Indra plummets almost 14% on the stock market after changes in its board

Indra's shares plummeted almost 14% around 9:30 a.m. after the Sociedad Estatal de Participaciones Industriales (SEPI), SAPA Placencia and Amber Capital turned Indra's board upside down after appointing Jokin Aperribay as proprietary director for the Basque group and promote the dismissal of four independent directors at yesterday's shareholders' meeting.

Specifically, the company's titles, which began the session with a drop of more than 7%, were down 13.82% at 9:25 am, until trading at a price of 8.73 euros.

strategic company

Indra.

The Government deceived the independent directors to be able to kick them out later by surprise

• Drafting: CARLOS SEGOVIA Madrid

The Government deceived the independent directors to be able to kick them out later by surprise

Q&A

Overturn in the Council of Indra: why is this company key for the Government?

• Drafting: DIEGO G. CAMPORROMadrid

Overturn in the Council of Indra: why is this company key for the Government?

A representative of

, which has just over 4% of Indra and is the largest shareholder of Prisa, made a request during the interventions to introduce an item off the agenda of the meeting with the aim of

.

Likewise, the re-election of Isabel Torremocha, also an independent, did not go ahead, leaving the newly appointed Francisco Javier García Sanz and Silvia Iranzo as the only independents.

Aperribay, a member of the founding family of SAPA Placencia, has received 53.1% of the votes

to be a director, despite having a report against the Remuneration Committee.

A percentage practically identical to that of shareholders who have supported the dismissals.

Together with Aperribay,

this executive, all with votes above 90% of the shareholders, have renewed their mandate as directors.

The board resulting from the meeting is made up of two independent directors, three proprietary directors, the president of the company, Marc Murtra, as another external director, Abril and Ignacio Mataix as executive directors, Guillermo Guerra as secretary and Fabiola Gallego as deputy secretary of the board.

These should soon be joined by Juan Moscoso, who will be the third director of SEPI after the public holding company has exceeded 25% of the capital, which allows it to choose a new representative.

With this meeting,

that was unleashed with the replacement last year of Fernando Abril Martorell is considered closed due to the intention of the public entity to start a

Conforms to The Trust Project criteria

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