Payment of dividends – Financial Year 2010
The General Shareholders Meeting, held on April 14th, 2011, approved the proposal of the Executive Board of Directors for the allocation of profits regarding the financial year ended December 31st, 2010, which provides for the payment of a gross dividend of 0.17 euros per share. The dividends will be available for payment starting on May 13th, 2011.
In accordance with article 249º of the Portuguese Securities Code nº 2 paragraph b) and article 7, no. 3 of the Portuguese Securities Market Commission's Regulation no. 5/2008, EDP – Energias de Portugal, S.A. hereby informs that the General Shareholders Meeting, held on April 14th, 2011, approved the proposal of the Executive Board of Directors for the allocation of profits regarding the financial year ended December 31st, 2010, which provides for the payment of a gross dividend of 0.17 euros per share.
The dividends will be available for payment starting on May 13th, 2011, in accordance with the following terms per share:
Gross dividend per share € 0.170
Personal/corporate income taxes* 21.5%
Total of tax chargeable € 0.037
Net dividend per share € 0.133
* The final withholding tax rate shall be of 30% if the dividends are paid or made available ("colocado à disposição") to 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.
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, being Banco Português de Investimento, S.A. the paying agent.
For the purpose of benefiting of tax exemption, reduction or non-applicability of withholding obligations regarding income taxation, shareholders entitled to such exemption and benefits should demonstrate and evidence all the relevant facts and information required for the discharge or reduction of the withholding obligation, to the financial institution in which the respective shares are registered.
Shareholders resident in Portugal and taxable for IRS (Portuguese Personal Income Tax) are subject to a final tax rate of 21.5%, unless these Shareholders elect for aggregation with his/her other personal taxable income if such dividends are not earned as business or professional income.
Starting on May 10th, 2011 (inclusive), EDP shares shall be traded on the NYSE Euronext Lisbon stock exchange without the right to payment of dividends (ex-dividend right).
EDP – Energias de Portugal, S.A
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