The Board of Directors of EDP Renováveis (EDPR) has approved a capital increase operation, through the incorporation of reserves, of up to 81.2 million euros, to implement the flexible remuneration program for shareholders (‘scrip dividend’), it announced.
In a statement released to the Portuguese Securities Market Commission (CMVM), EDPR recalled that its management “proposed, as it did in 2023, a flexible remuneration program for shareholders to replace the ordinary dividend,” which was approved by the group’s general meeting.
Thus, the company’s Board of Directors “decided today to approve a capital increase operation through the incorporation of reserves in the amount of up to 81,268,100 euros, for the purposes of implementing the ‘scrip dividend’ program”.
Thus, under the ‘scrip dividend’ program, “shareholders will be free to choose between” not “selling all or part of their incorporation rights to EDPR or to third parties on the Euronext Lisbon regulated market, receiving shares, selling all or part of their incorporation rights to EDPR or selling all or part of their incorporation rights to third parties on the Euronext Lisbon regulated market (or combining any of the above options as they see fit),” it said.