1. Ownership structure
Share capital
As at 31 January 2016, Inditex’s share capital amounts to EUR 93,499,560 and is divided into 3,116,652,000 shares.
All shares are of the same class and series, and are represented by the book-entry method and fully paid-up and subscribed. All of them carry the same voting and economic rights.
Market capitalization
Inditex has been listed on the different Spanish Stock Exchanges since 23 May 2001 and has been part of the selective Ibex 35 since July 2001. In addition, it has been part of the Eurotoxx 600 since September 2001, of the selective Morgan Stanley Capital International index since November 2001, of the Dow Jones Sustainability Index since September 2002, of the FTSE4Good since October 2002 and of the FTSE ISS Corporate Governance index, since its launching in December 2004.
Ownership structure of the share capital
Inditex’s shares are represented by the book-entry method and no shareholders register is kept by the Company, as a result of which, the list of owners of shares in the company is not fully known.
As at 31 January 2016, members of the Board of Directors hold a 59.36% stake in Inditex’s share capital, as shown below:
| Indirect voting rights | ||||
|---|---|---|---|---|
| Name or Company name of the director | Number of direct voting rights | Direct owner of the stake | Number of voting rights | % on aggregate voting rights |
| Mr Pablo Isla Álvarez de Tejera | 1,805,320 | 0 | 0.058% | |
| Mr Amancio Ortega Gaona | 0 | 1,848,000,315 | 59.294% | |
| Mr José Arnau Sierra | 30,000 | 0 | 0.001% | |
| PONTEGADEA INVERSIONES, S.L. | 1,558,637,990 | 0 | 50,010% | |
| Ms Irene Ruth Miller | 66,200 | 0 | 0.002% | |
| Mr José Luis Durán Schulz | 0 | 0 | 0% | |
| Mr Rodrigo Echenique Gordillo | 0 | 0 | 0% | |
| Mr Carlos Espinosa de los Monteros Bernaldo de Quirós | 150,000 | 0 | 0.005% | |
| Mr Emilio Saracho Rodríguez de Torres | 0 | 0 | 0% | |
In addition to directors, according to the information provided at CNMV’s web site (www.cnmv.es) the following entities were owners of significant holdings in the Company:
- PPartler 2006, S.L. (owner of 289,362,325 shares, representing 9.284% in the share capital) and
- Rosp Corunna Participaciones Empresariales, S.L.U. (owner of 157,474,030 shares, representing 5.053 % in the share capital).
Rights on shares
Mr Pablo Isla Álvarez de Tejera, the Chairman and Chief Executive Officer, might acquire up to a maximum number of 252,180 shares (representing up to 0.008% in the share capital) as a result of the first performance cycle of the Long Term Performance Shares Plan addressed to members of management and other key employees of the Inditex Group, pursuant to the terms of the Long Term Performance Shares Plan which was approved by the Annual General Meeting of Shareholders held on 16 July 2013 (the full text of this resolution is available at www.inditex.com).
Para-social agreements
Inditex has not received any notice regarding the existence of any para-social agreements in respect of voting rights in annual general meetings, or which may limit the free transfer of shares, nor has it learned about any concerted actions between its shareholders.
Own shares
The authorization granted by the Annual General Meeting of Shareholders of the Company on 16 July 2013 remains in force, by virtue of which the Board of Directors is authorized to acquire the Company’s own share (the full text of this resolution is available at www.inditex.com). Consequently, as at 31 January 2016, Inditex’s entire treasury stock stands at 3,500,000 own shares, which represents 0.112% in the share capital.