At the Ordinary General Shareholders’ Meeting, the Parent Company’s directors will propose that the losses on the results for the financial year ended on 31 December 2020 be applied to the “Previous years’ losses” account to be offset in future financial years.
Furthermore, on 25 February 2020, the Board of Directors agreed the following proposal for application of the profit/loss (in thousands of Euros) for the financial year ended on 31 December 2019:
On 28 April 2020, in light of the Covid-19 situation, the Company’s Board of Directors agreed to withdraw the proposal that considered the distribution of a gross dividend of 0.15 euros per share. The Board Meeting also decided that, on the call of the Shareholders’ Meeting, it would prepare an alternative proposal adjusted to the new situation, making the statement of the auditor to which Article 40 6 bis of Royal Decree-Law 8/2020 refers available to shareholders. This was duly communicated as Privileged Information to the National Securities Market Commission on 28 April 2020 and registration number 194.
In light of the foregoing, the General Shareholders’ Meeting on 16 July 2020 approved, among other items, the new proposal detailed below:
