Payment of dividends – year 2024
Agenda
Item one - Resolve on the approval of the individual and consolidated accounts’ reporting documents for 2019, 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.
Item two - Resolve on the allocation of profits in relation to the 2019 financial year.
Item three - Resolve on the general appraisal of the management and supervision of the company, under article 455 of the Portuguese Companies Code.
Item four - Resolve on the granting of authorization to the Executive Board of Directors for the acquisition and sale of own shares by EDP and subsidiaries of EDP.
Item five - Resolve on the granting of authorization to the Executive Board of Directors for the acquisition and sale of own bonds by EDP.
Item six - Grant authorization to the Executive Board of Directors to increase the share capital of EDP, on one or more occasions, for a 5-year period, up to a 10% limit of the current share capital under the terms of article 4 no. 3 of the Articles of Association.
Item seven - Resolve on the remuneration policy of the members of the Executive Board of Directors presented by the Remunerations Committee of the General and Supervisory Board.
Item eight - Resolve on the remuneration policy of the members of the other corporate bodies presented by the Remunerations Committee elected by the General Shareholders’ Meeting.
Lisbon, April 15th, 2025: In accordance with article 29º-k of the Portuguese Securities Code no. 1 paragraph b) and article 7, no. 3 of the Portuguese Securities Market Commission’s Regulation no. 1/2023, EDP, S.A. (EDP) hereby informs that the General Shareholders’ Meeting, held on April 10th, 2025, approved the proposal of the Executive Board of Directors for the allocation of profits regarding the 2024 financial year, which provides for the payment of a gross dividend of 0.20 euros per share.
The dividends will be available for payment starting on May 6th, 2025, in accordance with the following terms per share:
Gross dividend per share € 0.20
Income taxes* personal - 28% / corporate - 25%
Total of chargeable tax € 0.056 / €0.05
Net dividend per share € 0.144 / €0.15
* The final withholding tax rate shall be of 35% if the dividends are paid or made available (“colocados à disposição”) to (i) accounts in the name of one or more accountholders, acting on behalf of unidentified third parties, unless the beneficial owner of such dividends is disclosed, in which case the general rules are applicable, or (ii) nonresident entities without a permanent establishment in Portuguese territory, which are domiciled in a country, territory or region subject to a clearly more favorable tax regime, according to the list approved by a member of the Government responsible for the finance area.
The payment of dividends will be made by deposit on the financial institution’s account in which the respective shares, held by each shareholder, are registered. Banco Santander Totta, S.A. is the paying agent.
Dividends paid to individual shareholders resident in Portugal and taxable for Personal Income Tax purposes (IRS) are subject to a final withholding tax rate of 28%, unless they opt to add the dividends to their remaining taxable income, as far as such dividends are not earned in the context of a business or professional activity.
Dividends paid to corporate shareholders resident in Portugal and taxable for Corporate Income Tax purposes (IRC) are subject to a withholding tax rate of 25%, which is deemed as a payment on account of the final tax due.
Dividends paid to nonresident shareholders and without a permanent establishment in the Portuguese territory, or otherwise having a permanent establishment but to which the dividends are not attributable, are subject to a final withholding tax rate of 28% (IRS) or 25% (IRC).
For the purpose of benefiting from a tax exemption, or reduction from personal/corporate withholding tax rates, shareholders should check their tax situation and prove all the relevant facts and information required for application of such benefits to the financial institution in which the respective shares are registered, within the legal deadlines established.
Starting on May 2nd, 2025 (inclusive), EDP shares shall be traded on the NYSE Euronext Lisbon stock exchange without the right to payment of dividends (ex-dividend right) regarding the financial year 2024.
EDP, S.A.