28-03-19: The company proposes a scrip dividend payment to the shareholders at the Annual General Meeting
March 28, 2019 at 02:31 pm EDT
Share
REGULATORY DISCLOSURE
Madrid, 28 March 2019. In compliance with the provisions of Article 228 of the consolidated text of the Spanish Securities Market Law (LMV) approved by Legislative Royal Decree 4/2015 of October 23 2015 ("LMV"), Fomento de Construcciones y Contratas, S.A. ("FCC" or the "Company") hereby releases the following Regulatory Disclosure:
FCC's Board of Directors held on 21st March 2019 agreed, subject to certain conditions that have been fulfilled today, to propose to the shareholders at the Annual General Meeting the payment of a scrip dividend.
A scrip dividend is a flexible formula that allows shareholders to receive cash or its equivalent amount in bonus shares from the company. Shareholders will receive the amount of EUR0.40 gross per share, resulting in a maximum payment of EUR151,530,202.40.
The Annual General Meeting's approval will entitle the Board of Directors to determine the execution date for the payment as well as its specific conditions.
Capital Markets Department ir@fcc.es -91 757 47 51
Attachments
Original document
Permalink
Disclaimer
FCC - Fomento de Construcciones y Contratas SA published this content on 28 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2019 18:30:01 UTC
Fomento de Construcciones y Contratas SA (FCC) is a Spain-based company primarily engaged in the provision of environmental services. The Company's activities are divided into four business areas: Environmental services, Construction, Water management and Cement. The Environmental services division focuses on street cleaning, maintenance of urban parks and gardens, industrial waste management, waste treatment and recycling, among others. The Construction division offers engineering and construction of civil works, such as roads, railways, airports and hydraulic projects, as well as residential and non-residential buildings. The Water management division operates an integrated water management cycle, which includes intake, purification, treatment and distribution of the waste water. The Cement division manufactures cement, concrete, aggregate and mortar. The Company operates through numerous subsidiaries in Europe, the Americas, Africa and the Middle East region.
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. 
