FIRST ITEM OF THE AGENDA
Proposal, discussion, and, if applicable, approval of the maximum amount of funds that may be used to purchase the Companys own shares (or
securities representing such shares) for an amount of up to US$50,000,000.00 in the 2024 fiscal year, and to use the remainder if any, for the same purposes in the 2025 fiscal year, in terms of the provisions of Article 56 Section IV of the LMV.
Below is an excerpt of the resolution adopted at the Ordinary General Meeting in connection with the first item of the Agenda:
1.- To take note of the Chairmans report to the Meeting regarding the existence of accumulated profit sufficient to create the
share repurchase fund for the 2024 fiscal year.
2.- Considering that the accumulated profit of the Company as of
December 31, 2023 amount to US$100,284,000.00, it is hereby approved to allocate the amount of US$50,000,000.00 as the maximum amount of funds that can be used for the purchase of the Companys own shares (or securities
representing such shares) for the 2024 fiscal year, in terms of the provisions of Article 56 Section IV of the LMV, (the Maximum Repurchase Amount 2024), as the same may be increased or modified by any subsequent
shareholders meeting, provided that any portion of the Maximum Repurchase Amount 2024 that is not used within the 2024 fiscal year may be used to purchase the Companys own shares (or securities representing such
shares) during the 2025 fiscal year, and provided, further, that the maximum amount that may be used for the repurchase fund during the 2025 fiscal year may be increased or modified by any subsequent
shareholders meeting.
With respect to the first item of the Agenda, the shareholders representatives announced the proxy
vote with respect to the 64,831,065 shares present and represented at the Ordinary General Meeting, and the vote tally resulted as follows: (i) affirmative vote of 64,816,220 shares, (ii) dissenting vote of 6,920 shares, and
(iii) abstention of 7,925 shares.