Dividends

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2017

The General Shareholders’ Meeting of Lar España SOCIMI S.A, held on 29 May 2017, on second call, has approved, among other resolutions, to distribute:

(i) as dividend for the fiscal year, an amount of 3,416 thousand euros, at a ratio of 0.038 euros gross per share;

(ii) with charge to share premium, an amount of 26,584 thousand euros, at a ratio of 0.294 euros gross per share

Therefore, Lar España Real Estate SOCIMI, S.A. will allocate a total of 30,000 thousand euros to make these payments (total dividend of 0.33 euros per share) for the financial year 2016, which represents an increase of 65% of the shareholder’s remuneration during the previous year.

The distribution has been carried out on 31 May 2016.

2016

The General Shareholders’ Meeting of Lar España Real Estate SOCIMI, S.A, held on 21 April 2016, has approved to distribute:

(i) as dividend for the fiscal year, an amount of 4,499 thousand euros, at a ratio of 0.075 euros gross per share;

(ii) with charge to share premium, an amount of 7,538 thousand euros, at a ratio of 0.125 euros gross per share.

Therefore, Lar España Real Estate SOCIMI, S.A. will allocate a total of 12,000 thousand euros to make these payments (total dividend of 0.20 euros per share) for the financial year 2015, which is six times higher than the previous year.

The distribution will be carried out on 20 May 2016.

2015

The General Shareholder Meeting approved Lar España Real Estate Socimi,S.A.’s first dividend proposal

Lar España will pay out its first dividend (0.033 EUR/share) on May 28th 2015.

The Company intends to maintain a dividend policy which has due regard to sustainable levels of dividend distribution and reflects the Company’s view on the outlook for sustainable recurring earnings. The Company intends to pay dividends when the Board considers it appropriate. However, under the Spanish SOCIMI Regime, the Company will be required to adopt resolutions for the distribution of dividends, after fulfilling any relevant Spanish Companies Act requirement, to shareholders annually within the six months following the closing of the fiscal year of: (i) at least 50% of the profits derived from the transfer of real estate properties and shares in Qualifying Subsidiaries and real estate collective investment funds; provided that the remaining profits must be reinvested in other real estate properties or participations within a maximum period of three years from the date of the transfer or, if not, 100% of the profits must be distributed as dividends once such period has elapsed; (ii) 100% of the profits derived from dividends paid by Qualifying Subsidiaries and real estate collective investment funds; and (iii) at least 80% of all other profits obtained (i.e., profits derived from ancillary activities). If the relevant dividend distribution resolution is not adopted in a timely manner, the Company would lose its SOCIMI status in respect of the year to which the dividends relate.

Only those shareholders that are registered in the clearance and settlement system managed by Iberclear at 23:59 hours (Madrid time) of the day of approval of the relevant dividend distribution will be entitled to receive the dividend payments. Dividends will be received in respect of the Ordinary Shares owned at such time. Unless otherwise agreed by the Shareholders’ Meeting or the Board, the By-Laws provide that the payment date will take place 30 days after the dividend distribution is approved.