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BUCHAREST - Romanian energy company Societatea Energetica Electrica SA (Electrica) announced on Monday that its Ordinary General Meeting of Shareholders (OGMS) approved several key financial decisions, including the distribution of dividends for the fiscal year ended December 31, 2024. The meeting, attended by a quorum of 89.94% of the total voting rights, took place at the company’s headquarters in Bucharest.
During the meeting, shareholders approved the Separate and Consolidated Annual Financial Statements for the year ended December 31, 2024. These statements were prepared in accordance with both Romanian and European Union accounting regulations and were accompanied by an Independent (LON:IOG) Auditor’s Report. Notably, the Consolidated Annual Financial Statements included a Sustainability Reporting section, fulfilling the requirements of the EU’s Corporate Sustainability Reporting Directive and related national legislation.
The approved gross dividend per share was set at RON 0.1767, with a total gross dividend value of RON 59,999,016 to be distributed from the net distributable profit after legal reserves appropriation. The payment date for the 2024 dividends was set for June 27, 2025.
Additionally, the shareholders voted to discharge the members of Electrica’s Board of Directors from liability for the financial year 2024. They also approved the income and expenses budget for the company for the financial year 2025, both at individual and consolidated levels.
Another decision made at the meeting was the establishment of June 4, 2025, as the registration date for identifying shareholders entitled to dividends and other rights. The ex-date, when shares will trade without rights deriving from the OGMS, was set for June 3, 2025.
Lastly, the OGMS empowered the Chair of the Meeting and the secretaries to sign the resolution and perform all necessary legal formalities for its registration and publication.
This announcement, based on a press release statement, highlights Electrica’s financial performance and shareholder decisions, reflecting the company’s compliance with regulatory requirements and its commitment to shareholder returns.
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