Complementary dividend of €0.21 per share
Bilbao, 26 June 2017. The Euskaltel Group's Board of Directors met following the General Shareholders' Meeting this morning, agreeing to pay a complementary dividend against 2016 results for a gross amount of €0.21 per share on 5 July 2017.
In October, Euskaltel's Board of Directors agreed to pay the Company?s shareholders an interim dividend against 2016 results for a gross amount of €0.15 per share, amounting to €22.7 million, which was paid out on 1 February 2017.
Subsequently, and as a result of the foregoing, the Board of Directors agreed to submit to the General Shareholders' Meeting the approval of a complementary dividend of €0.21 per share, amounting to €31.8 million, to be paid out on 5 July, as decided at the meeting of the Board of Directors held immediately after the General Shareholders' Meeting.
This means that the first dividend paid out by Euskaltel amounts to a total of €54.6 million, reflecting a return per share of over 4%.
During his speech to the General Shareholders' Meeting, the Euskaltel Group's chairman, Alberto García Erauzkin, emphasised that "we have taken the first steps towards an ongoing commitment to rewarding shareholders with the first payout of dividends, just one year following the start of our journey as a listed company".
The Group's CEO, Francisco Arteche, ended his speech with a confident message about the Group's future, confirming the company?s growth forecasts. "I can confirm that we stand by our forecast and objective for the year, which means to consolidate growth in terms of EBITDA margin and cash flow, enabling us to maintain our sustained and growing shareholder remuneration policy".
Euskaltel - Communication Department