edp announcement

EDP's Annual General Shareholders Meeting

Viernes, 15 Abril 2011

EDP – Energias de Portugal, S.A. ("EDP") informs that at the Annual General Shareholders Meeting held on April 14, 2011 the Shareholders have approved the following resolutions: 

1. The 2010 individual and consolidated accounts' reporting documentation;

2.  The allocation of EDP's 2010 individual accounts net profit proposed by the Executive Board of Directors, amounting to €725,135,695.44, as follows:  

  Legal reserve………………………………. .€ 36,256,784.77
  Dividends*……………………………...…… €621,611,411.55
  Contribution to EDP's Foundation…...……..€7,000,000.00
  Retained earnings…………………….…..... €60,267,499.12
(*which corresponds to a gross dividend of €0.170 per share)

3.  A vote of confidence and praise to the Executive Board of Directors and to each of its members for the performance of their duties during the year 2010;

4.  A vote of confidence and praise to the General and Supervisory Board and to each of its members for the performance of their duties during the year 2010;

5.  A vote of confidence and praise to the Statutory Accountant for the performance of is duties during the year 2010;

6. The authorization to the Executive Board of Directors to purchase and sell treasury stock for a period of 18 months;

7. The authorization to the Executive Board of Directors to purchase and sell own bonds for a period of 18 months;

8. The statement of the Remuneration Committee of the General and Supervisory Board regarding the remuneration policy of the members of the Executive Board of Directors;

9. The statement of the Remuneration Committee elected by the General Shareholders Meeting regarding the remuneration policy of the remaining members of the corporate bodies;

10. The election of PARPÚBLICA – PARTICIPAÇÕES PÚBLICAS (SGPS), S.A. as member of the General and Supervisory Board , with effects until the term of the current 2009-2011 office;

11. The election of JOSÉ DE MELLO ENERGIA, S.A. as member of the General and Supervisory Board, with effects until the term of the current 2009-2011 office.

EDP – Energias de Portugal, S.A.