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Sacyr formalizes the novation of a derivative contract on its own shares

MADRID, 2 Sep.

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Sacyr formalizes the novation of a derivative contract on its own shares

MADRID, 2 Sep. (EUROPA PRESS) -

Sacyr has formalized the novation of a derivative contract on its own shares executed with a credit institution on October 8, 2021 by signing the corresponding confirmation, as reported by the company to the National Securities Market Commission (CNMV).

Specifically, the novation affects the tranche of five million ordinary shares of Sacyr subject to a 'forward', with an initial reference price of 2.20 euros, adjustable based on the final execution price with an average maturity of one year from the execution date.

The novation gives Sacyr the possibility of choosing the settlement method (physical or by differences) for the reference tranche.

Keywords:
SacyrCNMV