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Dia appoints Benjamin J. Babcock as a new proprietary director and calls a meeting for June 28

MADRID, May 25.

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Dia appoints Benjamin J. Babcock as a new proprietary director and calls a meeting for June 28

MADRID, May 25. (EUROPA PRESS) - The board of directors of Dia has agreed to appoint Benjamin J. Babcock by co-optation as a new proprietary director to fill the vacancy that exists after the resignation of Basola Vallés, as reported by the food group to the National Commission on Thursday of the Stock Market (CNMV).

The board of directors has assessed the "competence, experience and merits" of Babcock, proposed by the majority shareholder L1R Invest1 Holdings, after verifying and confirming his suitability for the exercise of the position, meeting the requirements of "commercial and professional honor and knowledge and appropriate experience to perform their functions as director of the company".

In this way, the board values ​​Babcock's contribution to the "proper functioning" of the body, since it will provide "very relevant knowledge and experience", in addition to the fact that it is not involved in any cause of incompatibility, prohibition or conflict of interest.

Following the favorable report of the Appointments and Remuneration Committee, the ratification of the appointment by co-optation and re-election of Mr. Benjamin J. Babcock as proprietary director for the statutory term of two years is proposed to the general shareholders' meeting.

In this way, the supermarket chain will submit to its general shareholders' meeting, convened for June 28, the ratification of this appointment, as well as the approval of the 2022 financial accounts and the management report of the board of directors.

The board will also address the re-election of Ernst

Dia closed 2022 with net sales of 7,286 million euros, 9.6% more than in 2021, while in Spain they stood at 4,436.2 million euros, 5.4% higher than the previous year.

Likewise, gross sales under the banner of the group totaled 8,900.4 million euros, representing an increase of 1.5%, while in Spain they increased by 6.3%, to 5,317 million euros.