EDP's Annual General Shareholders' Meeting

edp announcement

EDP's Annual General Shareholders' Meeting

Wednesday 24, April 2019

EDP's Annual General Shareholders' Meeting

EDP – Energias de Portugal, S.A. (“EDP”) informs that at the General Shareholders Meeting held on April 24th, 2019 the Shareholders have approved the following resolutions:

  1. The individual and consolidated accounts’ reporting documents for 2018, including the global management report (which incorporates a chapter regarding corporate governance), the individual and consolidated accounts, the sustainability report (containing the non-financial consolidated statement), the annual report and the opinion of the General and Supervisory Board (that integrates the annual report of the Financial Matters Committee/Audit Committee) and the Auditors’ Report on the individual and consolidated financial statements;
  2. The allocation of EDP’s 2018 profits proposed by the Executive Board of Directors, amounting to €738,586,257.43, as follows: 

                       Dividends*……………………………..........……€694,742,165.85
                       Contribution to EDP’s Foundation….................…....€6,200,000.00
                       Retained earnings………………….………..…......€37,644,091.58
(*which corresponds to a gross dividend of €0.19 per share)

  1. A vote of confidence and praise to the Executive Board of Directors and to each of its members, to the General and Supervisory Board and to each of its members, and to the Statutory Auditor for the performance of their duties during the year 2018;
  2. An authorization to the Executive Board of Directors for the acquisition and sale of own shares by EDP and subsidiaries of EDP for a period of 18 months;
  3. An authorization to the Executive Board of Directors for the acquisition and sale of own bonds by EDP for a period of 18 months;
  4. The remuneration policy of the members of the Executive Board of Directors presented by the Remunerations Committee of the General and Supervisory Board;
  5. The remuneration policy of the members of the other corporate bodies presented by the Remunerations Committee elected by the General Shareholders’ Meeting;
  6. The appointment of Mr. Luís Maria Viana Palha da Silva of the Chairman of the Board of EDP’s General Shareholders’ Meeting who, by virtue of EDP By-Laws, is inherently a Member of the General and Supervisory Board, for the remaining period of the current term-of-office (triennium 2018-2020).

Shareholders have not approved the following resolution:

  1. Amendment of the Company’s By-Laws by eliminating (i) the expression “and to paragraphs 3 to 5 of Article 14” in paragraph 5 of article 11, (ii) paragraphs 3, 4, 5 and 14 of article 14, and consequently renumbering the current paragraphs 6 to 15 into paragraphs 3 to 11 of article 14, and (iii) the expression “and paragraphs 3 and 4 of Article 14” in paragraph 2 to article 15, all from the Company’s By-Laws, and replacing the expression “as well as amendments to this paragraph insofar as it refers to any of such provisions” by the expression “as well as amendments to this paragraph insofar as it refers to such provision” in paragraph 5 of article 11 of the Company’s By-Laws.

EDP – Energias de Portugal. S.A.