Statements of relevant information

Statements of relevant information

Below you can find the communications of relevant information sent by Ercros to the CNMV.

In the "Relevant information" tab you will find all the communications sent from 8-02-2020, the date on which the regulations on this matter changed, to the present day.

In the "History" tab you will find the "Relevant facts" issued from 2019 to 8-02-2020.

Ercros guarantees that the relevant facts contained on this page correspond exactly to those sent by the Company to the CNMV, and disseminated by it to the market. The facts prior to those included in this section are available on the CNMV website.
Shareholders' meeting
Barcelona,
The board has proposed to the shareholdres' meeting a new dividend payment of EUR 9.6 cents per share, which would be effective on July 10. The proposed dividend represents a disbursement of EUR 8.78 million, equivalent to 32.7% of 2023 profit.
Shareholders' meeting
Barcelona,
The board of directors has formulated the mandatory reports on the following proposals: application of the result for the 2023 financial year (item 2nd); appointment of PricewaterhouseCoopers Auditores, S.L. as auditor of accounts of the company and its consolidated group (item 4th); and re-election of directors (items 5th, 6th, 7th, 8th and 9th).
Shareholders' meeting
Barcelona,
Follow the complete proposed resolutions that the board of directors will submit for approval at the 2024 shareholders' meeting.
Shareholders' meeting
Barcelona,
The board of directors has agreed to call the shareholders general meeting on June 28, 2024, on second call. The meeting will be held at Avenida Diagonal, 514, 6th floor, 08006 Barcelona, at 12:00 p.m.
Financial information
Barcelona,
In the first quarter of 2024, Ercros obtained a contribution of EUR 65 million, an adjusted ebitda of EUR 14 million and a profit of EUR 3 million.
Shareholder capital
Barcelona,
Ercros has hired Evercore Partners International LLP, as financial advisor, and Uría Menéndez Abogados, S.L.P., as legal advisor, to assist the board of directors during the takeover process that Bondalti has announced for 100% of the capital of Ercros.
Shareholder capital
Barcelona,
The National Securities Market Commission accepts for processing the request for authorization of the takeover bid presented by Bondalti for Ercros. The admission for processing of the aforementioned request does not imply any ruling on the resolution relating to the authorization of the offer.
Shareholder capital
Barcelona,
Reference is made to the request for authorisation of a voluntary takeover bid for 100% of the Company's share capital, at a price of EUR 3.60 per share (the "Offer") submitted on 5 March 2024 by Bondalti Ibérica, S.L.U (the "Offeror"). The terms and conditions of the Offer are described in the inside information published by the Offeror on that date under registration number 2.154.
Corporate governance
Barcelona,
The report on director remuneration 2023 includes Ercros' remuneration policy, the summary of the annual remuneration of the directors and the details of the individual remuneration accrued by each of the directors throughout the last year, as well as the forecast of remuneration for 2024.
Corporate governance
Barcelona,
The 2023 corporate governance report contains information on Ercros' governance throughout the year, for example: the ownership structure, the development of the general shareholders' meeting, the risk control systems or the degree of monitoring of corporate governance recommendations.
Ercros guarantees that the relevant facts contained on this page correspond exactly to those sent by the Company to the CNMV, and disseminated by it to the market. The facts prior to those included in this section are available on the CNMV website.
Company activity
Sabiñánigo,
The expansion of the production capacity of the ATCC plant of the Ercros factory in Sabiñánigo already works at full capacity, which has allowed the manufacture of this product to be increased by 6,000 t/year to reach 28,000 t/year. The cost of the investment has amounted to 14 million euros.
Company activity
Barcelona,

Ercros has signed a new formaldehyde supply contract with its main client. This contract will be valid during the period 2021-2030 and the product will be supplied from Tortosa factory (Tarragona), which has recently expanded the capacity of its facilities.

Also, the company has extended until the end of 2021 the contract for the supply of chlorine, which the company maintains with said customer, who is the largest consumer of this product of the company. Said chlorine will be supplied by pipeline from the Vila-seca I factory (Tarragona), which has also increased the capacity of its electrolysis plant.

Company activity
Barcelona,

Ercros has signed a new formaldehyde supply contract with its main client. This contract will be valid during the period 2021-2030 and the product will be supplied from Tortosa factory (Tarragona), which has recently expanded the capacity of its facilities.



Also, the company has extended until the end of 2021 the contract for the supply of chlorine, which the company maintains with said customer, who is the largest consumer of this product of the company. Said chlorine will be supplied by pipeline from the Vila-seca I factory (Tarragona), which has also increased the capacity of its electrolysis plant.
 

Financial information
Barcelona ,
The ebitda obtained by Ercros in the third quarter of 2019 was 11.7% higher than in the same period of the previous year. Regarding to the overall first nine months of the year, ebitda has been 24.1% lower than that achieved in the same period of 2018. Ercros expects the ebitda fourth quarter to be better than that achieved in the fourth quarter of last year, a fact that will reduce the annual fall compared to 2018.
Company activity
Barcelona,

According to the Act Plan announced by Ercros, the company has completed the third expansion of the capacity of the chlorine and caustic soda production plant at the Vila-seca I factory, with the starting up of a new electrolyzer that expands the capacity of the plant by another 26,000 t/year.

After this expansion, Ercros total chlorine production capacity is 217,000 t/year (172,000 t/year at the Vila-seca I factory and 45,000 t/year at the Sabiñánigo factory), which consolidates the company as the first Spanish and ninth European manufacturer of chlorine and caustic soda.

Company activity
Barcelona,

According to the Act Plan announced by Ercros, the company has completed the third expansion of the capacity of the chlorine and caustic soda production plant at the Vila-seca I factory, with the starting up of a new electrolyzer that expands the capacity of the plant by another 26,000 t/year.



After this expansion, Ercros total chlorine production capacity is 217,000 t/year (172,000 t/year at the Vila-seca I factory and 45,000 t/year at the Sabiñánigo factory), which consolidates the company as the first Spanish and ninth European manufacturer of chlorine and caustic soda.

Shareholder capital
Barcelona,

Pursuant to article 228 of Royal Decree 4/2015 of October 23, approving the consolidated text of the Securities Market Law, Ercros, S.A. (hereinafter "Ercros"), and as a continuation of the relevant event published on July 3, 2019 (number 279.820), hereby announces the following:

RELEVANT EVENT

Ercros reports that, on August 23, 2019, the deed of the reduction of its share capital in EUR 888,240, has been registered in the Mercantile Register of Barcelona, corresponding to the redemption of 2,960,800 own shares, of EUR 0.30 of nominal value, representing 2.745% of the share capital.

Shareholder capital
Barcelona,

Pursuant to article 228 of Royal Decree 4/2015 of October 23, approving the consolidated text of the Securities Market Law, Ercros, S.A. (hereinafter "Ercros"), and as a continuation of the relevant event published on July 3, 2019 (number 279.820), hereby announces the following:
 

Financial information
Barcelona,

Ercros reaches 29.7 million of ebitda and 10.5 million of profit

In line with the guidance disclosed on 2019-12-06 for the first half of 2019, Ercros has reached an ebitda of EUR 29.7 million and a net profit of EUR 10.5 million. These figures are lower than those obtained in the same period of 2018 (35.7% and 62.7%, respectively), however, we must note that in the first half of 2018, results were particularly high.

Company activity
Barcelona,

In line with the guidance disclosed on 2019/12/06 for the first half of 2019, Ercros has reached an ebitda of EUR 29.7 million and a net profit of EUR 10.5 million. These figures are lower than those obtained in the same period of 2018 (35.7% and 62.7%, respectively), however, we must note that in the first half of 2018, results were particularly high.

Profit declined due to the downward trend of the cycle in the chlorine-alkali sector, which began in mid-2018. Sales were up reaching EUR 345,446 thousand, 3.2% higher than in the same period of 2018, due to higher volumes after the addition of new capacity in chlorine and caustic soda, PVC, polyols and synthesis and fermentation of pharmaceutical products despite falling sales prices.