AEDAS Homes, a benchmark residential developer in Spain, has reduced its share capital by 6.6% through the amortization of 3,106,537 own shares. After this action, the company's share capital stands at 43,700,000 shares, with a nominal value of €1 per share. The amortization was approved at the 2022/23 Annual General Meeting, held on 20 July, and was entered into the Mercantile Register on 11 October.
This amortization shows AEDAS Homes' firm commitment to maximizing shareholder returns through a remuneration policy that is stable over time and underpinned by the company's solid financial situation.
In the last two years, the company has allocated over €330 million to shareholder remuneration: €60 million coming from this recent amortization, over €250 million in dividend distributions since 2021, and a previous amortization carried out in 2021.
