Significant Shareholders
Information on Significant Shareholders
The following table provides details of significant direct and indirect shareholdings in the share capital of Iberdrola, S.A., as well as the financial instruments reported by the holders of these shareholdings in accordance with the provisions of Royal Decree 1362/2007 of 19 October [PDF] External link, opens in new window.. This information is based on communications made by the holders of these shareholdings to the official registers of the CNMV
External link, opens in new window. (the National Securities Market Commission) or to the company itself. Additionally, significant shareholdings are published at the end of each year in the company's Annual Corporate Governance Report [PDF] External link, opens in new window..
External link, opens in new window..
| Holder | Voting rights | Financial instruments | Total(%) | Directors | |
|---|---|---|---|---|---|
| Direct(%) | Indirect(%) | Voting rights to acquire in the event of exercise (%) | |||
| QATAR INVESTMENT AUTHORITY | 0.00 | 8.71 (1) | = | 8.71 | 0 |
| BLACKROCK, INC. | 0.00 | 6.49 (2) | 0.13 | 6.62 | 0 |
(1) Through:
| Direct holder of the shares held by Qatar Investment Authority | % Direct | % Indirect | % Total |
|---|---|---|---|
| QATAR HOLDING LLC | 6.28 | 0.00 | 6.28 |
| DIC HOLDING LLC | 2.43 | 0.00 | 2.43 |
| Direct holder of the shares held by BlackRock, Inc. | % Direct | % Indirect | % Total |
|---|---|---|---|
| BLACKROCK GROUP | 6.49 | 0.13 | 6.62 |
According to the laws of the United States of America, due to the businesses that Avangrid — a company belonging to the Iberdrola group — carries out in such country, the acquisition of an interest that gives rise to ownership of a percentage equal to or greater than 10% of the share capital of Iberdrola, S.A. may be subject to the prior approval of the Federal Energy Regulatory Commission and the regulatory authorities of the States in which Avangrid or any other company within the Iberdrola group carries out business activities in the United States of America, without prejudice to any other authorisations that might be required of such acquirer in the United States of America.
Specifically, the final order of the Public Service Commission of the State of New York issued on January 6, 2009, which contains the complete text of the authorisation for Iberdrola, S.A. to acquire Energy East (currently Avangrid), provides that — pursuant to Section 70 of the Public Service Law — any transfer or lease of all or part of a gas or electric corporation's franchise, works or system, or a contract for the operation of its works or system, or certain stake transfers that gives rise to the ownership of a percentage interest greater than 10% of the share capital of Iberdrola, S.A., shall require prior approval of such Commission. Additionally, under Maine law, an acquisition of 10% or more of a utility holding company's stock is considered a "reorganisation" and requires prior approval of the Maine Public Utilities Commission. Similarly, pursuant to the applicable laws of the states of Connecticut and Massachusetts, acquiring the control of Iberdrola, S.A. — as the controlling parent of public utilities in both states — will require the authorisation of the competent regulatory authorities.
Access the information of the Board of Directors' holdings by clicking on this link.