IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 3. Own shares. On 31 December 2024, Ibersol, SGPS SA. held 375,882 own shares, cor- responding to around 0.905% of the share capital, with a nominal value of one euro and a total value of 2,696,711.39 euros (which would correspond to a percentage of 0.905% of voting rights) - having acquired 743,151 own shares in 2024. 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. Without prejudice to what is stated below, the Company is not a party to any significant agreements that come into force, are altered or ter- minate in the event of a change of control of the company following a takeover bid, nor that determine payments or the assumption of costs by the Company in the event of a change of control or a change in the composition of the management body and that appear likely to jeop- ardise the economic interest in the transfer of shares and the free as- sessment by shareholders of the performance of the directors. Nevertheless, the franchise agreements for several international brands operated by the subsidiaries of Ibersol, SGPS S.A. include requirements and conditions to be met prior to the disposal of shareholding, issue of capital instruments and/or change of control in said subsidiaries, as well as the sale of the business or certain assets of those subsidiaries, which include, among others: the prior agreement of the franchisors, informa- tion obligations and several transfer procedures, possible payment of charges or fees, as well as the right of first refusal in favour of the fran- chisors. Franchise agreements for some international brands provide for the possibility of termination in the event of a change of control of Iber- sol, SGPS S.A. without the franchisor’s prior agreement. In certain periods, there may be some financing contracts for Ibersol, SGPS S.A. and its subsidiaries for which the respective creditors have the possibility of considering the debt due in the event of a change in the situation of shareholder control. As at 31 December 2024, there were 5 million euros in financing under these conditions, corresponding to 28,0479% of the total amount of financing of Ibersol, SGPS S.A. and its subsidiaries as at that date. There are no agreements between the company and members of the management body or employees pro- 241