IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 3. Own shares At 31 st December 2021 Ibersol, SGPS, S.A. held 3.599.981 of its own shares, corresponding to near 7,826% of the share capital, with a nominal value of one euro per share, at an overall acquisition cost of 11,180,516.02 euros (which would correspond to a percentage of about 7,826% of vote) – hav- ing not acquired or sold any own shares during the year of 2021. 4. Significant agreements to which the company is a party to and which become effective, are amended or terminate upon a change of control of the company following a takeover bid, and the effects thereof Notwithstanding the below mentioned, the company is not a party to any significant agreements that come into force, are amended or terminate in the event of a change of control of the company following a takeover bid, or that determine payments or the assumption of costs by the com- pany in the event of a change of control or change in the composition of the board of directors and which may affect the economic interest in the transfer of shares and the free assessment by shareholders of the perfor- mance of directors. Nevertheless, the franchise contracts of several international brands op- erated by Ibersol. SGPS, S.A.’s subsidiaries provide for requirements and conditions to be met prior to the transfer of equity interests, issue of equity instruments and/or change of control in those subsidiaries, as well as to the transfer of the business or certain assets of those subsidiaries, which include, among others: the prior consent of the franchisors, information obligations and several transfer procedures, possible payment of charges or fees, as well as the right of first refusal in favor of the franchisors. The franchise contracts in respect of certain international brands provide for the possibility of termination in the event of a change of control of Ibersol, 235