Share information

Amadeus IT Group S.A.'s shares are listed on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia since 29 April 2010, under the ticket symbol AMS.

Stock chart


Share capital

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.

 

Evolution of the share capital and nominal value of the shares
CONCEPT DATE AMOUNT SHARES INFO
Reduction in Capital*
(share amortization)
25.06.2015 87,594.44€ 8,759,444
of the same class
 
​​​​​​​​​​​​​​​​ 
Capital Increase
(against the share premium account by increasing the share's nominal value)
 
28.04.2010 4,028,237.55€ 447,581,950
of the same class
 
   
Reduction in Capital
(Redemption of Class B shares)
28.04.2010 447,581.95€ 447,581,950
of the same class
† 
Capital Increase 28.04.2010 3,006,130.78€

447,581,950
Class A shares

255,854,883
Class B shares

† 
Share Split 10 X 1
(from 0.01 Euros to 0.001 Euros applicable to Class A shares)
23.02.2010 2,923,403.50€

364,854,670
Class A shares

255,854,883
Class B shares

† 
  • * Registered with the Commercial Registry of Madrid, as of 4 August 2015 (Volume 33,708, Folio 9, Section 8, Sheet M-371.900, Entry 88).
  •  
  • † Prior to Amadeus IT Holding S.A.'s listing (now Amadeus IT Group S.A.).

Treasury stock

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.


Shareholder structure

Shareholder structure Amadeus IT Group S.A (September 30 ,2018)
Shareholder Nº of shares % share capital
Free Float (1) 433,600,460 98.81%
Treasury shares (2)  4,793,762 1.09%
Board Members 428,284 0.10%
Total 438,822,506 100.00%
  • (1) The following entities are included within the company’s free float, in accordance with the information shown by the official registries of the CNMV (the Spanish Securities Market Regulator) as of november 6, 2018 - excluding voting rights through financial instruments: MFS Investment Management (5.017% of direct voting rights), Capital Research and Management Company (5.020% of indirect voting rights), Blackrock Inc. (5.357% of indirect voting rights), Fidelity International Ltd. (1.988 of indirect voting rights), and Deutsche Bank AG (1.815% of direct voting rights).
  •  
  • (2) Political and economical rights of these shares are suspended to the extent they form part of the treasury stock

Dividends and dividend policy

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

 

Date of payment Concept Dividend per share* Total dividend*
Jun 29, 2018 2017 Complementary Dividend €0.655 230.5 M€
Jan 31, 2018 2017 Interim Dividend €0.48 210.1 M€
Jun 30, 2017 2016 Complementary Dividend €0.54 237.0 M€
Feb 1, 2017 2016 Interim Dividend €0.40 175.5 M€
Jul 28, 2016 2015 Complementary Dividend €0.435 190.9 M€
Jan 28, 2016 2015 Interim Dividend €0.34 149.2 M€
Jul 30, 2015 2014 Complementary Dividend €0.38 170.1 M€
Jan 30, 2015 2014 Interim Dividend €0.32 143.2 M€
Jul 29, 2014 2013 Complementary Dividend €0.325 146.3 M€
Jan 31, 2014 2013 Interim Dividend €0.30 133.4 M€
Jul 30, 2013 2012 Complementary Dividend €0.25 111.9 M€
Jan 30, 2013 2012 Interim Dividend €0.25 111.9 M€

Latest dividend approved

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.



Analyst coverage

Institution Analyst E-mail
Ahorro Corporación Rafael Cavanillas rcavanillas@ahorro.com
Alantra Equities Alvaro Lenze alenze@alantraequities.com
Alphavalue Helene Coumes h.coumes@alphavalue.eu
Bankinter Jesús Amador Castrillo jamadorca@bankinter.com
Barclays Gerardus Vos gerardus.vos@barclayscapital.com
Berenberg Georgios Kertsos georgios.kertsos@berenberg.com
BBVA Ivon Leal ivon.leal@bbva.com
BofA Merrill Lynch John King john.p.king@baml.com
BPI -La Caixa Guilherme Sampaio guilherme.macedo.sampaio@bpi.pt
Citi Marc Van't Sant marc.vantsant@citi.com
Davy Ross Harvey ross.harvey@davy.ie
Deutsche Bank Alex Tout alex.tout@db.com
Equita Gianmarco Bonacina g.bonacina@equitasim.it
Exane BNP Paribas Alexandre Faure alexandre.faure@exanebnpparibas.com
Evercore ISI David Togut david.togut@evercoreisi.com
Fidentiis Alberto Sánchez alb@fidentiis.com
Goldman Sachs Suhasini Varanasi suhasini.varanasi@gs.com
GVC Gaesko Beka Eduardo García Argüelles eduardo.garciaarguelles@gvcgaesco.es
HSBC Antonin Baudry antonin.baudry@hsbc.com
Intermoney Elena Fernández elenafernandez@grupocimd.com
JP Morgan Cazenove Stacy Pollard stacy.pollard@jpmorgan.com
Kepler Cheuvreux Mariano Miguel Hidalgo mhidalgo@keplercheuvreux.com
Link Securities Iñigo Isardo inigo.isardo@linksecurities.com
Mirabaud Ignacio Méndez ignacio.mendez@mirabaud.es
Morgan Stanley Adam Wood adam.wood@morganstanley.com
Oddo Securities Yan Derocles yderocles@oddo.fr
Redburn Neil Steer neil.steer@redburn.com
Renta4 Ivan San Felix isanfelix@renta4.es
Banco Santander  Carlos J.  Treviño cjtrevio@gruposantander.com
UBS Michael Briest michael.briest@ubs.com
  • * 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.