Annual Report 2010 - CMVM

Corporate Governance Report 2010III.9. Description of the policy on the distribution of dividends adopted by the company, identifying, namely, the value ofthe dividend per share distributed over the last three financial years.The Company´s policy is to prioritise the reinforcement of the company's equity, while at the same time ensuring a continued and balanceddistribution of dividends.During 2009, the net value of the dividend distributed was EUR 0.01 per share.For 2010, the Board of Directors proposed the distribution of dividends of EUR 0.015 per share.III.10. Description of the main characteristics of the plans to attribute shares and of the plans to attribute share purchaseoptions which have been adopted or were in force during the financial year in question, namely, justification for theadoption of the plan, category and number of beneficiaries of the plan, conditions of attribution, clauses on the inabilityto dispose of shares, criteria relative to the price of the shares and price for the exercise of options, period during whichthe options can be exercised, characteristics of the shares to be attributed, existence of incentives for the acquisition ofshares and/or exercise of options and competence of the management board to implement or modify the plan.Indication of:a) The number of shares required for the exercise of the attributed options and of the number of shares required for theexercise of options which can be exercised, with reference to the beginning and end of the year;b) The number of options attributed, able to be exercised and extinguished during the year;c) The assessment at the general meeting of the characteristics of the plans which were adopted or were in force duringthe financial year in question.As described in I.17, there are no plans relative to the attribution of shares or attribution of options for the acquisition of shares. Some yearsago, and in relation to TD-EC, depending on the circumstances and economic environment, there were reference shareholders who provided acertain number of shares to be assigned to the staff members of this Company with defined periods of time and at specified prices. However,regarding TD,SA and relative to the year under consideration, there were no such operations.III.11. Description of the main elements of the businesses and operations carried out between, on the one hand, thecompany and, on the other hand, members of its management and supervisory bodies or companies in a controlling orgroup relationship with it, provided that they are significant in economic terms for any of the parties involved, exceptwith respect to businesses or operations which, cumulatively, are carried out under normal market conditions for similaroperations and are part of the current activity of the company.No businesses or operations with the characteristics described above were undertaken.125