IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 3. Own shares. At 31 st December 2022 Ibersol SGPS SA. held 3.640.423 of its own shares, corresponding to near 7,914% of the share capital, with a nominal value of one euro per share, at an overall acquisition cost of 11.410.226,58 euros (which would correspond to a percentage of about 7,914% of voting rigths) – having acquired 40.442 own shares during the year of 2022. 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 company 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 performance of di- rectors. 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 favour 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 SGPS, S.A. without the franchisor’s prior consent. There are some financing arrangements to Ibersol SGPS, S.A. and its sub- sidiaries providing creditors the right accelerate / deem due the debt if there is a change of shareholder control. On 31 December 2022, there were no financings under these conditions. There are no agreements between the company and the members of the management body or workers that provide for compensation in the event of a resignation of the worker, dis- missal without just cause or termination of the employment relationship following a takeover bid. 279