General Information
Tubacex offers to its current and potential shareholders a full range of information on its business.
1. Communication channels with the Company
The Company has established channels to share information with the markets in a fair and symmetric way. For this purpose, this Web page includes all the issues identified in the circular letter 1/2004 of 17 March, issued by the Spanish Securities Exchange Commission (CNMV).
Additionally, the company keeps the channels formerly created to provide information for their shareholders.
> Visit the Shareholder Office
2. Shares and Share Capital
Tubacex’s share capital rises to 56.947.162,95 euros, fully subscribed and paid. It is divided into 126.549.251 shares of 0.45 Euros nominal value each, issued in a single series and represented by book entries, as authorized by article 51 of the Spanish Companies Act and in compliance with article 60 and related ones, as well as the provisions established in Act 24/1988 of 28 July, in Royal Decree 116/1992 of 14 February and other complementary legal provisions. All the shares are admitted to official trading in the Spanish Continuous Market.
The shares represent aliquots of the Share Capital and in the General Meetings each share equals one vote.
The Share Capital has not changed over the past five years.
| Year | NUMBER OF SHARES | SHARE CAPITAL (euros) |
|---|---|---|
| 2024 | 126.549.251 | 56.947.162,95 |
| 2023 | 126.549.251 | 56.947.162,95 |
| 2022 | 128.978.782 | 58.040.451,90 |
| 2021 | 128.978.782 | 58.040.451,90 |
| 2020 | 132.978.782 | 59.840.451,90 |
| 2019 | 132.978.782 | 59.840.451,90 |
3. Dividends
| Date of payment | Ex – dividend date | Gross amount (Eur/share) | Concept | Type |
|---|---|---|---|---|
| 04/07/2024 | 02/07/2024 | 0,0956 | Interim dividend out of 2023 results | Ordinary |
| 07/06/2023 | 02/06/2023 | 0,0659 | Interim dividend out of 2022 results | Ordinary |
| 06/03/2019 | 05/31/2019 | 0.0229 | Supplementary dividend out of 2018 results | Ordinary |
| 01/18/2019 | 01/16/2019 | 0.0229 | Interim dividend out of 2018 results | Ordinary |
4. Takeover Bids
There are no Takeover Bids.
5. Articles of Association
The changes in the Articles of Association approved in the last Stockholders’ General Meeting can be seen in the Previous Shareholders’ Meetings section of this Web page and in the text of the Articles of Association, which are also available in this Web page.
6 Participations and Treasury Stock
the Shareholders’ Annual Meeting, held on 14 June 2021, in its second calling, the Board of Directors was authorized, all in accordance with the article 146 and concordant terms of the Spanish Corporations Law, to proceed with the derivative acquisition of shares of “TUBACEX, S.A.” by the own “TUBACEX, S.A.” and its investees subsidiaries during the maximum term of 5 years, leaving without effects the agreement on the non executed matters adopted by the General Shareholders Meeting of May 27th 2017.
Such acquisitions shall be executed in the following conditions:
a) Modality: sale, swap, loan or transfer in payment or any other means allowed by Law.
b) Maximum number of shares to acquire, sum to the already owned by TUBACEX, S.A and its subsidiaries: until 10% of the subscribed capital.
c) Maximum and minimum prices: 15% above or below the closing price in the last market trading session, in all events adjusting to the regulations and uses of the Stock markets.
d) Term of authorization: five (5) years from the date of this agreement.
Authorize the Board of Directors to carry out the derivative acquisition of the shares of TUBACEX, S.A. in the terms exposed and for it to destine, totally or partially, the already acquired owned shares and those acquire by virtue of the previous authorization for the execution of the compensation systems that consist in or have as object the delivery of shares or rights of option over shares of TUBACEX, S.A. to the personnel, Senior Management and Directors that exercise their executive duties in accordance with the established in section 1.a) of article 146 of the Modified Text of the Spanish Corporations Law
7. Average Payment Period to Suppliers
Disclosures on the payment periods to suppliers. Additional Provision Three. Disclosure obligation provided for in Law 15/2010, of 5 July
Set forth below are the disclosures required by Additional Provision Three of Law 15/2010, of 5 July, applicable solely to the Group companies located in Spain:
The data presented in the previous table regarding payments to suppliers refers to those who, by their nature, are commercial creditors for debts owed to suppliers of goods and services. Accordingly, it includes data related to the item “Trade creditors and other accounts payable – Suppliers” within the current liabilities section of the balance sheet.
The Weighted Average Exceeded Payment Term (PMPE) has been calculated as the ratio where the numerator consists of the sum of the ratio of paid transactions multiplied by the total amount of payments made, plus the ratio of outstanding transactions multiplied by the total amount of outstanding payments. The denominator is the total amount of payments made and outstanding.
The ratio of paid transactions is calculated as the quotient where the numerator is the sum of the products of the amounts paid multiplied by the number of payment days (the difference between the calendar days elapsed from the end of the maximum legal payment term to the actual payment date), and the denominator is the total amount of payments made.
Similarly, the ratio of outstanding transactions is calculated as the quotient where the numerator is the sum of the products of the outstanding amounts multiplied by the number of outstanding payment days (the difference between the calendar days elapsed from the end of the maximum legal payment term to the closing date of the annual accounts), and the denominator is the total amount of outstanding payments.
Law 11/2013, dated July 26, establishes a maximum legal payment term of 30 days from its effective date, except in cases where a longer contractual period has been agreed upon, which in no case may exceed 60 days. The Tubacex Group has implemented measures to continue adjusting the average payment period to those established in the current legislation.
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