JUNTA DE ACCIONISTAS 3 MARZO

After a few weeks of waiting in which the tension has eased, the group of Abengoa shareholders has its sights on the new Shareholders' meeting , which is expected to be the last one where, very predictably, Clemente Fernandez, current Abengoa shareholder with a considerable position, will be appointed as the new president.

This person appears with the support of the Abengoa receivership, which has more than 15% of the shareholders. In addition, other shareholders who are not unionized will join the cause to defend their own interests. The interests are none other than firstly defending your property where enough money has been invested, and secondly making that investment productive in the future. This happens by giving a 180 degree turn to what has been done so far and going from being a hijacked company with quite limited growth possibilities to looking for projects and partners to be profitable.
Right now from Brussels there are a lot of projects that can receive numerous subsidies in renewable energy and the government of Spain is very interested in promoting this sector. Most of the renewable companies in Spain have grown a lot and in capitalization they have multiplied their value from 4 to 6 times in the last year. Even so, Abengoa is much larger than these companies and has greater potential, all that remains is to choose the right person. Clemente has shown in Amper how to redirect a company doomed to bankruptcy to be one of the technology companies with the greatest potential and international projection. Although he has recently left office, the work he has done has not been recognized as the market is quite unfair and usually the fruits of the work are seen many years later.

"Clemente ha demostrado en Amper como reconducir una empresa abocada a la quiebra para ser una de las empresas tecnológicas con mayor potencial y proyección internacional."

In front of this type of businessmen we have others like Fernando Urquijo and his advisers who have been in charge of the company for about 4 years and apart from selling most of the assets and getting numerous projects, which is quite good, they have not managed to make this company profitable, having numerous potholes that have not been overcome with enough ease, only covering them and in the end the mud returns. It is one of the main problems that the problems have not been addressed clearly and much information has been hidden from shareholders, suppliers or bondholders. And I would not be surprised if it had also been hidden from the banking pool formed by the vulture funds and Santander bank.

"... no han conseguido convertir esta empresa en rentable, habiendo numerosos baches que no han sorteado con suficiente soltura, solamente tapandolos y al final el fango vuelve."

In short, it is time to vote. I enclose the vote that responds to the interests of the shareholders, since no other option has been presented to date, nor another viable project, other than the one presented by the banking pool, which is to leave the shareholders with nothing and undo Abengoa condemning to the dismissal of thousands of employees.