REN Redes Energeticas Nacionais : General Shareholders’ Meeting approves all the items being voted on with a large majority
May 07, 2019 at 06:08 am EDT
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07.05.2019
REN's General Shareholders Meeting (GM), held today in Sacavém, approved all seven items being voted on with a considerable majority.
With 60.68% of the share capital represented, REN's shareholders approved the financial statements for the accounting period ended 31 December 2018, as well as the proposal for the appropriation of profits, the acquisition and sale of own shares and bonds and the Statement of the Remuneration Committee on the remuneration policy for members of the company's governing bodies.
A vote of positive appreciation and praise to REN's Board of Directors was also approved due to its performance, with over 99% of the votes. It ensured compliance with all its responsibilities, having successfully completed the 2015-2018 strategic plan and presented a new strategic plan for the Group for 2018-2021, in accordance with the best expectations. '2018 was a historic year for REN, which for the first time saw the approval of the Development and Investment Plan for the Electricity Transmission Network (PDIRT) and the Development and Investment Plan for the National Transmission Network, Storage Infrastructure and Liquefied Natural Gas Terminal (PDIRGN), for the 2018-2027 period', mentions the item submitted to consideration by REN's shareholders.
Finally, the appointment of Ana Pinho Macedo Silva as member of REN's Board of Directors to complete the current mandate (2018-2020) was also voted on and approved.
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REN - Redes Energéticas Nacionais SGPS SA published this content on 07 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 May 2019 10:07:09 UTC
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
