● On 15 January 2018, the Court dismissed the appeal filed by Crown Foods España S.A. against the execution of the Supreme Court ruling for patent infringement and ordered the payment of 8,458 thousand euros corresponding to 15% of the profit obtained from exploiting the patent infringement from 16 July 2006 to 8 January 2013.
As per the contract of sale of Industrias Alimentarias de Navarra S.A.U., dated 10 March 2015, the result of the litigation is owned by Viscofan S.A. and, therefore, the indemnity corresponds to Viscofan S.A.
The enforcement procedure is in progress with respect to the remaining amounts in dispute.
● On 21 February 2018 Transform Pack Inc. was acquired for a value of 2 million US dollars.
● In their meeting held on 28 February 2018, the Board of Directors agreed to propose a final dividend payment amounting to 0.92 euros per share on 7 June 2018. Thus, total remuneration for shareholders amounts to 1.55 euros per share, including the interim dividend of 0.62 euros per share paid on 21 December 2017, the abovementioned complementary dividend of 0.92 euros per share, and the per diem payment for attendance at the General Shareholders' Meeting of 0.01 euros per share. This proposal increases total remuneration by 6.9% as compared to the total of 1.45 euros approved for the previous year.
● In addition, at the meeting held on 28 February 2018 the Board of Directors agreed to distribute an extraordinary dividend of €0.13 per share to be paid on 22 March 2018, which corresponds to the contribution to 2018 net profit of the one-off gain from the Supreme Court ruling in the action brought by Industrias Alimentarias de Navarra S.A.U. against Mivisa Envases S.A.U. (now Crown Food España S.A.U.) for the infringement of a patent which, according to the sale contract of Industrias Alimentarias de Navarra S.A.U., belongs to Viscofan S.A.
There are no significant events in addition to those mentioned above, from the year-end until the date of preparation of these annual accounts.
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