| Share capital | % |
|---|---|
| Free float | 80% |
| SEPI | 20% |
Share capitalThe share capital of the Company is 270,540,000 euros, represented by 135,270,000 bearer shares, totally subscribed and disbursed, with a nominal value of 2 euros. There have been no subsequent variations in the share capital of the Company.
Shares have been quoted in the four Spanish Stock Exchange Markets since 7 July 1999, after the process for the Intial Public Offering of its Common Stock was carried out.
All the shares are of the same class and series and confer the same rights to their holders.
Significant share capital and Treasury sharesShareholder share capital and treasury shares at the closing of the last fiscal year are outlined in the Corporate Governance Report (Second Part - Section A - Ownership Structure). Subsequent variations are notified to the "Comisión Nacional del Mercado de Valores (CNMV)" and can be consulted on their website [ www.cnmv.es 
] in the section Red Eléctrica in the CNMV via the link "Participaciones significativas y Autocartera" (Significant share capital and Treasury shares).
Red Eléctrica's Board of Directors Regulations can be consulted in the section dealing with Shareholders > Corporate Governance > Rules of Governance.
The shareholder share capital of each director has been reported to the CNMV [ www.cnmv.es ] and can be reviewed on its website in the section Red Eléctrica in the CNMV via the link "Participaciones significativas y Autocartera" (Significant share capital and Treasury shares).
Treasury stockTreasury stock at last year's closing are listed in Corporate Governance Report, in Chapter A.
Any later changes are notified to the Comisión Nacional del Mercado de Valores (CNMV) and can be checked at its web site [ www.cnmv.es ], where you can find it in the Red Eléctrica section in CNMV by the link.
Shareholders agreements "At the closing date of the 2008 fiscal year, there is no record in the Company of any shareholder agreements or covenants requiring concerted exercise of their voting rights, or of a common policy in company management, with the aim of significantly influencing the Company." (Chapter A. of the Corporate Governance Report 2008, available in Spanish)