2018/10/23
Bonus share issue 2018
The Annual General Meeting held on May 29, 2018, approved to execute a free share capital increase in a proportion of one new share for every twenty existing shares to be freely allocated between all shareholders. All outstanding company shares, without distinction, will be fully granted for this bonus issue.
In order to proceed with this extraordinary shareholder remuneration process, every company’s shareholder will initially receive a free-of-charge subscription rights allocation for every Vidrala, S.A. share held on the 26th October. These rights will be listed within the subscription period of fifteen calendar days, starting the 29th October, finishing the 12nd November, both inclusive. During this subscription period, shareholders will have the option to freely choose between:
a) selling all or part of their rights on the Stock Exchange monetizing in cash the bonus share issue;
b) preserving their stake maintaining their rights; or
c) increase their stake buying new rights.
Once this period is ended, the free-of-charge rights owned by the Holders will be converted into new shares in the proportion of 1 new share for every 20 rights.
Updated information about this bonus share issue will be accessible at the website of the company, www.vidrala.com. Additionally, Vidrala shareholders’ office is available for all interested parties.