EDP RENOVÁVEIS ANNUAL SHAREHOLDERS' MEETING

edpr announcement

EDP RENOVÁVEIS ANNUAL SHAREHOLDERS' MEETING

Thursday 14, April 2016
Investors
Market Notifications

EDP Renováveis, S.A. ("EDPR") informs that at the Annual General Shareholders' Meeting held today, the Shareholders have approved the following resolutions.

Madrid, April 14th 2016: EDP Renováveis, S.A. ("EDPR") informs that at the Annual General Shareholders' Meeting held today, the Shareholders have approved the following resolutions:

  • Review and approval, where appropriate, of the individual annual accounts of EDP Renováveis, S.A., as well as those consolidated with its subsidiaries, for the fiscal year ended on December 31st, 2015.
  • Review and approval, where appropriate, of the proposed application of results for the fiscal year ended on December 31st , 2015, as well as, distribution of dividends.

    Profit for the year 2015 ..................... €31,596,861.64 To Legal Reserve .................................. €3,159,686.16 To Dividends ...................................... €28,437,175.48 It is proposed to approve the proposal of the Board of Directors with the favourable opinion of the Audit and Control Committee for the distribution of a gross dividend (ordinary and extraordinary) of €0.05 per share that means an overall amount of €43,615,408.10 that is satisfied as follows: (i) €28,437,175.48 book against the result of the fiscal year and (ii) €15,178,232.62 book against the voluntary reserve account.

  • Review and approval, where appropriate, of the Individual Management Report of EDP Renováveis, S.A., the Consolidated Management Report with its subsidiaries, and its Corporate Governance Report, for the fiscal year ended on December 31st, 2015.
  • Review and approval, where appropriate, of the management and performance of the Board of Directors and its Executive Committee during the fiscal year ended on December 31st, 2015.
  • Board of Directors: ratification of the appointment by co-option of Mr. Miguel Dias Amaro.
  • Board of Directors: nomination of Mr. Francisco Seixas da Costa as Director for a three-year (3) term, as set in the Articles of Association.
  • Approval of the remuneration policy for the members of the Board of Directors of the Company.
  • Reelection, as External Auditor of EDP Renováveis S.A., of KPMG AUDITORES, S.L. registered at the Official Register of Auditors under number S0702 and with Tax Identification Number B-78510153, for the year 2016.
  • Delegation of powers to the formalization and implementation of all resolutions adopted at the General Shareholders' Meeting, for the purpose of celebrating the respective public deed and to permit its interpretation, correction, addition or development in order to obtain the appropriate registrations.Announcement