Ebro Foods S A : 2021.09.29 ENGLISH Plan retributivo acciones 2021 - septiembre 2021
September 29, 2021 at 11:42 am EDT
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TO THE NATIONAL SECURITIES MARKET COMMISSION
Madrid, 29 September 2021
Reference: Equity Remuneration Scheme 2021
In pursuance of section 227 of the Securities Market Act, Ebro Foods, S.A. ("Company") hereby notifies as
OTHER RELEVANT INFORMATION
that the Board of Directors of Ebro Foods, S.A., after a favourable report from the Nomination & Remuneration Committee, has approved the equity remuneration scheme 2021 (the "Scheme").
The Scheme is geared towards all the employees of the Spanish companies of Ebro Foods Group, including the mother company.
The Scheme aims to increase the employees' participation in the shareholding of the Ebro Foods Group, giving them the possibility of receiving part of their annual variable and/or fixed remuneration, as the case may be, in the form of Ebro Foods shares.
Participation in the Scheme is voluntary. The maximum amount of fixed and/or variable remuneration that may be paid in the form of Ebro Foods shares is 12,000 euro/year for each employee.
The specific number of shares to be received by each employee who decides to join the Scheme will be the result of dividing the amount of remuneration decided by the employee in question, within the maximum limit, by the closing price of the Ebro Foods shares on the date in which they are to be transferred to the employee. It is estimated that such transfer will take place in the first week of December 2021.
The shares to be delivered to employees will be treasury shares. To this effect, the General Shareholders Meeting of Ebro Foods, S.A. held on 29 July 2020 authorized the Board of Directors to buy back shares in the company. The Company will thus acquire such number of shares as may be necessary to meet the requests to join the Scheme at the market price prevailing at the date of purchase and will keep them in its treasury stock until they are to be delivered to the beneficiaries of the Scheme. Both the amount to be set aside to buy the shares and the number of shares to be bought back for delivery to employees will depend on employees' requests to join the Scheme. Such requests should be submitted before 15 November 2021.
Yours faithfully,
Luis Peña Pazos
Secretary of the Board
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Ebro Foods SA published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 15:41:08 UTC.
Ebro Foods SA is a Spain-based company primarily engaged in the food industry. The Company's product portfolio includes rice, pasta, cereals and diet products, legumes, as well as organic food, among others. The Company is also involved in the production of soft drinks, pharmaceutical products, animal feeds and biofuels. It markets its products under a variety of brands, such as SOS, Brillante, La Cigala, La Fallera, Saludaes, American Beauty, San Giorgio, 3 Glocken, Skinner, Geovita and Vegetalia, among others. The Company operates through numerous subsidiaries, such as Herba Ricemills SL, Herba Nutricion SL, Panzani SAS, Dosbio 2010 SL, Riviana Foods Inc, Ebro Foods Alimentacion SA, Azucarera Energias SA, Pastificio Lucio Garofalo SpA and Roland Monterrat SA.
EBRO FOODS, S.A. 
