The meeting, which will be held on April 25, will also vote on a dividend of more than 83 million euros
The board of directors of Prosegur will vote at its ordinary general meeting of shareholders, which is expected to be held on April 25, on first call, on a long-term incentive plan for the CEO, Christian Gut Revoredo, and executives of the group, valued at 5.4 million euros, based on current market prices.
Of the total package of shares destined for the ‘Long-Term Incentive Plan 2024-2025’ (‘ILP 2024’), which amounts to a maximum of 2,952,857 ordinary shares of 0.06 euros in nominal value, representing 0.54 % of the current share capital, up to a maximum of 1,440,000 ordinary shares may be allocated to the CEO, as stated in the agenda of the meeting sent to the National Securities Market Commission (CNMV).
Thus, the security company will put this incentive plan to a vote, valued in total at 5.4 million euros, of which up to 2.6 million euros will go to Christian Gut Revoredo.
The ‘ILP 2024’, as Prosegur has highlighted, covers the years 2024 and 2025, marked as the reference performance period, both included, and the payment dates “will be those that correspond according to each of the three possible Models”.
Thus, these three models refer to the delivery of the shares to the CEO, which will be carried out, if applicable, once the corresponding auditor’s report on the group’s consolidated accounts corresponding to the year 2025 has been issued, during the years 2026 and 2027. , as well as payment through the delivery of company shares and in cash.
In addition to the CEO, the incentive plan will be allocated to Prosegur executives “who are selected by the board of directors, with powers of subdelegation, at the proposal of the sustainability, corporate governance, appointments and remuneration committee.”
For its part, the security company will also vote at its meeting on the distribution of a dividend charged to reserves, at a rate of 0.1523 gross euros per share, which rises to a total amount of more than 83 million euros.
The proposed agreement provides for this dividend to be paid in a single payment, in cash, during the month of December 2024, through the entities participating in the Securities Registration, Compensation and Settlement Systems Management Company (Iberclear ).
However, the maximum total amount to be distributed is 83,007,591.69 euros, at a rate of 0.1523 gross euros per share outstanding on the payment date.
Considering that the share capital of the company at the date of this agreement is divided into a total of 545,026,866 shares of 0.06 euros of nominal value each, if modified, the gross amount per share on each date of Payment will be adjusted accordingly.
APPOINTS THE FORMER VICE-PRESIDENT OF PROSEGUR CASH ANOTHER EXTERNAL DIRECTOR
Prosegur will also vote on the appointment of Pedro Guerrero Guerrero as another external director, who resigned on February 26 as a proprietary director of Prosegur Cash and, consequently, from his position as vice president of the board of directors and his position as member of the sustainability commission. corporate governance, appointments and remuneration.
In addition to personal reasons, Guerrero argued as the reason for his resignation “being able to take on other professional activities.”
Therefore, Prosegur Cash will vote at its general meeting of shareholders, scheduled for April 24 on first call, and will take into account the resignation presented by Guerrero, with effect from the end of this meeting.
From the eleven points raised on the agenda for the next Prosegur meeting, it is also clear that the firm will re-elect Fernando Vives Ruiz and Rodrigo Ignacio Zulueta Galilea as independent directors, while voting on the annual report on the remuneration of the directors of the financial year 2023 and their remuneration policy.
The company will approve the reclassification of an amount of 865,173.29 euros recorded in the balance sheet as ‘legal reserve’ to ‘voluntary reserves’, with the aim of placing the legal reserve at 20% of the figure of Prosegur’s share capital, the pair that will vote on the annual accounts and the individual and consolidated management report of the company and its dependent companies, corresponding to the financial year 2023.
Prosegur obtained a consolidated net profit of 66 million euros in 2023, 1.3% higher than the previous year, when it earned 65 million euros.
PROSEGUR CASH WILL APPROVE A PLAN VALUED AT MORE THAN 4.3
The board of directors of Prosegur Cash, for its part, will vote at its general meeting of shareholders, scheduled for April 24 on first call, a long-term incentive plan for the executive president, the CEO and executives of the group, valued at 4.3 million euros according to current market prices.
Of the total package of shares destined for the ‘Long-Term Incentive Plan 2024-2025’ (‘ILP 2024’), which amounts to a maximum of 8,920,853 ordinary shares of 0.02 euros par value, representing 0.6008 % of the current share capital, up to a maximum of 6,709,314 ordinary shares may be allocated to the CEO, José Antonio Lasanta Luri, and the executive president, Christian Gut Revoredo, as reported by the company this Friday to the National Securities Market Commission (CNMV).
Thus, Prosegur Cash will put this incentive plan to a vote, valued at a total of 4.3 million euros, of which up to 3.27 million will go to Lasanta Luri and Gut Revoredo.
The meeting will also vote on setting the number of members of the board of directors at ten, the appointment of Bárbara Gut Revoredo as proprietary director, and the appointment of Juan Cocci as external director.
Specifically, Bárbara Gut Revoredo, who joins the board of Prosegur Cash, is the daughter of businesswoman Helena Revoredo, the majority shareholder and president of Prosegur, who launched a partial takeover bid for Prosegur, through by Gubel.
Finally, Prosegur Cash will put to a vote the distribution of a dividend charged to voluntary reserves at a rate of 0.0404 gross euros per share, which represents a maximum total dividend of almost 60 million euros.