ACS Actividades de Construcción y Servicios S A : Share buy-back , stabilisation and treasury stock programmes
January 24, 2022 at 01:34 pm EST
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ACS Actividades de Construcción y Servicios S.A. C.I.F. A28004885
Avenida de Pío XII, 102 28036 Madrid
ACS Actividades de Construcción y Servicios S.A. (ACS) announces that, today, it has agreed to modify the program for the repurchase of treasury shares (the "Repurchase Program") notified by Other Relevant Information on February 24, 2020 (with the Registration number of that CNMV 218), modified on May 25, 2020 (notified through Other Relevant Information and registered with that CNMV under number 2402), again modified on June 23, 2020, (notified through Other Relevant Information and registered with that CNMV under number 2953) new modified on August 14, 2020 (notified through Other Relevant Information and registered with that CNMV under number 4065) modified on July 27, 2021 (notified through Other Relevant Information and registered with the CNMV under number 10,879) and, finally, modified on November 11, 2021 (notified through Other Relevant Information and registered with the CNMV under number 12,721), taking note of the amortization agreement for 10,000,000 shares agreed by the Board of Directors on January 24, 2022, therefore returning to include in the Buy-Back Program the corresponding number of shares as a result of said redemption and maintaining the term until on July 31, 2022, so the sections so sections 2 and 4 of the Buy-Back Program they will be worded as follows:
2. Maximum number of shares and maximum investment:The maximum number of shares to be acquired under the Repurchase Program is set at 20,100,000 shares of ACS, representing 6.82%, approximately of the share capital of ACS as of the date of this communication. For its part, the maximum investment will be 603,000,000 euros.
4. Duration:The Repurchase Program will begin today, February 24, 2020, and will remain in effect until March 31, 2022. However, ACS reserves the right to end the Repurchase Program if, with prior to its effective date (that is, July 31, 2022), its purpose would have been fulfilled and, in particular, if ACS had acquired under it the maximum number of shares, or shares for an acquisition price that, in total, it reaches the maximum investment amount, or if any other circumstance that advises or demands it occurs. The interruption, termination or modification of the Repurchase Program, as well as the stock purchase operations carried out by virtue thereof, will be duly communicated to the National Securities Market Commission through the corresponding communication of other relevant information, with the periodicity provided in the Commission Delegated Regulation (EU) 2016/1052, of March 8, 2016.
ACS - Actividades de Construcción y Servicios SA published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 18:33:02 UTC.
ACS, Actividades de Construcción y Servicios, S.A. is one of Spain's leading construction groups. Net sales break down by activity as follows:
- construction of infrastructures and buildings (93.3%): civil engineering infrastructures (primarily highways, hydraulic constructions and railroads), non-residential and residential buildings;
- services (5.4%): cleaning, waste collection and treatment. Moreover, the group offers maintenance services of urban and industrial infrastructures, port and logistical services, and also social services and personal assistance services.
- industrial services (0.5%): development, construction, installation and maintenance of distribution networks of electricity, gas and water, industrial production systems, telecommunication networks, road traffic control systems, etc.;
- other (0.8%).
Net sales are distributed geographically as follows: Spain (9.4%), the United States (56.3%), Australia (20.2%), Canada (5.3%), Germany (2.4%) and others (6.4%).
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. 
