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SOL MELIA ANNUAL REPORT 00 COMP

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17 Own Shares<br />

The breakdown and movement of the own shares are as follows:<br />

(Thousands of pesetas)<br />

AVERAGE<br />

AVERAGE<br />

SHARES PRICE PRICE AMOUNT AMOUNT<br />

PTAS. EUROS PTAS. EUROS<br />

Balance at 12/31/1999 6<strong>00</strong>,<strong>00</strong>0 2,044,89 12,29 1,226,936,462 7,374,037<br />

Acquisitions of the year 630,362 1,699,70 10,22 1,071,428,509 6,439,415<br />

Disposals of the year (195,425) (2,044,89) 12,29 (399,623,072) (2,401,783)<br />

TOTAL 1,034,937 1,834,64 11,03 1,898,741,899 11,411,669<br />

Provisions (96,273,821) (578,617)<br />

TOTAL OWN SHARES 1,034,937 1,741,62 10,47 1,802,468,078 10,833,052<br />

Disposals for the year arise from the non-monetary contribution for the acquisition of the shares of Azafata, S.A.<br />

The Options Programmes for executives, establishing their right to purchase up to 2<strong>00</strong>,<strong>00</strong>0 old shares of Sol Meliá, S.A.,<br />

have been cancelled during the year.<br />

At December 31, 2<strong>00</strong>0 the total own shares represent 0.56 per cent of share capital.<br />

S OL<br />

M ELIÁ<br />

A NNUAL R EPORT 2<strong>00</strong>0<br />

118

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