Ferrovial started its shareholders meeting six minutes late at 12:36; This is a historic meeting for the company, where investors will decide whether to relocate the company’s headquarters to the Netherlands, meaning it will leave Spain after a 71-year hiatus. history in the country.
Chairman Rafael del Pino, the son of the company’s founder, opened the company’s final shareholder meeting expected to be held in Spain and thanked those present for their participation in the event.
Del Pino then gave way to Santiago Ortiz Vaamonde, secretary of the board of directors, who outlined the 13-point agenda. The tenth one that has attracted attention in the last month and a half.
This point relates to the approval of the intra-community cross-border merger between the Spanish company Ferrovial SA as the acquiree and Ferrovial International SE (last Dutch company) as the acquirer. The company’s goal with this measure is to be listed in its main market, the United States, and continue to expand its international presence.
This point is divided into two parts, the first of which deals with the approval of the merger, and the second where the acceptance and approval of the remuneration policy for the executives who will manage Ferrovial. merger
After the Secretary’s intervention, the president will deliver a speech, followed by another intervention from CEO Ignacio Madridejos, who this week responded to the Government with a letter demanding respect for shareholders. Shareholders who request can also intervene.
Finally, the results of each of the agenda items will be announced. For its approval, the absolute majority of the meeting quorum present and represented at the shareholders’ meeting is required.
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Meanwhile, the company continues its operations in Spain in a completely normal manner. In the last two weeks alone, Ferrovial has won at least five public contracts in Galicia, Extremadura, Andalusia and Castilla y León for close to 84m euros.
For the general illumination of Santiago de Compostela in the first district and for the work of the two social and health centers in Mérida and Plasencia in the second district. In Andalusia it will expand an AAT in Los Vados (Granada) and reform a residence for the elderly in Segovia.
Ferrovial’s main shareholder is chairman Rafael del Pino, who controls 20.4% of the capital, followed by his sister María del Pino (8.2%); The British TCI fund (6.4%), founded by British billionaire Christopher Hohn, ranked 273rd on the Forbes list of the world’s greatest fortunes; his other brother Leopoldo del Pino (4.1%) and BlackRock (3.18%) and Lazard (3%) funds.