Repsol’s Board of Directors has agreed to convene the company’s Annual General Meeting, which will take place, likely at second call, on May 19th.
The Board will submit to the Annual General Meeting the approval of the financial accounts and the distribution of earnings corresponding to the fiscal year 2016, when the company achieved its greatest net profit in four years.
The Board of Directors has approved a proposal for the distribution, through the “Repsol Flexible Dividend” program, of the equivalent to about 0.45 euros per share, gross and in place of the final dividend for 2016. This remuneration adds to that approved by the company, as part of the same program and in substitution of the traditional interim dividend for 2016, for an amount equivalent to approximately 0.35 euros gross per share.
Annual General Meeting will also be asked to approve the appointment of Maite Ballester Fornés, Isabel Torremocha Ferrezuelo and Mariano Marzo Carpio as independent external directors, as well as the re-election of Rene Dahan, Manuel Manrique Cecilia and Luis Suárez de Lezo Mantilla, and the approval of the appointment of Antonio Massanell Lavilla by co-optation and re-election.