Key Developments: Repsol SA (REP.MC)

REP.MC on Madrid SE C.A.T.S.

24 Oct 2014
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€-0.11 (-0.63%)
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Latest Key Developments (Source: Significant Developments)

Repsol updates on script dividend
Sunday, 6 Jul 2014 08:00pm EDT 

Repsol SA:Reports end, on July 4, of trading period of free-of-charge allocation rights corresponding to paid up capital increase implementing Repsol Flexible Dividend shareholders remuneration program.Holders of 75.84 percent of free-of-charge allocation rights (total of 1,004,498,391 rights) opted to receive new shares of Repsol.Final number of shares of one euro par value issued in capital increase is 25,756,369, where nominal amount of increase is 25,756,369 euros, representing increase of about 1.94 percent of share capital of Repsol before capital increase.Holders of 24.16 percent of free-of-charge allocation rights accepted irrevocable commitment to purchase rights taken by Repsol.Repsol acquired 320,017,594 rights for total amount of 155,208,533.09 euros.Repsol waived shares corresponding to free-of-charge allocation rights acquired by virtue of mentioned commitment.Capital increase was closed on July 7.Cash payment to shareholders who sold free-of-charge rights to Repsol will be made on July 9.  Full Article

Repsol updates on script dividend
Monday, 16 Jun 2014 11:48am EDT 

Repsol SA:Following resolutions approved on May 28 company CEO has agreed, on June 16, to execute capital increase under terms approved by annual shareholders meeting.Capital increase serves as instrument to implement shareholder-remuneration program named Repsol Flexible Dividend, in substitution of traditional payment of 2013 final dividend.Number of free-of-charge allocation rights needed to receive one new share is 39.Maximum number of new shares to be issued in capital increase is 33,961,949, resulting from formula approved by annual shareholder meeting of Repsol.Face value amount of capital increase is 33,961,949 euros.Guaranteed fixed price of Repsol purchase commitment of rights is 0.485 euro gross per right.Rights trading period begins on June 19.Deadline for requesting payment in cash on June 27.Payment date to shareholders who have requested payment in cash on July 9.Estimated first ordinary trading session of new shares on Spanish stock exchanges on July 16.  Full Article

Eni, Repsol to invest $1 bln in Perla Field in Venezuela-DJ
Wednesday, 4 Jun 2014 03:41pm EDT 

Repsol SA:Eni SpA said it and Repsol would each invest $500 million to develop and exploit 17 trillion cubic feet in gas reserves at Perla field in Venezuela-Dow Jones.Both companies will each own 20 percent of joint venture set up to exploit field, with remaining 60 percent controlled by Petroleos de Venezuela SA.Perla field is expected to begin production by end of year, eventually reaching 1.2 billion cubic feet a day.  Full Article

Pemex sells Repsol stake at 20.10 euros per share-Reuters
Wednesday, 4 Jun 2014 04:01am EDT 

Repsol SA:Pemex has sold 7.86 percent stake in Repsol to private investors at 20.10 euros per share-Reuters.Pemex has raised total of 2.09 billion euros ($2.9 billion) with the sale.  Full Article

Pemex selling Repsol stake worth $3 bln-Reuters
Tuesday, 3 Jun 2014 05:13pm EDT 

Repsol SA:Pemex to sell 7.86 percent stake in Repsol, worth about 2.2 billion euros ($3.0 billion)-Reuters.Sale to be made via an accelerated book build.Through this sale Pemex to divest nearly all of its holding in Repsol.As a result of divestment, Pemex to lose its seat on Repsol board.  Full Article

Pemex initiates placement of 7.86 pct stake in Repsol
Tuesday, 3 Jun 2014 01:06pm EDT 

Repsol SA:Pemex initiates placement of 104,057,057 shares (7.86 percent stake) of Repsol among qualified investors.Citigroup Global Markets Limited and Deutsche Bank act as placement agents.Sale made via accelerated book build.  Full Article

Repsol gets environmental approval for Canary Islands exploration-DJ
Thursday, 29 May 2014 02:16pm EDT 

Repsol SA:Spain's Environment Ministry foresees no adverse impact from Repsol proposed exploration for oil and gas off coast of Canary Islands - DJ.Repsol is ready to begin exploring for oil in 2014 if this approval gets validated by court.  Full Article

Repsol gives further details on extraordinary dividend and Repsol flexible dividend
Wednesday, 28 May 2014 01:04pm EDT 

Repsol SA:Agrees to distribute extraordinary dividend of 1 euro per share from 2014 earnings.Dividend to be paid on June 6.Approves timetable for execution of paid-up capital increase.Capital increase approved by shareholders meeting in framework of Repsol flexible dividend” program in substitution of 2013 final dividend, to be implemented in June and July.  Full Article

Repsol to propose extraordinary dividend
Monday, 26 May 2014 03:03am EDT 

Repsol SA:Intends to submit to board for approval extraordinary dividend of 1 euro per share.  Full Article

Repsol completes sale of its Argentinean assets for $6.309 bln
Thursday, 22 May 2014 08:00pm EDT 

Repsol SA:Completes sale of its assets in Argentina with sale to JP Morgan Securities of remainder of BODEN 2015 securities that company still held.Securities with nominal value of $117.36 million were part of means of payments in compensation obtained for expropriation of 51 percent of YPF and YPF Gas.From sale of entire holding of Argentinean bonds, Repsol has obtained $4.9972 billion in compensation for expropriation.This extinguishes $5 billion debt recognised by Argentina.Repsol has sold 0.48% stake of YPF that it still owned following sale on May 7 of 11.86 percent of share capital of Argentinean company.Revenue from sale of 12.34 percent of YPF is $1.3113 billion.Combined effect of these transactions, including interest payments (accrued interest) represents total revenue of $6.3085 billion.  Full Article

UPDATE 1-Market Chatter-Corporate finance press digest - Oct 22

Oct 22 - The following corporate finance-related stories were reported by media:

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