Sabas Shareholders Meeting gives the go-ahead to the creation of its Board of Directors

The Extraordinary General Meeting of Saba Infraestructuras has approved modifications to its management system, replacing the companys two Joint and Several Directors with a Board of Directors comprising 13 members. In its first meeting, held after the Shareholders Meeting, the Board of Directors has approved the appointments of Salvador Alemany as the companys President, Pedro del Corro as Vice-President and Josep Martínez Vila as CEO. Saba Infraestructuras shareholders comprise Criteria CaixaHolding as the reference shareholder (55.8%), Torreal (20%), KKR (12.5%) and ProA Capital (10.5%), together with 3,500 minority shareholders (1.2%).

The Extraordinary General Shareholders Meeting of Saba Infraestructuras (Saba), held today in Barcelona, has approved changes to the companys management system, which include replacing the current system of Joint and Several Directors with the appointment of a Board of Directors. Saba, created after the abertis groups business restructuring process in 2011, will thus adapt its governance structure once the new shareholders have been admitted.

In order to implement this modification to the companys governing bodies, Sabas Shareholders Meeting has approved the replacement of the current Joint and Several Directors, Salvador Alemany and Josep Maria Coronas, with a Board of Directors.

Sabas Board of Directors comprises 13 members: Salvador Alemany; Pedro del Corro, on behalf of Nueva Compañia de Inversiones, S.A.; Josep Martínez Vila; Cristian Abelló, on behalf of Miralver Spi, S.L.; José Manuel Basáñez; Bernardino Díaz-Andreu, on behalf of Viana Spe, S.L.; Fernando Elío, on behalf of Ruhrheim, S.L.; Gonzalo Gortázar; Maria Dolores Llobet; Jesús Olmos; Fernando Ortiz, on behalf of ProA Capital de Inversiones, S.G.E.C.R., S.A.; Luis Rullán and Josep Vilarasau.

In its first meeting, held after the Shareholders Meeting, Sabas Board of Directors has approved the following appointments: Salvador Alemany as President of Saba; Pedro del Corro as Vice-President; Josep Martínez Vila as CEO; José Manuel Martín as Secretary; and Carlota Masdeu as Vice-Secretary. It also approved the creation of an Executive Committee, comprising five members: Salvador Alemany (President), Bernardino Díaz-Andreu (Vice-President), Gonzalo Gortázar, Josep Martínez Vila, and Fernando Ortiz.

Other Resolutions of the Extraordinary General Meeting

The Shareholders Meeting has approved authorisation for the Board of Directors for the derivative acquisition of treasury shares up to the maximum permitted by law. The Shareholders Meeting has also approved the appointment of PricewaterhouseCoopers as the accounts auditor for the Company and its Group. Amongst the agreements approved today at the meeting are the creation of a corporate website, and delegation to the Board of Directors of the power to resolve to increase share capital in one or more phases by up to 10% over a maximum period that does not exceed the date of Sabas 2012 Ordinary General Meeting.

Saba is a leading operator in the field of car park and logistics park management. It is present in six countries, with an average workforce of nearly 1,400 people. Its experience of managing car parks through Saba Aparcamientos goes back to 1966, and it has been managing logistics parks through Saba Parques Logísticos since 1999. The company aims to become a listed company within five years, given optimum market conditions.

Sabas shareholders include Criteria CaixaHolding (55.8%), as the reference shareholder, Torreal (20%), KKR (12.5%) and ProA Capital (10.5%), together with 3,500 minority shareholders (1.2%).