Mecanica Del Vidrio cuts share capital, pays dividend

Spanish glassmaker Compania Espanola Para La Fabricacion Mecanica Del Vidrio said it intends to reduce capital to pay a EUR 6.01 per share dividend. After the reduction, the company“s share capital w…

Spanish glassmaker Compania Espanola Para La Fabricacion Mecanica Del Vidrio said it intends to reduce capital to pay a EUR 6.01 per share dividend. After the reduction, the company“s share capital will be around EUR 1.56 million, with shares having a nominal value of EUR 6.65 each. No comparative figures were given. The company didn“t say if the dividend payment was pretax or net. Dividend payments in Spain are subject to a 25% withholding tax. The payment date is still to be determined.