MADRID, 23 Abr. (EUROPA PRESS) -
Endesa's general shareholders' meeting, which will be held on April 28 on a single call, will re-elect Juan Sánchez-Calero Guilarte, the company's current non-executive chairman, as an independent director for another four years, at a meeting that will take place under the shadow of the relays announced in the dome of Enel, matrix of the energy company.
Shareholders will also vote for the re-election of Ignacio Garralda, president of Mutua Madrileña, and Francisco de Lacerda, former CEO of Correos de Portugal, as independent directors, as well as Alberto de Paoli, Enel's financial director, as proprietary director.
Endesa's annual Assembly is held under the shadow of the change in the reins of Enel, the main shareholder of the Spanish electricity company with a 70% stake, given by the Government of Italy with the proposal to appoint Flavio Cattaneo as the new CEO for replace Francesco Starace, current vice president of Endesa and who has led the strategy of the Italian energy company since 2014, and Paolo Scaroni as president.
The CEO of Endesa, José Bogas, renewed his position last year for a period of four years, so he has another three years left at the helm of the energy company.
Likewise, Endesa's meeting will approve the distribution of a gross dividend of 1.5854 euros per share charged to the result of the 2022 financial year and the remainder of previous fiscal years.
The dividend will be paid on July 3, 2023. For the company, it will mean distributing a maximum of 1,678.5 million euros among its shareholders, of which Enel, which owns 70.1%, will receive a maximum of 1,176 million euros. euro.
Likewise, the meeting will vote on the binding annual report on the remuneration of the directors, and the strategic incentive 2023-2025, which includes payment in company shares, will be submitted for approval.
This incentive is a long-term remuneration system whose main purpose is to reward the contribution to sustainable compliance with the Strategic Plan of people who occupy positions of greater responsibility. It is addressed to the executive director, José Bogas, and to the other executives of the Endesa Group with strategic responsibility that are determined by the board of directors.
For the CEO, the base incentive (target) will be 518,000 euros, and the maximum number of shares to which he will be entitled will be 19,806. Both the payment by delivery of shares and the payment in cash will be subject to the payment and deferral rules established by the remuneration policy and the board of directors and, in particular, to the corresponding 'malus' and 'clawback' clauses. .
The accrual of the incentive is subject to the fulfillment of four objectives during the period, among which are the reduction of CO2 emissions of Endesa in Spain and Portugal in 2025 (with a weighting of 10% in the incentive) and the percentage of women in management succession plans in 2025 (also with a 10% weighting).
The approval of a series of operations related to Enel will also be submitted, such as lines of credit and loans with Enel Finance International, the contracting of corporate services provided by Endesa companies to Gridspertise Iberia or the contracting of technical resources associated with the engineering service for the development of renewables to Enel Green Power, among others.
In addition, the shareholders will vote on another Endesa related operation for the sale to Enel during this year of approximately 4.5 terawatt hours (TWh) of liquefied natural gas (LNG) for 302.7 million euros.
