CTT Correios de Portugal S A : informs about the resolutions of the 2022 Annual General Meeting
April 21, 2022 at 12:28 pm EDT
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CTT - Correios de Portugal, S.A.
Avenida D. João II, 13
1999-001 LISBON
Lisbon commercial registry and fiscal no. 500 077 568
Share Capital EUR 75,000,000.00
Announcement - Lisbon, 21 April 2022
Material information
Resolutions of the Annual General Meeting
CTT - Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that the following resolutions were adopted by the Shareholders at the Annual General Meeting held today:
1. The approval of the CTT - Correios de Portugal, S.A.'s financial statements for the 2021 financial year, including the management report, the individual and consolidated accounts, the corporate governance report (that includes the report on remuneration), non-financial information, including sustainability, and other corporate, supervisory and audit information documents, which form the Integrated Report;
2. The allocation of profits for the 2021 financial year as proposed by the Board of Directors, including the payment of a gross dividend of €0.12 per share;
3. A vote of positive appreciation and praise for the Company's Board of Directors, the Audit Committee, the Statutory Auditor and each of their members on the performance of their functions during the financial year of 2021;
4. Granting authorization to the Board of Directors for the acquisition and transfer of own shares by the Company and its subsidiaries;
5. The approval of a reduction in share capital of up to 2,325,000 Euros for the purpose of releasing excess capital, by means of cancellation of up to 4,650,000 shares representing up to 3.1% of the share capital already acquired or to be acquired in connection with a share buyback programme, as well as on related reserves, and on the corresponding amendment to paragraphs 1 and 2 of article 4 of the Articles of Association.
This information to the market and the general public is made under the terms and for the purposes of article 29-Q of the Portuguese Securities Code and other legislation in force. It is also available on CTT website at:https://www.ctt.pt/grupo-ctt/investidores/comunicados/index?language_id=1.
CTT - Correios de Portugal, S.A.
www.ctt.pt
CTT - Correios de Portugal, S.A.
Avenida D. João II, 13
1999-001 LISBON
Lisbon commercial registry and fiscal no. 500 077 568
CTT – Correios de Portugal SA published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 16:24:06 UTC.
CTT-Correios de Portugal, S.A. is the Portuguese leader in postal services provision. Net sales break down by activity as follows:
- mail collection and delivery (50.4%): letters, postcards, ads, advertising documents, newspapers, etc.;
- express and parcels transportation and delivery services (40.2%): activity ensured in Portugal, Spain and Mozambique;
- sale of financial products and services (7.2%): public debt certificates, postal saving products, insurance and postal money orders;
- banking and payment services (2.2%): savings accounts, consumer credit (auto loans and credit cards), mortgage loans, off-balance sheet savings. The group also provides payment solutions (Payshop) allowing paying for purchases through the Internet and via certified agents (kiosks, tobacconists, supermarkets, etc.).
Portugal accounts for 69% of net sales.
CTT-CORREIOS DE PORTUGAL, S.A. 
