Annual Report 2012 - Ono

The Figures
GRUPO CORPORATIVO ONO, S.A. AND SUBSIDIARIES (ONO GROUP)
NOTES TO THE CONSOLIDATED ANNUAL ACCOUNTS FOR THE YEAR 2012 (Thousands of Euros)
During the year 2012, Mr. Joshua L. Steiner was replaced as Director. The information available by the Group regarding their interests and
positions in companies with the same, analogous or complementary corporate purpose was revealed in the 2011 annual accounts.
During 2012, none of the Directors have been involved in any direct or indirect conflict of interest with Grupo Corporativo ONO, S.A and
subsidiaries.
During 2011, none of the Directors was involved in any direct or indirect conflict of interest with Grupo Corporativo ONO, S.A. and
subsidiaries, except for Val Telecomunicaciones Cartera S.L. (represented by Diego L. Lozano Romeral), due to its Sole Administrator,
Val Telecomunicaciones, S.L., shareholder of Grupo Corporativo ONO, S.A. challenged in court the Board of Directors’ resolution which
authorized the granting of a participative loan with the shareholders (note 15.b). On 11 May 2012, Grupo Corporativo ONO, S.A. and
Val Telecomunicaciones reached a agreement by which, after the execution in a public deed of the capital increase by offsetting the
participative loan (note 13.c), which occurred on 26 September 2012, Val Telecomunicaciones will inform the local court the lawsuit
withdraw. On 30 October 2012, the court has dictated a decision by which the lawsuit is filed.
e) Long term incentive plan
On 25 May 2011, the Group’s Board of Directors approved a cash–settled share–based payment variable remuneration plan (the Long Term
Incentive Plan, note 17).
ONO in 2012
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28. Environmental information
In its global operations, the Group takes the laws on environmental protection into account and considers that it substantially complies
with these laws and has procedures designed to promote and guarantee such compliance.
Any operation the main purpose of which is to minimize the environmental impact and protect and improve the environment is considered
an environmental activity. In December 2010, ONO became a sponsor of the ‘Sponsor a Tree Foundation’. Likewise it has not been
considered necessary to record any provision for liabilities and charges in relation to environmental issues, since there are no contingencies
or liability in this area.
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