| 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 participations and treasury stockSubstantial participations at last year's closing are listed in Corporate Governance Report (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 "Participaciones significativas y Autocartera".