ACS Actividades de Construccion y Servicios : Increases and decreases of share capital
December 14, 2018 at 09:40 am
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ACS, Actividades de Construcción y Servicios, S.A.
Comisión Nacional del Mercado de Valores
Edison, 4
28006 MADRID
Madrid, 13 December 2018
Dear Sirs,
For the purpose established in section 82 of Law 24/1988, of 23 October 2015, regulating the Spanish Stock Market, and supplementary provisions, I hereby disclose to you the
following Significant Event:
In this day, the Board of Directors of ACS Actividades de Construcción y Servicios SA, and using the powers of delegation by agreement of the General Shareholders' Meeting of the company, held on May 8, 2018, under item 8 of the Agenda (Capital increase with a full charge to reserves and capital reduction to amortize own shares), and making use of the powers of delegation that are contained in such agreement, has agreed to delegate indistinctly in the Executive Committee, the Chairman of the Board of Directors and the Director-Secretary to perform as many acts as they deem convenient or necessary for the execution of what is contained in the aforementioned agreement, both as regards the so-called second execution of the capital increase and in what affects the possible reduction of capital, and for signing as many documents, public or private, they are precise or they consider opportune to the indicated ends.
ACS - Actividades de Construcción y Servicios SA published this content on 14 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 December 2018 09:39:07 UTC
ACS, Actividades de Construcción y Servicios, S.A. is one of Spain's leading construction groups. Net sales break down by activity as follows:
- construction of infrastructures and buildings (93.3%): civil engineering infrastructures (primarily highways, hydraulic constructions and railroads), non-residential and residential buildings;
- services (5.4%): cleaning, waste collection and treatment. Moreover, the group offers maintenance services of urban and industrial infrastructures, port and logistical services, and also social services and personal assistance services.
- industrial services (0.5%): development, construction, installation and maintenance of distribution networks of electricity, gas and water, industrial production systems, telecommunication networks, road traffic control systems, etc.;
- other (0.8%).
Net sales are distributed geographically as follows: Spain (9.4%), the United States (56.3%), Australia (20.2%), Canada (5.3%), Germany (2.4%) and others (6.4%).