This is a shareholder remuneration mechanism that consists of paying the corresponding dividend to the shareholders entitled to it by delivering new shares instead of cash. These shares are issued through a bonus share capital increase (i.e.,charged to reserves, so the company does not have to obtain more money from the market or its shareholders) and these, in turn, increase the shareholder stake without any additional outlay. In order for the company to carry out this share capital increase charged to reserves, shareholders must authorise it by agreement of the General Meeting. Through this capital increase, each shareholder receives a subscription right for each share held. This subscription right can be exchanged for these shares or traded on the stock market.