Preferred securities 2005 - Naturgy - Shareholders and investors

Preferred securities 2005

UNION FENOSA PREFERENTES, S.A.U. made an offer to purchase the preferred securities issued on 30 June 2005.
Issuer Unión Fenosa Preferentes, S.A.U. (Sole Shareholder Company)
Guarantor Naturgy Energy Group, S.A.
Amount €750 million (*)
Nominal value: €50,000 for each preferred security
Dividends Subject to existence of distributable profits:
Up to 10th year: Euribor at 3 months + 0.65 %
From 10th year: Euribor at 3 months + 1.65 %
Payment in kind If distributable profits are available and shareholders are not paid an ordinary dividend, the Issuer may choose to pay the remuneration by means of an increase in the nominal value of the Preferred Securities.
Conversion From 30 June 2015, the issuer may either fully or partially redeem the preferred securities issued early.
Prices: Luxembourg Stock Exchange

  (*) At present €110.3 million outstanding

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