CLH will propose the delisting of the shares traded on the stock exchange to the General Shareholders’ Meeting

The Board of Directors of the Company has resolved to convene the Ordinary General Shareholders’ Meeting for 29 June

The Board of Directors of CLH at its meeting held today resolved to convene the Ordinary General Shareholders’ Meeting for 29 June. Among other proposals to the General Shareholders’ Meeting, the Board of Directors proposes the approval of the delisting of Class A and D shares of the company from the Madrid, Barcelona, Bilbao and Valencia stock exchanges by submitting a takeover bid for delisting for a price of 39.46 euros per share. This price, together with the prospectus of the takeover bid for delisting, will be subject to the corresponding approval by the Spanish National Securities Market Commission.

The bid targets all of the shareholders of Class A and D shares. However, certain shareholders have expressed their will to block their Class A and D shares so as not to participate or transfer their shares in the bid.

Therefore, the bid, if approved by the General Meeting, will effectively target a maximum number of 598,790 Class D shares, representing 35.45% of such Class D shares and 0.8547% of the share capital, which is the percentage owned by minority shareholders.

During 2014 these shares were listed on the electronic market during 161 days and 82,902 shares were traded on the stock exchange. In total, the traded cash value amounted to 2,561,944.10 euros. The average list price during this period was 30.90 euros per share, reaching a maximum list price of 35.53 euros and a minimum of 26.51 euros.