IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 ers holding special rights, nor are there any control mechanisms in place under any potential employee share- holding system, to the extent that voting rights are not exercised directly by the employees. 3. Own shares. As at 31 December 2025, Ibersol, SGPS SA held 878,265 own shares, corresponding to approximately 2.1474% of the share capital, with a nominal value of one euro and an aggregate value of €8,679,675.79 (which would correspond to a percentage of 2.1945% of the voting rights) – having acquired 1,118,065 own shares in the 2025 financial year. In July 2025, in compliance with the resolution approved at the General Shareholders Meeting of 29 May 2025, the registration of the reduction of the Company’s share capital, by extinction of 615,692 own shares, with the share capital being reduced to € 40,899,126, was carried out at the Commercial Registry Office. 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 enter into force, are amended or terminate in the event of a change of control of the company following a public take- over bid, nor to those 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 which may be liable to prejudice the economic interest in the transfer of the shares and the free assessment by the shareholders of the perfor- mance of the directors. Notwithstanding, in the franchise agreements of various international brands operated by the subsidiaries of Ibersol, SGPS S.A. there are requirements and conditions to be fulfilled prior to the disposal of shareholdings, issuance of equity instruments and/or change of control in those subsidiaries, as well as to the disposal of the business or of certain assets of those subsidiaries, which include, among others: the prior consent of the fran- chisors, information obligations and various transfer procedures, possible payment of charges or “fees”, as well 237