IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 86. Plans functioning The Company does not have any share or share option scheme. 87. Option rights granted to acquire shares (stock options) where the beneficiaries are company employees No share options have been allocated to workers or employees of the Company. 88. Control mechanisms in any system of employee participation in the capital Not applicable. E. RELATED PARTY TRANSACTIONS I. Control procedures and mechanisms 89. Mechanisms implemented by the Company for purposes of moni- toring of transactions with related parties (for this purpose refers to the concept resulting from IAS 24). The Board of Directors and the Statutory Audit Committee have ap- proved the internal procedure in relation to transactions with related parties under the terms of law no. 50/2020 which, as of August 26, made the conditions for the control and disclosure of these transactions mandatory. The criteria applicable to its intervention for the purpose of prior as- sessment of the business to be carried out between the company and holders of qualified participation or entities that are related to them under the terms of Article 20 of the Portuguese Securities Code, having set a qualifying criterion as a value of the transaction equal to or greater than two point five percent of the consolidated net assets of Ibersol SGPS, SA. 90. Statement of the transactions that were subject to control in the reference year A business with a related party was carried out in the amount of 128,760.00 Euros. 265