This Friday, Repsol submits to its board the payment of a dividend of 0.45 euros per share in January

Together with the 0.5 euros per title of the complementary dividend

MADRID, 5 May. (EUROPA PRESS) -

Repsol will hold its general shareholders meeting this coming Friday, May 10, at which it will propose the distribution of a dividend of 0.45 euros gross per share charged to free reserves.

This dividend of 0.45 euros gross per share charged to free reserves, to be paid in January 2025, is 12.5% ​​higher than the 0.4 euros paid - with an interim dividend against 2023 results of 0.025 gross euros per share and with another dividend of 0.375 gross euros per share charged to free reserves - last January, as the first interim payment corresponding to the accounts for the 2023 financial year.

In addition, the board will propose to shareholders the payment of the complementary dividend of 0.5 euros gross per share, to be paid on July 8, thereby placing this year's total remuneration charged to last year's results at 0.9 euros per share, which represents an increase of approximately 30% of the cash dividend, distributing 1,095 million euros.

On February 22, the energy company led by Josu Jon Imaz updated its 'roadmap' for the period 2024-2027, with a commitment to increase this total amount by 3% annually, up to 1,197 million euros in 2027.

Repsol estimates in its plan the payment of a dividend for each year, depending on two scenarios based on the prices of Brent and natural gas, as well as the refining margin, of 0.99 euros, 1.11 euros and 1. 26 euros, at best, and 0.95 euros, 1 euro and 1.06 euros, at the end of 2027, at the most pessimistic.

On the other hand, in addition to the approval of a reduction in share capital through the amortization of 40 million own shares, the delegation to the board of directors of the power to execute totally or partially and on the occasions it deems most convenient will also be voted. , or not execute, a second reduction of share capital through the amortization of up to a maximum of 121,739 million treasury shares, equivalent to 10% of the company's share capital.

Likewise, the company chaired by Antonio Brufau will also submit to its shareholders an advisory vote on the company's energy transition strategy.

This will be the second time, after the 2022 meeting, in which the group submits this strategy to the advisory vote of shareholders, which represents further progress in the continuous dialogue with its investors and in its objective of becoming a company net zero emissions in 2050.

The company will also take the accounts for the 2023 financial year to an advisory vote, as well as the annual report on the remuneration of Repsol directors for last year.