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Repsol on the stock exchange Treasury stock

Treasury stock

Company treasury stock

As of the 2014 Annual General Meeting, we are authorized to buy back own shares up to a maximum of 10%.

Purchase of Repsol shares

Following the Annual General Meeting held on March 28th, 2014, the Board of Directors is authorized for the derivative acquisition of Repsol shares by purchase, exchange, or any other transaction for valuable consideration, directly or through controlled companies.  This applies to a maximum number of shares which, added to those already held by Repsol and its subsidiaries, does not exceed 10% of the company's share capital and for a price or equivalent value that may not be lower than the par value of the shares nor exceed the quoted price on the stock market.

This authorization is valid for five years, from the date of the Annual General Meeting, rendering null and void the authorization agreed upon at the Annual General Meeting held on April 30th, 2010.

For more information, please go to the following link containing information that exists in the public records of the Spanish National Securities Exchange Commission (CNMV) on the treasury stock held by the company.

Capital increase

The percentage of treasury stock that we have at the end of 2015 is 1.252%. This figure has been calculated calculated bearing in mind the shares that were issued in the free-of-charge capital increase, as part of the Repsol Flexible Dividend shareholder remuneration program, entered in the Mercantile Registry on January 12th, 2016. As a consequence of said capital increase, the company received the proportional amount of new shares, corresponding to the shares held as treasury stock before the increase.
 
Number of direct shares Number of indirect shares Total % of share capital
23,634 18,023,772 1.252%