Las Palmas will increase its capital by 500,080 euros with 5,320 shares

Club Unión Deportiva Las Palmas, S.A.D. will submit a capital increase of 500,080 euros to its shareholders through the issuance of 5,320 shares with a nominal value of 94 euros each. The operation will be voted on at an extraordinary general meeting on December 16, 2026, and is listed in the notice published by the Official Gazette of the Mercantile Registry (BORME) on November 12, 2026, with official reference BORME-C-2026-5950.

The notice was agreed upon by the entity’s Board of Directors on October 16, 2026, and was signed in Las Palmas de Gran Canaria on November 4, 2026, by the president of the body, Miguel Ángel Ramírez Alonso. The meeting is dual, ordinary and extraordinary, and will be held in the press room of the Estadio Gran Canaria, at calle Fondos del Segura s/n, at 7:30 p.m. on December 16 for the first call and at the same time on December 17 for the second.

The increase: 5,320 shares at 94 euros

The first item on the agenda of the extraordinary meeting proposes an increase through monetary contributions with the following characteristics, according to the text submitted to the registry:

• Amount of the increase: 500,080 euros.
• Number of new shares: 5,320.
• Nominal value of each share: 94 euros.
• Recognition of the preferential subscription rights of current shareholders.
• Express provision for incomplete subscription, such that the capital will only be increased by the amount effectively subscribed.

The second item proposes delegating to the Board of Directors the necessary powers to execute the agreement, set unforeseen conditions, and rewrite the articles of the bylaws relating to share capital and the number of shares.

Annual accounts, budget, and directors’ remuneration

The ordinary meeting held on the same day will address the approval of the accounts for the fiscal year ending June 30, 2026, and other usual corporate matters:

• Examination and approval, if applicable, of the balance sheet, the profit and loss account, the statement of changes in equity, the cash flow statement, the notes, and the management report for the fiscal year ending June 30, 2026.
• Proposal for the application of the results of that fiscal year.
• Approval of the budget for the 2026/2027 season and the remuneration of the directors.
• Drafting and approval of the minutes or appointment of scrutineers.

Since the publication of the notice, shareholders may examine at the registered office or request the free and immediate delivery of the proposed annual accounts, the proposed application of results, the audit report, and the management report, in addition to the mandatory reports on the agenda.

Requirements for attendance and subscription rights

In accordance with Article 16 of the bylaws, only those who prove to be holders of at least 20 shares registered in their name at least 5 days prior in the register of nominative shares may attend. Those holding a lower number may group together until that minimum is reached and appoint one of them to represent all. Attendance cards may be requested from the publication of the announcement until 6:30 p.m. on December 16, 2026.

An identical precedent in May 2024

The entity had already executed an operation with identical parameters. The extraordinary general meeting of December 22, 2023, agreed to increase the capital under Articles 304 and concordant articles of the Capital Companies Law and empowered the board to set the terms, which it specified on April 29, 2024: 500,080 euros through 5,320 nominative shares of 94 euros, with an issuance value coinciding with the nominal value. That announcement, published in BORME no. 88 of May 8, 2024, p. 2531 (reference BORME-C-2024-1966), detailed three subscription phases—one month for preferential rights, seven days for shareholders who had already subscribed, and seven days for third parties—the deposit into a Cajasiete account, and the application of Article 311 of the law if the subscription remained incomplete.

Furthermore, the new call comes after the May 2025 meeting renewed the Board of Directors and the December 2025 assembly approved the accounts for the fiscal year ending June 30, 2025, and the budget for the 2025/2026 season.

The amount of the increase is equivalent to 0.0035% of the capital per issued share, meaning the operation aims to strengthen own funds without substantially altering the shareholding structure, but it does require the mobilization of small shareholders: the increase will only be effective for the amount subscribed, and the subscription calendar and execution conditions remain in the hands of the board if the meeting approves the delegation.

Source: Official Gazette of the Mercantile Registry, no. 217, November 12, 2026, Second Section - Announcements and legal notices (Meeting calls), pp. 7394-7395 (official reference: BORME-C-2026-5950).