Galp Energia : Resolutions of the Annual General Shareholders Meeting
May 15, 2018 at 08:43 am EDT
Share
Galp Energia, SGPS, S.A. informs that at the annual general meeting held today all proposals in the agenda have been approved, namely:
The management sole report and the individual and consolidated accounts for the year 2017, including the corporate governance report and the non-financial information, together with, namely, the accounts' legal certification documents and the activity report and opinion of the Audit Board.
The proposal to allocate the 2017-year results.
A vote of regard and confidence to the Board of Directors and to each of its members for the development of the management of the Company during 2017.
A vote of regard and confidence to the Audit Board and to each of its members for the development of the supervision of the Company during 2017.
A vote of regard and confidence to the Statutory Auditor for the development of the supervision of the Company during 2017.
The statement of the Remunerations' Committee on the remuneration policy of the Company's corporate bodies members for 2018.
The granting of authorization to the Board of Directors for the acquisition and sale of treasury shares and own bonds or other own debt securities, by the Company or by its affiliates, for a period of 18 months.
All documents related to the AGM are available on the Company's website.
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Galp Energia SGPS SA published this content on 15 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2018 12:42:09 UTC
Galp Energia, SGPS, S.A. is a leading European oil and gas group. The group also produces electrical power. Net sales break down by activity as follows:
- distribution of oil, natural gas and electricity (45.2%): 13.8 TWh of natural gas sold in 2023;
- refining and distribution (36.5%): 7.1 million tons of oil products sold. At the end of 2023, the group operated 1,463 service stations in Portugal, Spain and Africa;
- exploration and production of crude oil (16.3%). At the end of 2023, the group's portfolio consisted 13 blocks in Brazil, 3 blocks in Sao Tome and Principe, 2 blocks in Mozambique and 1 block in Namibia;
- other (2%).
Net sales are distributed geographically as follows: Europe (84%), Latin America (12.4%) and Africa (3.6%).