Tatsächlich wird die Dividende zweimal bezahlt: Im Mai und November.
Die Gratisaktien sind erstmals wieder dabei.
Aus dem Link telefonica.com/en/shareholders_investors/pdf/hr_20120514_2.pdf habe ich den folgenden Text kopiert.
Sieht so aus, als ob der spanische Staat einen von der Quellensteuer verschont.
The capital increase by means of a scrip dividend that is the subject matter of this
document serves as an instrument to implement a new shareholder compensation
alternative, in line with that provided by other nationaland international companies,
which, without limiting in any way the possibility of shareholders of receiving the entire
annual contribution in cash if they so wish, allows them to receive shares of Telefónica
with the favorable tax regime for free-of-charge shares, which is described below.
Accordingly, the reason for the capital increase is to offer all Telefónica shareholders
the possibility of receiving, at their choice, newly-issued free-of-chargeshares of
Telefónica, without thereby altering Telefónica’s shareholders compensation policy in
cash.
To such end, under the above-mentioned capital increase by means of a scrip
dividend, each shareholder will receive one free allotment right for each Telefónica
share such shareholder holds. Such free allotment rights may be traded and may be
transferred on the Continuous Market in Spain during a period of fifteencalendar days,
upon the expiration of which such rights will be automatically converted intonewlyissued
shares.
Under the new compensation system, each shareholder may choose from among the
following options1:
(i) Not to transfer his free allotment rightsand receive the new shares. In this case,
new shares corresponding to the number of rights held by him at the end of the
trading period will be allocated free of charge to the shareholder. The allocation
of shares is not subject to withholding tax.
(ii) To transfer all or part of the shareholder’s free allotment rights to Telefónica
under the irrevocable Undertaking to purchase free allotment rightsassumed by
the Company at a fixed price, which entails electing to receive the compensation
in cash.
This option is granted only to shareholders who have status as such on the date
on which the freeallotment rights are allotted (which is expected to be at 11:59
p.m., Madrid time, on May 17, in accordance with the schedule included in
section 3.3 below) and only in respect of such free allotment rights as they
receive at that time. The cash option may therefore not be requested for the free
allotment rights acquired on the market.
This option will have the same tax treatment as a dividend, and the amount to be
received by the shareholders will therefore be subject to withholding.
(iii) To transfer all or part of their free allotment rights on the market. Since the rights
may be traded in Spain, shareholders may decide to sell them on the market
during the trading period specified in section 3.4 below at their listing price at the
time and not at the guaranteed price offered by Telefónica. The amount from the
sale of the rights on the market is not subject to withholding.
Shareholders may also combine the foregoing options according to their needs or
preferences.
Shareholders who do not give notice of their decision will receive the number of new
shares to which they are entitled.
Zurück
