• Changes Marcelino Fernández Verdes leaves his position as CEO of ACS

ACS

has called for next May 7, on second call, its ordinary general meeting of shareholders, in which it plans to approve a

capital increase for a maximum of 574 million euros

, as well as the appointments of Carmen Fernández Rozado and José Eladio Seco Domínguez as independent directors.

As reported on Monday by the group chaired by Florentino Pérez to the

National Securities Market Commission

(CNMV), the capital increase will be carried out through the issuance and circulation of new shares, with a nominal value of 0.5 euros each. , of the same class and series as those currently in circulation.

The capital increase is carried out entirely

with a charge to reserves

, without an issue premium, and the new shares will be

allocated free of charge to shareholders

.

The company has explained that the capital increase may be executed by the board of directors on one or two different dates.

The dates on which the capital increase is expected to be executed will be, in the case of the first execution, within three months from the date of the meeting and, in the event of a second execution, no later than the end of the first quarter of 2022, thus coinciding with the dates on which ACS has traditionally been distributing the complementary dividend and the interim dividend.

The maximum amount foreseen in the first execution of the capital increase will be a maximum of 426 million euros, while the value of the second execution, if carried out, may not exceed 148 million euros.

The sum of both may not exceed 574 million euros in any case.

According to the criteria of The Trust Project

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