As of December 31, 2011, there was a relationship agreement in place. The relationship agreement was originally signed by Société Air France, Amadelux Investments, S.A.R.L. (subsequently split into Amadecin S.A.R.L. and Idomeneo S.A.R.L.), Iberia Líneas Aéreas de España, S.A., Lufthansa Commercial Holding GmbH, Deutsche Lufthansa AG and Amadeus IT Holding, S.A. on April 8, 2010 (effective April 29, 2010, the date of admission to trading of the shares of Amadeus IT Holding, S.A.). In 2011, Amadecin, S.a.r.l. and Idomeneo, S.a.r.l. sold shares in the company in a number of placements to institutional investors. As a result of these placements, and once their respective holdings in the company's share capital fell below 3.5%, the aforementioned entities exercised the right to terminate their participation in the Relationship Agreement and as of December 31, 2011 they were no longer part of it.
The object of this agreement is (i) to regulate the composition of the Board and Board Committees in line with the percentage shareholdings, (ii) to regulate the scheme applicable to the transfer of the Company's shares as regards lock-up periods as well as for an orderly sale procedure, inter alia, and (iii) covenants not to compete and other related matters.