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Corporate Government1. The Company’s Shareholding Structure

1. The Company’s Shareholding Structure

Significant Shareholdings

The share capital of Abengoa, S.A. is composed of 90,469,680 shares with a par value of 0.25 Euros each, all of the same class and series; i.e. 22,617,420 Euros of share capital. All shares are admitted for official trading on the Madrid and Barcelona Stock Exchanges, as well as the Spanish Stock Exchange Interconnection System (Continuous Market) since November 29, 1996.

Date of last modification Share capital (Eur) Number of shares
Jun 24, 2001 22,617,420 90,469,680

According to the information received by the Company (List of Shareholders on the date of the last General Meeting of Shareholders released by Iberclear and notice of significant shareholding), current significant shareholdings are as follows:

NIF or CIF Shareholder Number of direct shares Number of indirect shares % s of share capital
A41105511 Corporate Inv 45,234,723 5,465,183 56.04
A41037797 Finarpisa 5,465,183 (*) -- 6.04
Participation of the Members of the Board of Directors

According to the register of significant shareholdings maintained by the Company in compliance with the Internal Regulations of Conduct for matters related to Securities Exchange, the percentage of ownership of share capital by Company directors up to now is as follows:

  Number of direct shares Number of indirect shares % of share capital
Mr. Felipe Benjumea Llorente 0 814,111 0.899
Mr. Javier Benjumea Llorente 1,960 0 0.002
Mr. José Joaquín Abaurre Llorente 1,900 0 0.0021
Mr. José Luis Aya Abaurre 55,076 0 0.061
Aplicaciones Digitales S.L. 930,750 0 1.039
Mrs. Alicia Velarde Valiente 400 0 0.0004
Mr. Daniel Villalba Vilá 13,430 0 0.014
Mr. Carlos Sebastián Gascón 12,000 0 0.013
Ms. Mercedes Gracia Díez 500 0 0.0005
Ms. Mª Teresa Benjumea Llorente 12,390 0 0.013
Mr. Ignacio Solís Guardiola 25,336 0 0.0280
Mr. Fernando Solís Martínez-campos 50,832 34,440 0.092
Mr. Carlos Sundheim Losada 47,027 0 0.051
Mr. Miguel A. Jiménez-Velasco Mazarío 27,040 0 0.029
Mr. Miguel Martín Fernández 1,600 0 0.0017
Shareholder Agreements

The Company has no evidence of the existence of any kind of shareholder agreement or legal syndication agreement among its shareholders.

Self-portfolio

To date, the Company does not maintain its own shares in a self-portfolio, nor has acquired any of its own shares.

2. Administrative Structure of the Company

Board of Directors: Composition
  • Mr. Felipe Benjumea Llorente; Executive Chairman.
  • Prof. José B. Terceiro -in rep. of Aplicaciones Digitales S.L.; Executive Vice-Chairman. Coordinating Officer.
  • Mr José Joaquín Abaurre Llorente; Director.
  • Mr. José Luis Aya Abaurre; Director.
  • Ms. Mª Teresa Benjumea Llorente; Director.
  • Mr. Javier Benjumea Llorente; Director.
  • Prof. Mercedes Gracia Díez; Director.
  • Mr. Miguel Martín Fernández; Director.
  • Prof. Carlos Sebastián Gascón; Director.
  • Mr. Ignacio Solís Guardiola; Director.
  • Mr. Fernando Solís Martínez-Campos; Director.
  • Mr. Carlos Sundheim Losada; Director.
  • Mrs. Alicia Velarde Valiente; Director.
  • Prof. Daniel Villalba Vilá; Director.
  • Mr. Miguel Ángel Jiménez-Velasco Mazarío; Director. Secretary.
Board of Director: Office Typology (*).
  • Mr. Felipe Benjumea Llorente; Internal.
  • Prof. José B. Terceiro; Internal.
  • Mr. José Joaquín Abaurre Llorente Dominion; External.
  • Mr. José Luis Aya Abaurre Dominion; External.
  • Ms. Mª Teresa Benjumea Llorente Dominion; External.
  • Mr. Javier Benjumea Llorente; Dominion.
  • Prof. Mercedes Gracia Díez Independent; External.
  • Mr. Miguel Martín Fernández Independent; External.
  • Prof. Carlos Sebastián Gascón Independent; External.
  • Mr. Ignacio Solís Guardiola Dominion; External.
  • Mr. Fernando Solís Martínez-Campos Dominion; External.
  • Mr. Carlos Sundheim Losada Dominion; External.
  • Mrs. Alicia Velarde Valiente; Independent; External.
  • Prof. Daniel Villalba Vilá Independent; External.
  • Mr. Miguel Ángel Jiménez-Velasco Mazarío External; Secretary of the Board.

(*) Internal officer: an officer with executive functions who at the same time is or represents a significant shareholder. Dominion officer: an officer with significant shareholding, or who has been designated by a shareholder. Independent officer: designated in view of his or her personal or professional conditions, an officer who carries out his or her function without being conditioned by relationships with the Company, its significant shareholders or officers and proposed specifically by the Appointments Committee.

Audit Committee
  • Chairman
    Prof. Daniel Villalba Vilá
  • Directors
    Mr. José Joaquín Abaurre Llorente
    Prof. José B. Terceiro
    Prof. Mercedes Gracia Díez
    Mr. Miguel Martín Fernández
  • Secretary
    Mr. Miguel Ángel Jiménez-Velasco Mazarío
Appointments and Remuneration Committee
  • Chairman
    Prof. Carlos Sebastian Gascón
  • Directors
    Mr. José Luis Aya Abaurre
    Prof. José B. Terceiro
    Mrs. Alicia Velarde Valiente
    Prof. Daniel Villaba Vilá
  • Secretary non-Officer  
    Mr. José Marcos Romero
Strategy Committee

Comprising the Chief Executive Officer, the Executive Vice-Chairman, the presidents of the Business Groups, the Director of Organization, Quality and Budgets, the Engineering Vice-President, the Director of Human Resources, the Director of Strategy and Corporate Development, the Financial Director, the Director of Investor Relations, the Director of International Institutional Relationship and the General Secretary.

  • Chief Executive Officer. Felipe Benjumea Llorente.
  • Executive Vice-Chairman. José B. Terceiro. 
  • Bioenergy Business Group President. Javier Salgado Leirado.
  • Environmental Services Business Group President. Javier Molina Montes.
  • Information Technologies Business Group President. Manuel Sánchez Ortega.
  • Engineering and Industrial Construction and Latin America Business Group President. Alfonso González Domínguez.
  • Solar Business Group President; Strategy and Corporate Development President. Santiago Seage Medela.
  • Technical General Secretary. José Domínguez Abascal.
  • Human Resources Director. Álvaro Polo Guerrero.
  • Direct of Organization, Quality and Budgets. Luis Fernández Mateo.
  • Financial Director. Amando Sánchez Falcón.
  • Director of Investor Relations. Juan Carlos Jiménez Lora.
  • Assistant CEO. International Institutional Relations. Germán Bejarano García. 
  • General Secretary for Sustainability. Fernando Martínez Salcedo.
  • General Secretary. M.A. Jiménez-Velasco Mazarío.

3. Internal Regulations of Conduct in Matters Related to the Stock Market

Implemented in August of 1997. It is applied to all administrators, Strategy Committee members and to particular employees for reasons of the activity they conduct and the information to which they have access. It establishes the duties to safeguard information, secrets and relevant facts in their previous, decision and publication stages, with the procedure for maintaining internal and external confidentiality, a register of share ownership and stock transactions and conflicts of interest. The monitoring and supervising body is the General Secretary.

The Code of Professional Conduct

Implemented in fiscal year 2003 at the request of the Department of Human Resources, the Code of Professional Conduct, modified in 2005, with the aim of incorporating different common elements to the different companies that make up Abengoa, addressing their geographical, cultural and legal diversity, and includes basic values that should govern the actions of all Company employees, regardless of their position or level of responsibility. Integrity of conduct, strict observance of the law, professional rigor, protection of confidential information and quality of character are values that have formed part of Abengoa’s historical culture since its establishment in 1941 and continue to reflect the Company’s corporate identity.

Transactions with significant shareholders

There were no relevant transactions of this nature during fiscal year 2006.

» Rules for the Internal Regime regarding the Stock Exchange Market.

Information Tools. Web (www.abengoa.com)

The information available is continuously being updated; complete Annual Reports are available including final Corporate Governance Reports for preceding fiscal years.