Inditex's net sales reach €5,666 mn

13 Dec '06

3 min read

During the six weeks since the beginning of the Fourth Quarter 2006 like-for-like sales performance is according to management expectations.

Resolution of the Board of Directors
Likewise, the Board of Directors of Inditex resolved in the previous day, prior favourable report by the Nomination and Remuneration Committee, to appoint to the Board as Ordinary Member, through the co-option system, the new company Gartler, S.L.

This new company is one of the two beneficiaries of the spin-off of the former Gartler S.L., holder of a 59.29 percent stake in Inditex, which has held so far the office of Director at Inditex.

Just as was the case of the spun-off company, Ms Flora Pérez will remain the natural person to represent the new company on the Board of Directors.

As it has been publicly released, the stake of the former Gartler S.L. is at present divided between two companies: Gartler S.L., with a 50.01 percent stake in the share capital of Inditex, and Partler 2006 S.L., owner of 9.28 percent.

Mr Amancio Ortega remains, directly or undirectly, as holder of the stake of the above referred new companies, and therefore there are no changes in the Inditex´s shareholding structure.

INDITEX Group

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