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Applus Services (APPS) investor relations material

Applus Services EGM 2024 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Applus Services S.A.
EGM 2024 summary27 Aug, 2024

Opening remarks and agenda

  • Board of Directors requested a notary public to draft the minutes, ensuring compliance with legal requirements.

  • Meeting called by the Board on July 24, 2024, held exclusively by telematic means on August 27, 2024.

  • Announcement published on July 27, 2024, on official and company websites and in La Razon newspaper.

  • Procedures for virtual attendance, proxies, and electronic voting were made available online since July 27, 2024.

  • Quorum established with 54 shareholders representing 98% of shares, meeting legal requirements for first call.

Specific resolutions to be voted on

  • Approval of execution of proceeds loan agreements between Amber Finco Plc and the company.

  • Ratification of intercompany loan agreement for access to Amber Finco Plc revolving credit facility.

  • Approval of payment of accrued and unpaid interests to Amber Finco PLC in case of special mandatory redemption.

  • Authorization for the company and group entities to act as borrowers/guarantors under external financing and to refinance Atlas Group indebtedness.

  • Report on amendments to Board regulations (for information only, not voted).

  • Delegation of powers for formalization and execution of adopted resolutions.

Shareholder proposals specific to EGM

  • ManzanasPay, BITCO SL, holding 21.58% of shares, reserved the right to challenge decisions on opposed or abstained agenda points.

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Frequently asked questions

Applus Services, S.A., provides testing, inspection, and certification services. It offers internal and external inspection services for pipelines and tanks in the oil and gas industry; conducts non-destructive testing, such as radiography and ultrasonic testing; verification of pipeline geometry by means of MFL techniques; trenchless review; direction drilling diagnostics; welding variables measurement in real time; integrity options management through RIMS software tool; asset integrity management services in the petrochemical sector; industrial maintenance services for facilities; load test activities on cranes and lifting devices, among others. Applus Services, S.A. was founded in 1996 and is headquartered in Madrid, Spain.

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