Last season Ud. Las Palmas reached a 5 Millions euros profit

With a 50,74% of the shareholder’s attending the meeting the last year accounting balance presented was approved unanimously by all of them and with a benefit before taxes of 8.168.334 euros. On the other hand The Board approved the budget for the current season, which foresees a profit before tax of 12.4 million euros, in a budget that estimates an income of 55.350.000 euros. Another of the agreements adopted tonight was the decision to increase the share capital by 1,061,448 euros, or the capital finally disbursed, with the purpose of strengthening the society financially. This measure was based in a report of the President of Board Miguel Angle Ramirez which reflects the actual social capital of the Society: 1.769.080 (18.820 shares at 94 euros each). In the event that the proposed capital increase is completed, UD Las Palmas SAD would only have a larger share capital than the Eibar SD, which currently has a share capital of around 2.3 million euros, since the average Of the category around 18 million euros.

Lastly, the Boards authorized the Board of Directors to decide on the remuneration of the managers, corresponding to the seasons 15-16 and 16-17, to gratify the greater dedication, according to the requirements of the participation of the first team in the maximum Category, which will always be less than five percent of the budget.