Powers of delegation. The Board of Directors is expressly empowered to delegate the powers referred to in this resolution, pursuant to section 249a of the Spanish Corporate Enterprises Act,. These conferred powers render without effect the others approved by the General Meeting of the Company held on 16 June 2016, in the undrawn amount.” ITEM FOURTEEN: Xxxxxx conferred on the Board of Directors, with powers to delegate, for a maximum period of five years, to issue fixed income securities (including, in particular, debentures, bonds and promissory notes) and preference shares for a maximum limit of one thousand five hundred million euros (EUR 1,500,000,000), or the equivalence in any other currency, and to guarantee the securities issued by other Sacyr, S.A. group companies. Revoking of previously conferred powers PROPOSED AGREEMENT: “Empower the Board of Directors to issue securities, in accordance with the general regime on the issuance of debt instruments and in accordance with the provisions of section 319 of the Spanish Commercial Registry Regulations, pursuant to the following conditions:
Powers of delegation. The Board of Directors is expressly empowered to delegate its powers referred to in this resolution, pursuant to section 249a of the Spanish Corporate Enterprises Act. These conferred powers render without effect the others approved by the General Meeting of the Company held on 16 June 2016, in the undrawn amount.” ITEM FIFTEEN: Powers conferred on the Board of Directors for the derivative acquisition of own shares by Sacyr, SA or companies in its group. Revoking of previous powers of attorney. Capital reduction, where appropriate, for the redemption of shares, where the Board of Directors is empowered to carry such out. PROPOSED AGREEMENT:
