MERLIN Properties Annual Report 2018 / English

ı 69 ı Annual Report 20 18 Treasury shares As of 31/12/2017 the Company owned 2,320,230 treasury shares. During 2018, the following events have occurred in relation to the treasury stock: • In accordance with the delivery conditions of the 2016 long term incentive plan, 1,175,625 shares have been delivered to the beneficiaries on March. • The Company has acquired a total of 5,005,394 shares in 2018. Below we show a breakdown of the variations during the year of the balance of treasury shares. Acquisitions Disposals Total 31/12/2017 Balance 2,320,230 March-2018 (1,175,625) (1,175,625) October 2018 1,017,850 1,017,850 November 2018 2,178,170 2,178,170 December 2018 1,809,374 1,809,374 31/12/2018 Balance 6,150,000 % Total shares 1.3%