Solaria CEO reinforces his commitment to the company and increases his stake to 2%

February 2021

Madrid, 26 February 2021

  • Arturo Díaz-Tejeiro has bought 82,827 shares of Solaria, representing more than €1.5 million.
  • This transaction is in addition to the acquisitions made by the executive in August and November.

Solaria, leading Spanish company in the development and generation of photovoltaic energy, informed to CNMV yesterday that its CEO, Arturo Díaz-Tejeiro, has increased his stake in the company to 2% after the purchase of 82,827 shares, at a price of €18.81 per share.

This operation is in addition to those carried out by the executive last August, when his presence in the firm increased with 140,000 shares, and in November, with 29,411 more shares, which together represent more than 4 million euros invested in Solaria in the last year, and which materialize the CEO's confidence in the positive progress and in the growth and internationalization plans of the company.

In total, since 2017, Arturo Díaz-Tejeiro has acquired more than 2.5 million shares of Solaria, an example of his commitment to the revaluation of the company's stock market value, since the manager does not receive a salary for his position nor are there any variable remuneration schemes (stock option plans or similar) in the company.

At the beginning of February, Solaria presented its FY2020 results, with excellent numbers - a 27% increase in net profit, an EBITDA improvement of 56% and a 48% increase in total revenues - reflecting its successful strategy and optimal financial situation of the company.

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