On February 10, 2026, the Council of the National Securities Market Commission adopted the following agreement:
“Authorize the voluntary public offer to acquire shares of Ercros, S.A. presented by Bondalti Iberica, S.L.U. on March 5, 2024 and admitted for processing on March 20, 2024, considering its terms adjusted to current regulations and considering the content of the explanatory prospectus presented after the latest modifications registered on February 5, 2026 sufficient.
The offer is aimed at 100% of the share capital of Ercros, S.A. composed of 91,436,199 shares, admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges and incorporated into the Stock Market Interconnection System.
The offer price is 3.505 euros per share and will be paid in cash. This price has been freely set by the offeror, in accordance with article 13.5 of Royal Decree 1066/2007, of July 27, on the regime of public offers for the acquisition of securities, and has not been submitted for consideration as an equitable price for the purposes of articles 110 of Law 6/2023, of March 17, on Securities Markets and Investment Services, and 9 of the aforementioned Royal Decree.”
The CNMV will inform the deadline for acceptance of the offer when the offeror publishes the first of the announcements provided for in article 22 of Royal Decree 1066/2007.
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.
Click on the following document to download the CNMV statement.