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Galp approves a reduction of the share capital by up to 9% through the extinction of shares

Image credit: Notícias ao Minuto

The approval of a dividend distribution of 0.34 euros per share has been confirmed, in addition to the 0.28 euros previously paid. The newly approved proposal outlines the distribution of 0.34 euros per existing share.

This adds to the already distributed 0.28 euros per share, paid as an advance on 2024 profits, bringing the total dividend to 0.62 euros per share. The estimated total value of this distribution amounts to 468,589,722.26 euros.

Information submitted to the Comissão do Mercado de Valores Mobiliários (CMVM) also confirms the approval of the 2024 accounts and the ratification of the appointment of Nuno Holbech Bastos as a member of the Board of Directors to complete the ongoing term (2023-2026).

The agenda further included a general assessment of the Board of Directors, the Fiscal Council, and the Chartered Accountant, all of which received approval. Shareholders of the oil company have also authorized the Board of Directors to purchase or sell company shares and bonds, and they deliberated on the remuneration policy for executive members.

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