According to the Note of Bolsas y Mercados Españoles (BME) 35/2016 of 11 March, 'on the restriction for dividend payments and other cash payments arising from corporate events', Inditex is updating the calendar of dividend payments mentioned on page 4 of the Financial Results note published last Wednesday 9 March 2016.
Under this change, the dividend will be paid out on 3 May 2016 and on 2 November 2016.
The Note specifies that 'as a consequence of the technical and operative restrictions in the migration process due to the Reforma del Sistema de Registro, Compensación y Liquidación' (Reform of the Registration, Clearing and Settlement System), as of 27 April 2016:
1. Cash payments are not permitted on 28 and 29 April under the prior procedure.
2. Cash payments are not permitted on 2 May following the new procedure.
The calendar of dividend payments will be:
Payment Date | Record date | Ex-date |
03 May 2016 | 02 May 2016 | 28 April 2016 |
02 November 2016 | 01 November 2016 | 31 October 2016 |
INDITEX - Industria de Diseño Textil SA issued this content on 14 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 March 2016 07:59:20 UTC
Original Document: http://www.inditex.com/es/media/news_article?articleId=197568