In accordance with the authorisation approved by the Board of Directors, at 31 December 2018 the Company held 264 thousand treasury shares (0.11% of its share capital). The use to which the treasury shares will be put has not been decided upon and will depend on such resolutions as might be adopted by the Group’s governing bodies.

During 2018, Cellnex carried out discretional purchases of 250,604 treasury shares mainly regarding the Long Term Incentive Plan “2015-2017” (See Note 17 of the accompanying consolidated financial statements), representing 0.11% of the total shares outstanding, of which 54,330 have been transferred to beneficiaries.

The treasury shares transactions carried out during 2018, are disclosed in Note 13.a to the accompanying consolidated financial statements.