1 | Year in review 2 | PRISA, a global group 3 | Commitments and future challenges 4 | Sustainability at PRISA 5 | Appendix
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Shareholders may attend the General Meeting
or confer their representation to another person,
granting them the right to exercise their vote.
The Investor Relations Department strives to maintain
and improve the flow of communication with
shareholders, investors and financial markets,
and endeavors to increase the transparency of
all information provided. This objective has been
even more important during 2017, in light of the
following circumstances:
• A recovery in macroeconomic conditions in
Spain, against a backdrop of political uncertainty.
• Uneven performance of Latin American currencies
in those countries where the Company
operates.
• Negotiations to reach an agreement to refinance
the company’s debt.
• Strategic review process evaluating different
alternatives available to the Group.
• Various changes to the Group’s consolidation
perimeter.
• Early Conversion of mandatorily convertible
bonds into PRISA shares.
• Announcement of capital increase.
• Changes to the composition of the Board of
Directors and to management .
The abovementioned factors mean it is crucial to
provide greater levels of attention to shareholders
and investors, both debt and equity, and, consequently,
greater efforts by the Investor Relations
department.
As well as contact with shareholders, investors
and financial markets, the department has sought
to provide all the necessary information to financial
analysts covering the company so that they can
conduct a correct analysis of Grupo PRISA.
ANNUAL GENERAL MEETING
OF SHAREHOLDERS
With regard to the Annual General Meeting of Shareholders
of the Company, the Board of Directors
is committed to encouraging the informed and
responsible participation of all shareholders, and
to take all appropriate measures and safeguards
to enable the General Meeting to effectively exercise
its functions, as stipulated by law and the Company’s
corporate governance rules.
In the period between the notice to convene the
Meeting and until it is held, the Shareholder Services
Office will inform shareholders about the
various procedures that are available to them so
that they may exercise the rights to which they are
entitled under the rules governing Shareholders’
Meetings (especially the right to information, voting
and representation).
The Annual General Meeting takes place during
the first half of the year and gives the Executive
Chair of the Company and its CEO the opportunity
to explain the annual financial results of the
Company and to review the business situation and
market that the Group faces.
Additionally, in specific cases, PRISA may organize
Extraordinary General Meetings to discuss specific
issues which need the approval of the shareholders
of the Company.