Share capital and dividends policy
The Bank’s share capital is fully subscribed and paid up and is represented by eighty-one million two hundred and fifty thousand shares with a nominal value of one euro each. The shares may be nominative or bearer, registered or not and reciprocally convertible.
Group CGD holds approximately 99,8% of CaixaBI's share capital.
In share capital increases paid up in cash, shareholders will be given preference rights in subscribing for new shares in proportion to those they already hold unless otherwise decided by the Shareholders’ General Meeting, within the limits imposed by law.
The Board of Directors may increase the Bank’s share capital on one or more occasions in the form of cash payments, until the share capital reaches the total maximum amount of two hundred and fifty million euros.
Under the terms of the Articles of Association of CaixaBI, the Shareholders’ General Meeting shall deliberate on the distribution of the profit for the year, without being subject to any compulsory minimum limit. The Board of Directors, with the consent of the Supervisory Board, may decide to issue interim dividends to shareholders, as permitted by law.
