executive Officer, and to ratify the appointment of Denise Mary Holt, José W. Fernández and Manuel Moreu Munaiz Board members and the re-election of Ángel Acebes Paniagua, María Helena Antolín Raybaud, Santiago Martínez Lage and José Luis San Pedro Guerenabarrena as voting members.

The company has provided various possibilities for participation by those that are unable to attend the AGM in person.  It is now easier than ever to delegate to a representative or vote remotely. There is an electronic voting form available on the website. Shareholders may also hand in their cards in advance to the locations indicated by the company, send them by post to the address "apartado número 1.113, 48008 Bilbao", or give them to their depositary institutions.  

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