Amancio Ortega will receive 2,217 million this year for the historic dividend and Marta Ortega will maintain her salary of one million

• Results Inditex breaks records in the first year of Marta Ortega and achieves a profit of 4,130 million

The founder and first shareholder of Inditex

euros this year

as dividends from the company, above the 1,718 million euros he received for this concept last year.

In total, the company will reward its shareholders this year with more than 3,730 million euros,

up to 1.2 euros per share.

Specifically, Inditex's dividend policy consists of an ordinary 'payout' of 60% of the profit and the additional distribution of extraordinary dividends.

For the 2022 financial year, the board of directors will propose to the general shareholders' meeting a 29% increase in the dividend up to 1.2 euros per share, made up of an ordinary dividend of 0.796 euros and an extraordinary dividend of 0.404 euros per share.

The dividend is made up of two equal payments: on May 2, 2023 a payment of 0.60 euros per share, corresponding to the ordinary dividend and on November 2, 2023 a payment of 0.60 euros per share (0.196 ordinary euros plus 0.404 euros extraordinary), according to Europa Press.

The founder of Inditex, who

equivalent to a package of 1,848 million shares, invests part of the dividends he receives from Inditex in the real estate sector.

Marta Ortega's salary

The non-executive president of the Spanish textile multinational Inditex,

will maintain for the year 2023 the same salary accrued in 2022, which amounts to

according to the latest report on remuneration in the group.

Marta Ortega will receive a fixed annual amount of 900,000 euros and an additional 100,000 euros as a member of the Board of Directors.

Regarding the remuneration of the CEO,

will not change either

, to which is added for the year 2022 a short-term variable of 3.75 million (125 % of the "target") and another in the long term of 1.035 million, which add up to a total of almost 7 million without including the gross profit of its shares (1.44 million).

Regarding the remuneration for the former executive president

the report details that he has received or will accrue the sum of almost

euros for the 2022 academic year (February 1 to March 31), an amount that includes the compensation of almost 23 million.

To this amount are added almost 10 million received by Isla on account of the 2021 financial year, apart from the bonus for the remuneration system based on shares or financial instruments (1,417 million) and savings systems.

The Inditex Board of Directors approved, at its meeting on March 14 and for the years 2024, 2025 and 2026, a new long-term incentive plan in cash and shares aimed at members of the management team, including executive directors, and other group employees.

The remuneration of executive directors is therefore made up of different remuneration elements that basically consist of a fixed remuneration, a short-term or annual variable remuneration and a long-term or multi-year variable remuneration.

A part of that long-term variable remuneration will be granted and delivered in shares.

In fact, the current CEO has assumed the commitment to retain, for a period of

that, if any, he receives derived from any element of variable remuneration, as long as he does not reach ownership of a number of shares equivalent to at least two annual payments of their fixed remuneration.

This report on remuneration will be submitted to the advisory vote of the next Inditex General Shareholders' Meeting, according to Efe.

The Inditex textile group earned 4,130 million euros in its last fiscal year (closed on January 31), which is 13.5% more than the record net profit it achieved in 2019, before the coronavirus pandemic broke out. the covid.

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