According to the articles of association, only shareholders with voting rights - each share corresponding to 1 vote - may attend EDP's General Meetings.
According to EDP's Statutes, no votes cast by a shareholder, on his/her own behalf or as the representative of another shareholder, shall be considered if such votes exceed 25% of the overall votes corresponding to the company's share capital.
Shareholders holding a stake equal to or greater than 5% of the voting rights or share capital must notify this fact to the Executive Board of Directors, within five business days from the date such fact occurs, and may not exercise their voting rights before reporting it.
For this purpose, voting rights regarded as being part of an important stake under the Portuguese Securities Code are deemed to be issued by the same shareholder; in this case, shareholders must provide the Board of Directors with all the requested information about them, in writing and in a thorough, objective, clear and accurate manner.
Forms of Participation
According to the provisions set forth in article 14.1 of the Articles of Association, only Shareholders with voting rights, as well as other individuals whose presence is deemed justified by the Chairman, may attend the General Meetings.
Each share corresponds to one vote.
Shareholders may only attend and vote at the General Meeting, personally or by proxy, or exercise their right to vote by physical or electronic mail, if they own at least one share as of 00:00 (GMT) of the fifth trading day prior to the date of the General Meeting ("Registration date").
Shareholders wishing to attend or be represented at the General Meeting shall also previously declare such intention, in writing, (i) to the Chairman of the General Meeting and (ii) to the financial broker with which they have opened a personal securities registration account, until 11:59 pm (GMT) of the trading day prior to the Registration Date. To notify the Chairman of the General Meeting of the intention to attend the General Meeting, Shareholders may use the automatic statement form or the paper form which will be available on this website and at the company's head office from the date the meeting is convened.
Shareholders who have declared their intention to attend the General Meeting, as defined above, and transfer the ownership of their shares between the Registration Date and the end of the General Meeting, shall immediately notify the Chairman of the General Meeting and the Portuguese Securities Market Commission.
Documents and information concerning the items on the agenda, as well as other elements set out in Article 289.1 of the Commercial Companies Code and Article 21c.1 of the Securities Code, will be available to the shareholders at the company’s head office and on this website from the date the meeting is convened. In order to make such information more easily accessible to the Shareholders, particularly foreign Shareholders or Shareholders living outside the Lisbon metropolitan area, we will send said information by postal mail, fax or email upon request by EDP’s Shareholders.
Shareholders may be represented at the General Meeting by any person with full legal capacity appointed for that purpose.
For that purpose, Shareholders must write a signed letter to the Chairman of the General Meeting and send it, until 5 pm of the second day prior to the General Meeting, to the company’s head office, located at Praça Marquês de Pombal, No. 12, 1250-162 Lisbon.
Shareholders who are entitled to attend the General Meeting may also exercise their voting rights by electronic means, provided that all the certification requirements - which shall be defined by the Chairman in the corresponding General Meeting notice - are met.
Under Article 22 of the Portuguese Securities Code and Article 14 of the Articles of Association, Shareholders who are entitled to attend the General Meeting may also exercise their voting rights on each item on the agenda via postal mail letter; if the shareholder is a natural person, his/her signature must be identical to the one used on his/her identification document, of which a legible xerox copy must be included in the letter; if the shareholder is a legal person, the letter must include the signature of its representative, to be recognized under the same terms; in both cases, the letter should be addressed to the Chairman of the General Meeting, by registered mail with acknowledgment of receipt, and delivered to the company’s head office at least three business days prior to date of the General Meeting, unless the corresponding convening notice determines a longer period.
The envelope shall contain a legible copy of the signer’s citizen card or identification card.
Shareholders may use a letter form to exercise their remote voting rights, which is available on this website or upon request at the company’s head office.
ADR holders are granted the same rights as common shareholders.
The voting rights of ADR holders are calculated considering that each ADR represents 10 common shares.
Holders of rights representing shares under ADR programs may instruct their depositary banks to exercise their voting rights or grant a proxy to a representative appointed by EDP for that purpose, according to legal and statutory provisions; the deposit agreement regulates the deadlines and methods for exercising voting instructions, as well as the cases when such instructions are not available.
All financial brokers who have been informed of their clients' intention to participate in the General Meeting shall send the Chairman of the General Meeting, until 11:59 pm (GMT) of the Registration Date, detailed information on the number of shares that are registered on behalf of each of its clients by 00:00 hours (GMT) of the Registration Date; for this purpose, they may use the following email address:firstname.lastname@example.org.
Under Article 23-A of the Portuguese Securities Code, all Shareholders holding shares that represent at least 2% of the company’s share capital may request the inclusion of certain items in the Agenda by means of a written request addressed to the Chairman of the General Meeting within 5 days following the publication of the convening notice; the request must enclose a draft resolution for each item the Shareholder wishes to include in the agenda.
Shareholders shall be informed of the amendment to the convening notice and of the draft resolutions for each new item through the same channels that have been used for the corresponding convening notice, until 00:00 (GMT) of the fifth trading day prior to the General Meeting.
Under Article 23-B of the Portuguese Securities Code, Shareholders holding shares that represent at least 2% of the company’s share capital may request the inclusion of draft proposals concerning the items mentioned in or subsequently added to the convening notice, by means of a written request addressed to the Chairman of the General Meeting within 5 days following the publication of the convening notice or its amendment, along with background information on the draft resolution.
The aforementioned draft resolutions and background information shall be disclosed to the Shareholders as soon as possible, through the same channels that have been used for the corresponding convening notice, up to ten days before the General Meeting.
If the requirements for the inclusion of items in the agenda or draft resolutions are not met, interested parties may legally require a new general meeting to decide on such items or draft resolutions.