Share price

ENCE’s shares are listed on the Spanish stock exchange and the continuous market since it was fully privatised in 2001. They are traded in the Ibex Medium Cap index. ENCE’s stock codes on Bloomberg and Reuters are ENC.SM and ENC.MC, respectively

Capital

The Company’s share capital comprises 246,272,500 shares with a par value of € 0.90 each. The Company’s shares are represented by the book-entry method, and all have the same voting and dividend rights.

 

1. Trend in share capital

2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Number of shares at the end of the year (in millions)
246,3
246,3
246,3
246,3
246,3
250,3
250,3
250,3
250,3
250,0
Nominal value (€/share)
0,90
0,90
0,90
0,90
0,90
0,90
0,90
0,90
0,90
0,90
Average number of shares (in millions)
246,3
246,3
246,3
246,3
247,6
250,3
250,3
250,3
250,3
254,5

2. Changes in share capital

Date
Transaction
Shares after transaction
Nominal Value
€ Share Capital
Apr-17
Redemption of own shares in treasury stock
246.272.500
0,9
221.645.250
Jul-12
Redemption of own shares in treasury stock
250.272.500
0,9
225.245.250
Mar-10
Capital Increase (10 new shares for 21 old shares)
258.012.890
0,9
232.211.601
Nov-07
Capital increase with exclusion of the pre-emptive subscription right
174.900.000
0,9
157.410.000
Apr-07
Split in par value 5x1
169.800.000
0,9
152.820.000
Nov-05
Capital increase (1 new for 3 old ones)
33.960.000
4,5
152.820.000
Oct-00
Capital increase by issuance of bonus shares (1 new for 5 old ones)
25.470.000
4,5
114.615.000
Until 2000
-
21.225.000
4,5
95.5120.500

Shareholding structure

Shareholder distribution as of December 2021 according to information sent to the CNMV, as well as the links to the section on significant holdings and treasury stock of the CNMV.

Significant Holdings and Own Shares (CNMV)

Voting right and financial instrument notices filed (CNMV)

 

 

 

Dividends

1. Dividend Policy

Below are the key characteristics of the dividend policy in effect since 2022:

Shareholder remuneration in each year will be determined by the cash available for distribution while ensuring an appropriate level of leverage of, by way of reference, 2.5 times EBITDA in the Pulp business and 5 times EBITDA in the Energy business, using mid-cycle prices and considering existing commitments and investment plans

In keeping with the criterion of prudence and in order to align remuneration with the Company’s actual cash generation, the following dividend payment schedule is proposed:

  • Two interim dividends agreed at the end of the second and third quarters of each year, i.e., in the months of July and October
  • A final dividend for submission at the Company’s Annual General Meeting within the first six months of the following year

 

2. Historical

The table below itemizes the dividends paid out by the Company in the last 10 years:

Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional Information
15/11/2022
11/11/2022
Interim Dividend
0,09
Cash Dividend 2022
12/08/2022
10/08/2022
Interim Dividend
0,13
Cash Dividend 2022
11/05/2022
9/05/2022
Interim Dividend
0,054
Cash Dividend 2022
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional Information
-
-
-
-
-
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional Information
19/09/2019
17/09/2019
Interim Dividend
0,051
Cash Dividend 2019
11/04/2019
09/04/2019
Final Dividend
0.054
Cash dividend 2018
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional information
18/12/2018
14/12/2018
Interim Dividend
0.105
Cash dividend 2018
12/09/2018
10/09/2018
Interim Dividend
0.104
Cash dividend 2018
12/04/2018
10/04/2018
Final Dividend
0.066
Cash dividend 2017
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional information
14/12/2017
12/12/2017
Interim Dividend
0.06
Cash dividend 2017
06/09/2017
01/09/2017
Interim Dividend
0,061
Cash dividend 2017
18/04/2017
12/04/2017
Final Dividend
0.0473
Cash dividend 2016
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional information
01/12/2016
29/11/2016
Interim Dividend
0.032
Cash dividend 2016
14/04/2016
14/04/2016
Final Dividend
0.100
Cash dividend 2015
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional information
07/10/2015
07/10/2015
Interim Dividend
0.044
Cash dividend 2015
08/05/2015
08/05/2015
Final Dividend
0,1
Charged against the share premium account
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional information
21/07/2014
21/07/2014
Special Dividend
1 x 32
Treasury stock
11/07/2014
11/07/2014
Final Dividend
0.08
0.03 cash dividend 2013 and 0.05 from unrestricted reserves
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional information
12/04/2013
03/04/2013
Special Dividend
1 x 25
Treasury stock
03/04/2013
03/04/2013
Final Dividend
0.07
Cash dividend 2012
Payment date
Ex-dividend date
Type
Gross amount (€/Share)
Additional information
17/08/2012
03/08/2012
Special Dividend
1×37
Treasury stock
18/05/2012
08/05/2012
Special Dividend
1 x 2
6 Treasury stock
08/05/2012
08/05/2012
Final Dividend
0.07
Cash dividend 2011