| participations | % |
|---|---|
| Free float | 80% |
| Sepi | 20% |
Share capitalRed Eléctrica's share capital stands at Euros 270,540,000 represented by 135,270,000 shares of 2 euros nominal value, all of the same class, and endowed with similar voting and financial rights.
Red Eléctrica shares are quoted in the four Spanish Stock Exchange Markets.
The share capital of the utility has not been changed, since it was offered to the public, in 1999.
Substantial participationsSubstantial participations at last year's closing are listed in Corporate Governance Report, in Charter 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 "Participaciones significativas y Autocartera".
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)