Share information

The share capital of Amadeus IT Group S.A. (former Amadeus IT Holding, S.A.) is 4,388,225.06 Euros, represented by 438,822,506 shares of 0.01 Euros of nominal value each, corresponding to a single class. The number of voting rights is equivalent to the number of shares. 

The share capital is completely subscribed and paid in.

The shares of Amadeus IT Group S.A. (former Amadeus IT Holding, S.A.) are listed on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia, and are traded through the Automated Quotation System (Continuous Market). As from 1st January 2011, the shares of Amadeus IT Group S.A. (former Amadeus IT Holding, S.A.) are part of the Spanish selective index IBEX 35.

The shares are represented by book entries. The accounting record is kept by the Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A. (Iberclear) and its associate entities.

There are no option plans in place for Amadeus' employees which may have a dilution effect on shares.

As of September 30, 2018 the company holds 4,793,762 treasury shares of 0.01 Euros nominal value representing 1.09% of the share capital.

The Shareholders' General Meeting held on the 21 June 2018, authorized the Board of Directors to acquire treasury shares up to a maximum of 10% of the share capital, for a term of 5 years as of the date of the aforementioned Shareholders' General Meeting’s resolution. In compliance with article 146.1, paragraph 3, point a) of the Capital Companies Law, the treasury shares shall be transferred, amortized or applied to remuneration systems.

On December 14, 2017 The Board of Directors has agreed to undertake a Share Buy-back Programme in accordance with the authorization granted by the Ordinary General Shareholders’ Meeting held on 20 June 2013, (replaced by the agreement on June 21, 2018)

The Buy-back Programme will be carried out in accordance with the provisions of the Commission Delegated Regulation (EU) 2016/1052 of 8 of March, in order to reduce the share capital of the Company through the redemption of shares, subject to the prior agreement to be granted by the Ordinary General Shareholders’ Meeting to take place after the closing of each of the respective tranches of the Programme.

The maximum investment of the Buy-back Programme will be €1,000 million and under no circumstances shall the number of shares to be acquired under the Programme exceed 25,000,000 shares, representing 5.69% of the share capital of the Company.

Maximum execution period: 27 months (from January 1, 2018 to March 31, 2020), without considering potential suspension periods. Execution of the Buy-back Programme: Two tranches

- Tranch 1: Up to €500 million (non-cancellable), 15 months term (from January 1, 2018 to March 31, 2019), with a compulsory minimum purchase period of 9 months.

- Tranch 2: Up to €500 million (cancellable if the circumstances so required, at Company’s discretion), 12 months term (from April 1, 2019 to March 31, 2020) with a compulsory minimum purchase period of 9 months.

Notwithstanding the above, Amadeus reserves the right to terminate the Buy-back Programme if, prior to its expiration date, has acquired thereunder shares for a purchase price that reached the maximum investment price or has acquired the maximum number of shares under the Programme. An irrevocable mandate to purchase shares will be granted to the financial entity acting as agent on behalf of the Company for the execution of the Buy-back Programme and it will make its purchasing decisions independently and without influence from Amadeus.

According to the Relevant Fact issued on December 27, 2017 the execution of the Share buy-back programme will be conducted by Crédit Agricole Corporate and Investment Bank, acting as agent on behalf of the company.

Following the TravelClick's acquisition, on October 25 it was announced that the Amadeus Board of Directors had agreed to cancel the second tranche (cancellable) of the sahre repurchase program.

The Company will be issuing periodically Relevant Facts with information on the evolution of the programme, to access that information please check on the CNMV section of this website.

The company has announced that on December 6 ,2018 the maximum investment provided for the Share buy-back programme (€500 million) has been reached and therefore the programme is terminated. During the process 7,554,070 shares have been acquired, representing 1,721% of share capital.

The Board of Amadeus IT Holding, S.A. (currently Amadeus IT Group S.A.), in the meeting held on October 18, 2012, reviewed the dividend policy of the Company, increasing the proposed pay-out ratio to between 40% and 50% of the consolidated profit (excluding extraordinary items), compared to the previous policy, fixed in 2010, which consisted of a pay-out ratio of between 30% and 40%. The new dividend policy, applicable to the period of 2012 and onwards, also establishes the payment of an interim dividend related to the results of each financial period. On December 14, 2017, the Board of Directors of Amadeus IT Group S.A. (formerly Amadeus IT Holding, S.A) has resolved to extend the current dividend policy to the period of 2017.

The amount of future dividends and the dividend policy will depend on a number of factors, including earnings, financial condition, debt service obligations, cash requirements, prospects or market conditions. The amount of dividends is proposed by our Board of Directors and agreed by the shareholders at the Shareholders' General Meetings

2017 Dividend

On December 14, 2017, the Board of Directors of the Company proposed a 50% pay-out target ratio for the year 2017 (the maximum percentage applicable within the approved 40% to 50% pay-out range). Accordingly, the Board of Directors has approved the distribution of an interim gross dividend from the profit for the fiscal year 2017 of a fixed amount of €0.48 per share. The payment of the interim dividend was made effective on January 31, 2018 (payment date) through the member entities of the Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A., (IBERCLEAR), with Banco Bilbao Vizcaya Argentaria acting as paying agent, ex-date January 29, 2018.

On June 21, 2018 the Annual Shareholder 's Meeting approved a final gross dividend of € 1.135 per share from the profit for the fiscal year 2017. After the payment of the gross interim dividend mentioned above, there was still remaining a complementary gross dividend of € 0.655 per share, which was made effective on June 29, 2018 (payment date) through the member entities of the Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A., (IBERCLEAR), with Banco Bilbao Vizcaya Argentaria acting as paying agent, ex-date July 27, 2018.

• * Disclaimer: Amadeus IT Group, S.A. is covered by the analysts at the brokerage firms listed above. This list may not be exhaustive and may be subject to changes. It is important to clarify that any information, estimates, forecasts, opinions, conclusions or recommendations related to Amadeus IT Group, S.A.'s performance provided by these analysts are independent and do not represent those made by Amadeus IT Group, S.A. or its management. Under no circumstance whatsoever shall it be understood or implied that by the above mentioned reference to the list of analysts or the distribution of the information, estimates, forecasts, opinions, conclusions or recommendations made by the analysts, Amadeus IT Group, S.A. endorses or is in concurrence or agreement with any of them.