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Amber Capital (Oughourlian) reinforces its position in Indra to 7.23% and can enter the board

MADRID, 23 May.

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Amber Capital (Oughourlian) reinforces its position in Indra to 7.23% and can enter the board

MADRID, 23 May. (EUROPA PRESS) -

Amber Capital has doubled its stake in Indra, to 7.239%, a share package with which the investment fund founded by Joseph Oughourlian, Prisa's top shareholder, has the right to opt for a seat on the board of directors of the Spanish defense and technology firm.

According to the information sent by the investment fund to the National Securities Market Commission (CNMV), after this last operation it now has a share package of 12.78 million shares, whose current market value is around 150 million euros. (with the titles trading around 11.78 euros).

Specifically, the shareholding of Amber Capital is divided between the 6.231% owned by Amber Capital Investment Management ICAV - Amber Global Opportunities Fund, managed by Amber Capital UK LLP, and the percentage controlled by Amber Capital Italia SGR, which, being less than 3% is not required to notify the CNMV, and with which the fund reaches 7.239% in Indra.

In this way, Amber Capital accumulates a stake that gives it the possibility of entering the board of directors of Indra, which has a total of 14 seats. Thus, the fund led by Oughourlian obtains this right one month before the Indra shareholders' meeting, which will take place on June 30.

Currently, there is a free space on Indra's board of directors and only 13 of the 14 available seats are occupied after the resignation of Axel Arendt, who made the decision the same day the company decided to elect José Vicente de los Mozos to be the new CEO of the firm to replace Ignacio Mataix.

In this context, it should be noted that last September the Government authorized Amber Capital to increase its weight in Indra's capital to 9.9% of the company.

On the other hand, the Spanish company Escribano has recently acquired a 3% stake in Indra in an operation valued at around 65 million euros. In this sense, the company has expressed its interest in reaching 10% of Indra's capital with the aim of joining its board of directors.

Ratification of the decision of its board of directors to appoint José Vicente de los Mozos as the firm's new CEO, among other matters, is expected at Indra's ordinary shareholders' meeting.

Keywords:
Indra