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MADRID - Endesa (BME:ELE), S.A., the Spanish energy company, has announced its Annual General Shareholders’ Meeting (AGM) will be held on April 29, 2025, at its Madrid headquarters. Shareholders are entitled to attend the meeting remotely.
The AGM’s agenda includes the approval of the individual and consolidated annual financial statements for the fiscal year ending December 31, 2024. The management report and the consolidated statement of non-financial information and sustainability for the same period will also be up for approval.
A key item on the agenda is the approval of the proposed profit distribution for the year ended December 31, 2024, which includes the distribution of a dividend. An interim dividend of €0.50 gross per share was paid on January 8, 2025, and the final dividend, amounting to €0.8177 gross per share, is scheduled for payment on July 1, 2025.
Additionally, the AGM will vote on the re-election of KPMG Auditores, S.L. as the statutory auditor for financial years 2026, 2027, and 2028. Another significant proposal is the reduction of share capital by retiring a maximum of 104,558,375 own shares, which constitutes 9.87% of the share capital. These shares were acquired under the buy-back program executed as the second tranche of the Share Buy-back Framework Program approved by the Board of Directors on March 26, 2025, for the purpose of being retired.
The meeting will also include a binding vote on the Annual Report on Directors’ Compensation and approval of the Strategic Incentive 2025-2027, which includes payment in company shares.
Endesa has made available all relevant documents and reports related to the AGM on its website, offering shareholders the right to inspect and obtain copies at the company’s registered offices until April 28, 2025. Shareholders may also request information or clarification regarding the agenda items up until April 24, 2025.
The resolutions and proposals are part of the company’s ongoing efforts to manage its financial resources effectively and reward shareholders while maintaining a focus on sustainable growth. This information is based on a press release statement from Endesa, S.A.
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