Repsol : launches the Share Acquisition Plan 2020, approved by the Annual General Shareholders’ Meeting held on May 11, 2018
January 14, 2020 at 12:33 pm EST
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Repsol, S.A.
Tlf.:+34 917 538 100
C/Méndez Alvaro, 44
+34
917 538 000
28045 Madrid
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repsol.com
Official Notice
Madrid, January 14, 2020
In execution of agreements approved by the Annual General Shareholders' Meeting held on May 11, 2018 under item thirteenth of the Agenda, Repsol, S.A. has launched the Share Acquisition Plan 2020 (the "Plan"), the Plan applies to Repsol Group's employees in Spain that meet the requirements of its general conditions and who voluntary decide to opt for the same.
This Plan allows its beneficiaries to receive part of their 2020 remuneration in Repsol, S.A. shares up to a maximum annual limit of 12,000 euros.
For 2020, the Plan commenced on January 1st and will end on December 31st. The delivery of shares to the beneficiaries will be made on a monthly basis.
The first delivery of shares to current beneficiaries will be made today, at the closing share price of Repsol, S.A. shares in the Spanish Stock Market.
Below are the principal figures for the 2020 Plan, in addition to individual communications to be made by certain participants in accordance with applicable laws and regulations:
Number of current participants
1,663
Maximum amount (in euros) requested by all
current participants in the Plan, to be paid in
12,511,131.08 €
shares
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Repsol SA published this content on 14 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2020 17:32:00 UTC
Repsol S.A. is one of the largest oil and gas groups in Spain. The activity is organized into four sectors:
- refining and distribution (No. 1 in Spain): 42.1 million tons of crude oil refined in 2022 and 25.5 million tons of oil products sold (kerosene, gasoline, fuel oil, gas liquefied petroleum gas, etc.). At the end of 2022, the group operated 6 refineries located in Spain (5) and Peru and a network of 4,651 service stations located in Spain (3,304), Peru (567), Portugal (515) and Mexico (265). Repsol S.A. also sells lubricants, aviation fuels, bitumen and specialty products (7,261 Kt sold in 2022), liquefied petroleum gas (1,207 Kt sold) and petrochemicals (2.5 Mt of products sold);
- production of electricity and distribution of natural gas: 8,734 Gwh of electricity generated from renewables energy and 1,650 Gwh of gas sold in 2022;
- liquefaction, transportation and regasification of natural gas;
- exploration and production of oil and natural gas: 550,000 barrels of hydrocarbons produced per day in 2022.
Net sales are distributed geographically as follows: Spain (57.9%), Peru (7.2%), the United States (5.7%), Portugal (4.6%), and other (24.6%).