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Structure of Capital

According to information received by the Company in compliance with the regulations with respect to shareholder percentages and according to information facilitated by related companies as well, the most significant shareholders are:

Stockholders’ Significant Shareholdings Share %
Corporate Investment IC, S.A. (*) 50.00
Finarpisa, S.A. (*) 6.04
Fidelity International 1.01
 
(*) Corporate Investment Group.
Officers’ Significant Shareholdings
Officer Number of direct shares Number of indirect shares % of share capital
Mr. Felipe Benjumea Llorente 0 814,111 0.899
Mr. Javier Benjumea Llorente 1,960 0 0.002
Mr. José Joaquín Abaurre Llorente 1,900 0 0.0021
Mr. José Luis Aya Abaurre 55,076 0 0.061
Aplicaciones Digitales S.L. 930,750 0 1.039
Mrs. Alicia Velarde Valiente 400 0 0.0004
Mr. Daniel Villalba Vilá 13,430 0 0.014
Professor Carlos Sebastián Gascón 12,000 12,000 0.027
Ms. Mercedes Gracia Díez 500 0 0.0005
Ms. Mª Teresa Benjumea Llorente 12,390 0 0.013
Mr. Ignacio Solís Guardiola 15,336 0 0.016
Mr. Fernando Solís Martínez-Campos 50,832 34,440 0.092
Mr. Carlos Sundheim Losada 47,027 0 0.051
Mr. Miguel A. Jiménez-Velasco Mazarío 27,040 0 0.029
Mr. Miguel Martín Fernández 1,600 0 0.0017
Current Share Capital

The share capital of Abengoa, S.A. is represented through account record books, the leasing for which corresponds to Iberclear (Management of Registry, Compensation and Stock Liquidation Company, S.A.), and is composed of 90,469,680 shares with a par value of 0.25 Euros each, all of the same class and series; i.e. 22,617,420 Euros of share capital. All of the shares are admitted for official trading on the Madrid and Barcelona Stock Exchanges, as well as the Spanish Stock Exchange Interconnection System (Continuous Market) since November 29, 1996.

The last modification of share capital took place by agreement of the General Stockholders’ Meeting on June 24, 2001, in relation to the split in the par value of shares, from 1 euro to 0.25 euros per share, with the corresponding modification in the number of shares released, from 22,617,420 to the current 90,469,680, and subsequently modifying Articles 6 and 21 of Company Statutes with the aim of adapting them to the new number of shares and par value, with the simultaneous exclusion of previous shares and admission for exchange of the new shares.

Self-portfolio

As of December 12, 2006 the Company does not maintain its own shares in a self-portfolio, nor has acquired any of its own shares during fiscal year 2006.

The General Stockholders’ Meeting held on April 15, 2007 agreed to authorizing the Board of Directors for derivative acquisition, via exchange dealing, of shares of the Company itself, either directly, or through Subsidiary Companies of shares held up to the maximum foreseen limit in legal resolutions at a price ranging from twenty cents of a euro (120.20 euros) maximum per share, being able to make use of this authority during a period of eighteen (18) months from the same date, and subject to the contents of the Fourth Section of Chapter IV of the Rewritten Text of Corporate Law, revoking to the effect, expressly, authorization conferred to the Board of Directors, with the same aims, in accordance with the agreement adopted by the General Stockholders’ Meeting held on June 29, 2003.

On September 15, 2004, Abengoa's Board of Directors determined, based on Company stock quotes on that date, around 7 euros per share over the last quarter, that it did not reflect the real growth potential of the Company and deemed beneficial for the Company, from a financial standpoint, to invest in its own shares. Nevertheless, taking into account that the Company is, by definition, a shareholder that possesses more information than the rest of the market and that, even unintentionally, its operations can influence Company stock quotes, the corresponding rules and cautions, with the aim of ensuring that it does not have an artificial influence on price establishment. Thus, making use of the authority conferred by the General Meeting, the Board of Directors ordered a plan for acquiring its own shares, allocating an amount for purchasing shares of Abengoa, S.A. itself; not to exceed 15 million euros in this fiscal year; in no case to exceed 5% of the share capital, nor will a price of more than 7.25 Euros per share be paid, subject to regulations contained in Title VII of Law 24/1988 pertaining to Securities Exchange in Abengoa's Internal Regulations of Conduct with respect to Securities Exchange and the guidelines contained in the present agreement; as orientating criteria for self-portfolio management, the rules contained in Circular Letter 12/1998 from the National Securities Exchange Commission dated December 17, 1998 are to be followed as well.

At January, 18, 2008, Abengoa S.A. owns 1.22% of the Company' shares (1,105,000 own shares).

At February 8, 2008, Abengoa S.A.owns 2.01% of the Company' shares (1,825,000 own share).

At February, 12, 2008, Abengoa S.A. owns 1.9775% of the Copany' shares (1,789,000 own shares).

At April, 15, 2008, Abengoa S.A. owns 2.09% of the Copany' shares (1,893,334 own shares).

At May, 9, 2008, Abengoa S.A. owns 1.994% of the Copany' shares (1,804,001 own shares).

At May, 13, 2008, Abengoa S.A. owns 2.0403% of the Copany' shares (1,845,823 own shares).

At May, 14, 2008, Abengoa S.A. owns 1.85% of the Copany' shares (1,681,823 own shares).

At May, 22, 2008, Abengoa S.A. owns 2.09% of the Copany' shares (1,897,497 own shares).


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