The Extraordinary Shareholders' Meeting of Testa, Sacyr subsidiary, has ratified the appointment by cooptation of Fernando Lacadena Azpeitia as director and is re-elected for the statutory period of four years.
The council, the board of administration has expressly grateful to Daniel Loureda López dedication given to the company in the last seven years and has ratified Fernando Lacadena as CEO.
In addition, the Board has approved a new distribution agreement between the shareholders fund, by reducing the nominal value of the shares of 669.7 million euros and a distribution of an extraordinary dividend of 527.7 million euros, which should be developed simultaneously with the increase in equity of the company. For this extension, for a minimum amount of 300 million euros, the Board had delegated authority to the board to run in the time when market conditions allow targets to achieve satisfactory Testa and its shareholders.