IBERSOL | Integrated Management Report | 2025

CORPORATE GOVERNANCE REPORT b) Exercise of voting rights 12. Possible restrictions on voting rights. There are no provisions in the Articles of Association regarding restrictions on voting rights, namely such as limitations on the exercise of voting rights dependent on the ownership of a number or percentage of shares. Under article 21 of the Articles of Association, each share corresponds to one vote, and there are no categories of shareholders who are holders of special voting rights in said Articles, nor control mechanisms associated with any system of employee participation in the share capital, to the extent that the voting rights are not exercised directly by them. The Articles of Association likewise do not provide for deadlines for the exercise of voting rights that exceed or amend the deadlines legally established, nor for systems of segrega- tion of rights of a patrimonial nature. In accordance with article 23 of the Company’s Articles of Association, the General Shareholders’ Meeting may convene and validly resolve on first call provided that shareholders holding shares representing more than fifty per cent of the share capital are present or represented. Under article 21(1) and (2) of the Articles of Association, each share corresponds to one vote and resolutions at the General Shareholders’ Meeting shall be adopted by simple majority, unless the law requires a different majority. There are statutory rules on the exercise of voting rights by correspondence set out in article 22(3) to (11) of the Articles of Association, with express reference to voting by postal correspondence. The Articles of Asso- ciation do not provide for restrictions on voting by correspondence, whether by post or electronically. The Company provides information on the procedures necessary to exercise the right to vote by correspondence and makes the forms of ballot papers for voting by correspondence available on its website (www.ibersol.pt ). Postal votes may be received up to three days before the date of the General Shareholders’ Meeting, under article 22(4) of the Company’s Articles of Association. 244