{"id":7811,"date":"2021-04-19T10:04:42","date_gmt":"2021-04-19T09:04:42","guid":{"rendered":"https:\/\/www.b-comm.fr\/en\/?p=7811"},"modified":"2021-04-26T09:44:15","modified_gmt":"2021-04-26T08:44:15","slug":"edprs-shareholders-meeting-approves-an-increase-in-the-number-of-independent-directors-of-its-board","status":"publish","type":"post","link":"https:\/\/www.b-comm.fr\/en\/2021\/04\/19\/edprs-shareholders-meeting-approves-an-increase-in-the-number-of-independent-directors-of-its-board\/","title":{"rendered":"EDPR&#8217;s Shareholders&#8217; Meeting approves an increase in the number of Independent Directors of its Board"},"content":{"rendered":"<p><strong>The body is now composed of 12 members, 50% of which are Independent Directors, in line with best corporate governance practices.<\/strong><\/p>\n<p><strong>The Board has also strengthened the presence of women, who represent 33% of its total membership.<\/strong><\/p>\n<p><strong>The appointments of Miguel Setas as Dominical Director, and those of Rosa Mar\u00eda Garc\u00eda, Antonio Gomes Mota and Jos\u00e9 F\u00e9lix Morgado as Independent Directors have been approved.<\/strong><\/p>\n<p><em>Madrid, April 12th 2021.<\/em> EDP Renov\u00e1veis, SA (\u201cEDPR\u201d), global leader in the renewable energy sector and the world&#8217;s fourth-largest wind and solar energy producer, held its General Shareholders&#8217; Meeting today. Shareholders approved all the items on the agenda, including an increase in the number of Independent Directors of its Board and also a capital increase to partially finance the company&#8217;s 19 billion capex plan to deploy close to 20 GW of renewables by 2025.<\/p>\n<p>The capital increase amounts to 441.25 million euros. To implement it, the company will issue 88.25 million new ordinary shares with a nominal value of 5 euros each and a share premium of 12 euros per share. This means an aggregate issue price of 17 euros per share and cash contributions of more than 1.5 billion euros.<\/p>\n<p>The Shareholders\u2019 meeting also approved EDPR&#8217;s individual annual accounts, as well as those consolidated with its subsidiaries, for the financial year 2020. It also approved the distribution of a gross dividend against last year&#8217;s results for a total amount of \u20ac69.7 million. In addition, a complementary distribution in favour of the shareholders with a charge to unrestricted reserves of up to \u20ac7 million has been approved.<\/p>\n<p>On the other hand, the shareholders have approved the management and performance of EDPR&#8217;s Board of Directors and its Executive Committee during the financial year 2020, ratifying the trust placed in its members.<\/p>\n<p>In this regard, they ratified the proposals for re-election and appointments of directors of the company. Miguel Stilwell and Rui Teixeira were re-elected for a period of three years as Executive Directors, Vera Pinto Pereira Carneiro and Ana Paula Marques as Dominical Directors, Manuel Men\u00e9ndez Men\u00e9ndez as External Director, Ac\u00e1cio Piloto, Allan J. Katz and Joan Avalyn Dempsey as Independent Directors.<\/p>\n<p>In addition, Ant\u00f3nio Gomes Mota, Jos\u00e9 F\u00e9lix Morgado and Rosa Mar\u00eda Garc\u00eda Garc\u00eda have been appointed for a period of three years as Independent Directors and Miguel Setas as Dominical Director.<\/p>\n<p>EDPR is committed to ESG best practices and focused on the continuous improvement of its corporate governance, and the resolutions approved today contribute to a more agile, independent and diverse corporate governance structure. As a result of these resolutions, EDPR strengthens the presence of Independent Directors, representing 50% of the composition of the Board of Directors, as well as the presence of women, representing 33%. In addition, all Board Committees continue to be composed exclusively of Independent Directors.<\/p>\n<hr \/>\n<h3>About EDP Renewables (EDPR)<\/h3>\n<p><strong>\u00a0<\/strong>EDP Renewables (Euronext: EDPR), is a global leader in the renewable energy sector and the world&#8217;s fourth-largest wind and solar energy producer. With a sound development pipeline, first class assets and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 15 international markets (Belgium, Brazil, Canada, Colombia, France, Greece, Italy, Mexico, Poland, Portugal, Romania, Spain, Hungary, the UK and the US).<\/p>\n<p>EDPR is committed to furthering social advances in terms of sustainability and integration. This is reflected by the inclusion of the company in the Bloomberg Gender Equality index and the fact that it has been certified as a Top Employer 2020 in Europe (Spain, Italy, France, Romania, Portugal and the United Kingdom), both of which recognise its employee-driven policies.<\/p>\n<p>Energias de Portugal, S.A. (\u201cEDP\u201d), the principal shareholder of EDPR, is a global energy company and a leader in value creation, innovation and sustainability. EDP has been included in the Dow Jones Sustainability Index for 13 consecutive years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The body is now composed of 12 members, 50% of which are Independent Directors, in line with best corporate governance practices. The Board has also strengthened the presence of women, who represent 33% of its total membership. The appointments of Miguel Setas as Dominical Director, and those of Rosa Mar\u00eda Garc\u00eda, Antonio Gomes Mota and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5825,5828],"tags":[],"class_list":["post-7811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5825","category-edpr"],"_links":{"self":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts\/7811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/comments?post=7811"}],"version-history":[{"count":2,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts\/7811\/revisions"}],"predecessor-version":[{"id":7823,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/posts\/7811\/revisions\/7823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/media\/7807"}],"wp:attachment":[{"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/media?parent=7811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/categories?post=7811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.b-comm.fr\/en\/wp-json\/wp\/v2\/tags?post=7811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}