Alter Cap II reduces its capital by 4.3 million euros

The extraordinary and universal general meeting of Alter Cap II SCR, S.A., held on June 25, 2026, unanimously agreed to reduce the share capital through the cancellation of treasury shares, in order to return contributions to its shareholders. The agreement was made public in the Official Gazette of the Mercantile Registry (BORME) number 172, dated September 7, 2026, page 6087, in the second section of announcements and legal notices, under the reference BORME-C-2026-4879.

The operation is carried out in compliance with Article 319 of the Recast Text of the Capital Companies Act, which regulates the publicity of capital reductions. The announcement, signed in Seville on September 2, 2026, by the sole administrator, Alter Capital Desarrollo SGEIC, S.A., represented by Mr. Ángel González Bravo, also opens the legal opposition period for the company’s creditors.

Two reduction agreements by cancellation

The meeting adopted two complementary agreements to reduce the share capital, both through the cancellation of treasury shares with a nominal value of 1 euro each:

• First agreement: reduction of 4,346,496 euros, through the cancellation of 4,346,496 treasury shares, numbered from 1 to 1,182,720, from 1,200,001 to 2,481,280, and from 2,500,001 to 4,382,496, all of the same class.
• Second agreement: reduction of 12,789 euros, through the cancellation of 12,789 treasury shares, numbered from 1,182,721 to 1,186,200, from 2,496,231 to 2,500,000, and from 4,404,462 to 4,410,000.

In total, the company cancels 4,359,285 treasury shares, for a total amount of 4,359,285 euros, which represents an effective reduction of more than 4.3 million euros of its share capital.

Return of contributions and accounting treatment

The cancelled shares were held in treasury, having been previously acquired by the company by way of purchase. The purpose of both agreements is the return of contributions to the shareholders through the acquisition of the indicated shares for their subsequent cancellation.

As a result of the cancellation, a reduction in the amount of share capital equal to the nominal value of the cancelled shares is recorded. The difference between the acquisition price and the nominal value of the aforementioned shares is allocated against reserves.

Opposition period for creditors

The announcement is published so that the company’s creditors may exercise their right of opposition to the capital reduction within one month from the date of the last announcement of the agreement, under the terms provided in Articles 334 and 336 of the Capital Companies Act.

The operation reinforces the capital return policy of the Seville-based venture capital firm, which returns a portion of the committed funds to its partners once its investments have materialized. For creditors, the announcement constitutes the legal guarantee to be able to oppose the reduction before it is consolidated, protecting their credits against the company.

Source: Official Gazette of the Mercantile Registry (BORME), no. 172, September 7, 2026, second section (announcements and legal notices), p. 6087 (official reference: BORME-C-2026-4879).