Alarcam calls meeting to sell its Bilbao properties

Alarcam, S.A. has called an Extraordinary General Shareholders’ Meeting for the coming October 1, 2026, at 11:00 AM, in order to decide on the sale of two properties it owns in Bilbao and to review the remuneration received by its administrator. The notice, signed by the sole administrator Ms. Marta Alonso Sainz, is published in the Official Gazette of the Mercantile Registry (BORME) number 166, dated August 28, 2026, with reference BORME-C-2026-4821.

The meeting will be held at the office of the lawyer Francisco Javier Revilla Rojo, located in Santander, calle Lealtad, no. 13-2 right, door 5. The notice is issued in accordance with articles 166, 167, 173, and 174 of the Capital Companies Act and the company’s Articles of Association.

Sale of essential assets in Bilbao

The central point of the agenda is the disposal of two properties in Bilbao. Firstly, the sale of the premises leased to the entity Eroski, located at calle Blas de Otero no. 24, in the Deusto neighborhood, classified as an essential asset for the purposes of article 160.f) of the Capital Companies Act, will be deliberated. The meeting will examine the offers received and, if applicable, determine the destination of the price.

Secondly, the sale of the warehouse at calle Medina de Pomar no. 3 in Bilbao, for which the current tenant has submitted a purchase proposal for a price of 150,000 euros, will be put to a vote. The agreement will include deliberation on the approval of the sale and the destination of the price obtained.

Remuneration and the future of the company

The meeting will also address the examination of the payments made to Mr. Francisco Javier Revilla Rojo between 2021 and 2026, as well as to persons or entities linked to him, to determine their legal title. Likewise, the system for the allocation and distribution of dividends among the partners will be reviewed, with reference to the legal criteria for the application of results (articles 273 and 275 of the Capital Companies Act).

Should the sale of the Bilbao properties be approved, the eventual sale of the company itself will be deliberated, which would be left with the property located in Santander as its sole asset. A decision will also be made regarding the immediate cessation of the bonuses applied to the company’s garages for the partners and, if applicable, the approval of a new tariff regime.

Shareholders’ rights

From the publication of the notice, any shareholder may obtain from the company, immediately and free of charge, the documents to be submitted for the approval of the general meeting, in accordance with Article 272 of the Capital Companies Act. Shareholders may also request in writing, prior to the meeting, or verbally during the meeting, any information or clarifications they deem necessary regarding the items on the agenda, under the terms of Article 197 of the same law.

The notice, signed in Santander on August 25, 2026, directly affects the company’s shareholders and the tenants of the Bilbao properties, whose situation could be altered if the general meeting approves the proposed disposals.

Source: Official Gazette of the Mercantile Registry (BORME), no. 166, Friday, August 28, 2026, Second Section (Notices of General Meetings), pp. 6019-6020 (official reference: BORME-C-2026-4821).