Teixeira Duarte S A : 22.05.2024 Information about resolutions of the General Meeting held on the 22nd of May 2024 | DOWNLOAD
May 22, 2024 at 03:41 pm EDT
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- Resolutions of the General Meeting held on the 22nd of May 2024 -
The General Shareholders' Meeting of TEIXEIRA DUARTE, S.A. was held today, at 6:00 PM, near to the Company's head office, at the "Lagoas Park" Convention Centre, located at Rua Encosta das Lagoas, in Porto Salvo, Oeiras, with shareholders holding 59,86% of the share capital and voting rights.
1. Notwithstanding further details on the proposals put forward and voted, we hereby release the following information on the resolutions taken:
The financial and management reporting documentation referring to the 2023 financial year, including the consolidated management report, comprising a chapter on non-financial information, both the individual and consolidated accounts, the supervisory board's report and opinion, account's certification and auditing report, as well as the corporate governance report and the report on remunerations of the managing and supervisory bodies of the company, this last one integrated, under the law, in the aforementioned report on corporate governance were approved by 99,68% of the votes.
The proposal for allocation of results submitted by the Board of Directors was unanimously approved, according to which the individual net profit of TEIXEIRA DUARTE, S.A. for the financial year 2023, in the negative amount of EUR 22.313.320,96, be allocated to the Retained Earnings account.
The resolution of confidence in the Board of Directors, Supervisory Board, all respective Members and in the Statutory Audit Firm, was unanimously approved.
The acquisition and disposal of the Company own shares was approved by 99,74% of the votes.
The ratification of the co-optation of one Board Member, elected by the Board of Directors, on 28.09.2023, to fulfil a vacancy in the Board, as a result of the resignation of the previous holder of the position, was approved by 99,74% of the votes.
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1.6. The election of a Secretary to the Board of the General Meeting to hold office until the end of the current term (2023/2026), given the resignation of the previous holder of the position, was approved by 99,68% of the votes.
2. Additional information provided herein under the terms and for the purposes of the legal and regulatory requirements, concerning the disclosure of approved documents:
We hereby release that the documentation related to this General Meeting, namely proposals and the approved reporting documents, is available for consultation at the registered office of the Company and on its website at https://www.teixeiraduarte.pt/en/general-meetings/.
3. Additional information provided herein under the terms and for the purposes of the legal and regulatory requirements, concerning point 1.2 indicated above:
Based on the proposal for allocation of results which was presented by the Board of Directors and unanimously approved, there will be no distribution of dividend to the Shareholders.
Porto Salvo, the 22nd of May 2024
Investors Relations,
José Pedro Cobra Ferreira
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Teixeira Duarte, S.A. is one of the largest Portuguese economic groups. The group is organized in six different sectors such as Construction (63.5% of sales), Concessions and Services (10.7%), Retail (10.7%), Real Estate (7.1%), Hospitality (4.3%) and Automotive (3.7%).
Construction has been Teixeira Duarte Group's core business since its formation, as well as the activity of the principal company of the Group, Teixeira Duarte - Engenharia e Construções, S.A., which operates in the areas of Geotechnics and Rehabilitation, Buildings, Infrastructures, Mechanical Engineering, Underground Works, Railway Works and Maritime Works supported by a Shuttering and Prestressing Operating Centre, a large-scale and highly technological Equipment Department, a Materials Laboratory and a Teixeira Duarte Operating Centre installed on a plot of land covering an area of 127,000 m2 and which is of enormous benefit to the Company and services rendered to its customers.
Net sales are distributed geographically as follows: Portugal (34.2%), Brazil (25%), Angola (21.5%), Mozambique (4.1%), Spain (1.6%) and other (13.6%).
TEIXEIRA DUARTE, S.A. 
