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Shareholder structure


The company’s shareholder structure has not undergone any changes insofar as the two main variables are concerned, na- mely, the shareholding controlled by the Board of Directors and the proportion of free float stock.


• Specifically, the Board of Directors holds a total of 67.5% of the company’s total capital and the remaining 32.5% is free float stock. Both the cash and face value of stock traded have gradually risen over the past three years, as shown in the table below, despite the fall in share prices. This demonstrates the interest both national and interna- tional institutional investors have in Fluidra shares.


Corporate governance


Fluidra’s corporate governance is subject to deeply rooted factors in the company such as honesty and transparency. It bases its actions on the rules set out in the Regulations of the Board of Directors,1 the Internal Code of Conduct,2 the Share- holders’ Regulations,3 the Code of Ethics,4 and the Articles of Association, 5.


Fluidra publishes its Corporate Governance Report6 on an annual basis, in which the most detailed information related to good governance and the moral practices of the organisa- tion can be found.


Fluidra is a public limited company with the following share capital as at 31 December 2011 [2.1, 2.6]:


2009


Capitalisation (thousands of euros) No. shares (x 1,000) Last price in period (euros) Max. price in period (euros) Min. price in period (euros) Volume (thousands of shares) Cash (thousands of euros)


BOARD OF DIRECTORS Name


Mr Juan Planes Vila Mr Eloi Planes Corts Mr Bernat Garrigós Castro Mr Oscar Serra Duffo Mr Bernardo Corbera Serra Mr Carles Ventura Santamans¹ Mr Richard J. Cathcart Mr Kam Son Leong Mr Juan Ignacio Acha-Orbea Echeverría Mr Eduardo López Milagro²


Position Chairman


CEO and Member Vice-secretary Member Member Member Member Member Member Member


Date of appointment


05/09/2007 08/06/2011 05/09/2007 05/09/2007 05/09/2007 05/09/2007 05/09/2007 05/09/2007 05/09/2007 05/06/2009


1. On behalf of BanSabadell Inversió Desenvolupament, S.A. 2. On behalf of Grupo Corporativo Empresarial de la Caja de Ahorros y Monte de Piedad de Navarra, S.A. Unipersonal.


33 ( Nature


Dominical Director Executive Director


Dominical Director Dominical Director Dominical Director Dominical Director


Independent Director Independent Director Independent Director Dominical Director


Executive or Delegate


Committee Audit Committee Appointments


and Remuneration Committee


394.2


112,629 3.5 3.75 2.05


14,900 42,701


2010 260.2


112,629 2.31 3.5 1.95


15,492 41,988


2011 215.1


112,629 1.91 3.13 1.76


21,414 56,415


Share capital 112,629,070.00 Number of shares 112,629,070.00 Number of voting rights 112,629,070.00


CORPORATE GOVERNANCE STRUCTURE The Board of Directors and its committees are the main bo- dies responsible for corporate governance.


Board of Directors Fluidra’s Board of Directors is made up of ten members who are appointed by the General Shareholders’ Meeting, thereby complying with the guidelines set out by the company’s Ar- ticles of Association, which recommend that the Board be made up of a minimum of five members but that it does not exceed a maximum of 15. [4.1, 4.2, 4.3]


• (Chairman) •


• • •


• (Chairman) • • (Chairman) • (Secretary)


SHAREHOLDERS AND INVESTORS


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