TENDAM RETAIL, S.A.
ANNOUNCEMENT OF DIVIDEND DISTRIBUTION
Pursuant to the provisions of article 93.d of the Spanish Companies Act, notice is hereby given that on 22 July 2024, the Ordinary General Meeting of Shareholders of Tendam Retail, S.A. (the “Company”), approved:
- The ratification of the interim dividend approved by the Board of Directors at its meeting held on February 28, 2024, for an amount of fifty-five million two hundred and ninety-six thousand three hundred and eleven euros and forty-five cents (55,296,311.45€); and
- The payment of an ordinary complementary dividend against the profit of the year ended February 29, 2024, in cash, for the difference up to the total distributable profit; that is, for a maximum total gross amount of thirty million six hundred and thirty-three thousand eight hundred and thirty-three euros and eighty-six cents (30,633,833.86€) (the “Complementary Dividend”), at 0.01971678 gross euros per outstanding share of the Company (considering that the share capital of the Company at the date of this resolution is divided into a total of 1,553,693,550 shares of 0.055 euros par value each).
The amount of the Complementary Dividend corresponding to treasury stock held by the Company as of the payment date, if applicable, shall be attributed proportionally to the remaining shares outstanding.
The gross amounts payable shall be subject to any withholding tax required by the regulations in effect at any given time.
Payment of the Complementary Dividend will be made in a single payment through Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), which has been designated by the Company to act as paying agent (the “Agent Bank”), as from July 24, 2024.
The Agent Bank will pay each of the depositary banks where the Company’s shares are held the total amount payable to all shareholders whose shares are deposited with each of them, via bank transfer. Each depositary bank will subsequently credit each of the shareholders who has their Company shares deposited with said bank for the individual amount corresponding to the number of shares held by each shareholder as a dividend payment.
Shareholders whose shares are not deposited with the Agent Bank or another depositary bank must attend the Company’s registered office within two (2) months of July 22, 2024, to request payment via personal cheque of the amount corresponding to the number of shares held, upon accreditation of ownership (in the form of multiple registered shares coupons, public deeds, sale certificates or another form of accreditation) or of identity (provided the shareholder is registered in the Company’s Shareholder Register).
Any amounts which, for any reason, cannot be paid to the shareholders within the deadlines and in accordance with the procedures stipulated, shall be held and made available for payment to shareholders in an account held in the Company’s name with the Agent Bank.
In Madrid, on July 23, 2023. The Non-Director Secretary to the Company’s Board of Directors, Ms. María del Mar Oña López.
