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7
Describe the differences which arise with respect to the system established under the Spanish
Companies Law.
Reinforced majority other than
that established in article 201.2
of the Spanish Companies Law
for matters regulated under
article 194.1 of the Spanish
Companies Law
Other cases of reinforced
majority
% established by the
entity to adopt
resolutions
-
-
Describe the differences
-
B.3
Indicate the regulations governing changes in the company's Articles of Association. In particular,
the majorities envisaged to amend the Articles of Association and, where appropriate, the
regulations foreseen to protect the rights of shareholders in the amendment of the Articles of
Association will be notified
.
Changing the company’s Articles of Association is the exclusive competency of the General
Shareholders’ Meeting (article 16.6 of the company's Articles of Association), governed by the
Spanish Companies Law, with no specialisation.
The following requirements are established by Law:
−
That the directors, or, when appropriate, the shareholders who drafted the proposal,
prepare a written report justifying such proposal.
−
That the scope of the changes that must be made are clearly explained at the General
Shareholders’ Meeting.
−
That in the announcement of the General Meeting, all shareholders are notified of their
right to examine the entire wording of the proposed change at the Company's registered
offices, as well as the report on such change, and to request the handing over or free
delivery of said documents.
−
That the resolution be adopted at the General Shareholders’ Meeting, in accordance with
articles 194 and 201 of the Spanish Companies Law.
In all cases, the resolution will be recorded in a public deed that will be filed in the Mercantile
Register, and it will be published, once filed, in the Official Bulletin of the Mercantile Register.
B.4
Provide attendance data on the Shareholders' Meetings held during the year to which this report
refers, and that of the preceding year's meetings:
Attendance data
Date of GSM
%
shareholders
present
% attending by
proxy
% voting remotely
Total
E-voting
Others
23/04/2014
0.04
71.07
0.00
14.20
85.31
B.5
Indicate whether any restrictions exist in the Articles of Association establishing a minimum
number of shares required to be able to attend the Shareholders' Meeting:
Yes X No
No. of shares required to attend the Shareholders' Meeting
400
B.6
Indicate whether it has been resolved that certain decisions leading to a structural modification
of the company (“subsidiarisation”, purchase and sale of essential operating assets, operations