Del Nido removed Del Nido’s voice

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He Seville celebrated the first Extraordinary General Meeting of Shareholders with José María del Nido Carrasco as president, where he openly confronted his father, José María del Nido Benavente, the applicant for said Meeting and the largest individual shareholder of the entity.

Apart from some personal conflicts, the Meeting went as expected. In all points of the agenda, the council denied, this time its own son as president, the right to vote to Del Nido Benavente, who requested burning points such as the prohibition of carrying out any credit operation of more than a million euros without the approval of the Board. All this, just five days after the council announced the signing of a credit of 108 million euros. Also, the same ban on carrying out any construction project for a new one Ramón Sánchez-Pizjuán.

Del Nido Carrasco took refuge article 7 of the Civil Code to prevent voting on the shares grouped according to the right of minorities made by his father in 2018 (and expiring in December 2024) to reject these points and also, as in other instances, the dismissal of the members of the Board of Directors.

Neither a proposal to change the laws for changing the remuneration regime of council members to a fixed rate and variable rate depending on sporting and economic goals.

Source: La Verdad

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