The Board of Directors of Línea Directa Aseguradora S.A. has been granted current and valid authorisation by the General Shareholders' Meeting for the derivative acquisition of shares issued by the Company, provided that the following conditions are met:
- The maximum number of shares to be acquired may not exceed one million, provided that all other applicable legal requirements can also be fulfilled.
- The price paid for the shares acquired may not exceed their quoted value on the stock exchange at time of acquisition, nor may it be less than 50% of their quoted price on the stock exchange at that time.
- The shares may be acquired by purchase and sale, by swap, or by other type of business transaction for onerous or gratuitous title, as deemed most advisable in light of the prevailing circumstances.
- This authorisation shall remain valid and effective for five (5) years from the date of the resolution, which was passed on 28 September 2020.
We also provide access to the detailed information found in the public records of the Spanish Securities Market Commission (CNMV) in relation to the treasury shares held by the Company.