business plan for 2004 - EDP

2003 - Annual Report - EDP
EDP, S.A. Shareholder Structure
Qualified Holdings
In accordance with the provisions of Article 7.1.d) of
CMVM regulation 11/2000 (as amended by Regulation
24/2000 and by Regulation 13/2002), the following
information is provided in respect of qualified holdings
in EDP – Electricidade de Portugal, S.A., as at December
31, 2003:
EDP, S.A. Shareholder Structure
Shareholders Nº shares
% %
Capital Votes
Direcção Geral do Tesouro 568 853 506 18.96% 19.10%
Parpública - Participações Públicas 214 220 570 7.14% 7.19%
Banco Comercial Português 151 635 713 5.05% 5.00%
Iberdrola 150 000 000 5.00% 5.00%
Caixa Geral de Depósitos 145 316 948 4.84% 4.88%
Brisa 60 002 297 2.00% 2.01%
EDP (own shares) 21 430 964 0.71% -
Restantes Accionistas Privados 1 688 540 002 56.30% 56.69%
Total 3 000 000 000 100.00%
Note: in accordance with the provisions of article 12.3 of the EDP Articles
of Association, no private shareholder may cast votes exceeding 5% of the
total votes corresponding to the share capital.
EDP, S.A. Shareholder Structure
Iberdrola 5.00%
CGD 4.84%
BCP 5.05%
Treasury shares 0.71%
Other 56.30%
DGT 18.96%
Parpública 7.14%
Brisa 2.00%
Allocation of voting rights pursuant to the terms
of Article 20.1 of the Securities Code
Shareholder information of holdings
Shareholders Nº shares
% %
Capital Votes
Caixa Geral de Depósitos 145 316 948 4.84% 4.88%
Fidelidade-Mundial 2 242 633 0.07% 0.08%
Sub-Total 147 559 581 4.91% 4.96%
BRISA Participações, S.G.P.S.
Board Members of BRISA
60 002 297 2.00% 2.01%
Participações, S.G.P.S. 8 085 0.00% 0.00%
Sub-Total 60 010 382 2.00% 2.01%
Banco Comercial Português
Board Members of
151 635 713 5.05% 5.00%
BCP, S.A. 36 448 0.00% – ––
Grupo Seguros e Pensões
Board Members of Grupo Seguros
9 142 106 0.30% – ––
e Pensões 27 715 0.00% – ––
Fundação Banco Comercial Português 350 000 0.01% – ––
Sub-Total 161 191 982 5.36% 5.00%
Note: in accordance with the provisions of article 12.3 of the EDP Articles
of Association, no private shareholder may cast votes exceeding 5% of the
total votes corresponding to the share capital.
Dividend Policy
Since the start of the admission to listing of EDP shares
on the Lisbon Stock Exchange (now Euronext Lisbon),
EDP has undertaken a carefully-planned and reasoned
dividend distribution in accordance with rules of
prudence and value creation for its shareholders. In
keeping with these rules the dividends distributed by
EDP since 1997 have been as follows:
Dividends
Year
Approval Payment Gross Net dividend
date date dividend Residents Non Resid.
1997 (1) 17/04/98 18/05/98 € 0.648 € 0.534 € 0.534
1998 (1) 11/05/99 28/05/99 € 0.698 € 0.620 € 0.620
1999 (1) 12/05/00 31/05/00 € 0.698 € 0.611 € 0.611
2000 (2) 10/05/01 31/05/01 € 0.140 € 0.119 € 0.119
2001 (2) 10/05/02 06/06/02 € 0.113 € 0.099 € 0.093
2002 (2) 22/05/03 18/06/03 € 0.090 € 0.079 € 0.074
(1) Figures translated from escudos to euros rounded to the third decimal
point. The gross value per share expressed in the new currency as of the
date of payment of the dividend was 129$87 in 1997, 140$00 in 1998 and
140$00 in 1999
(2) After the “stock split” in which each share was replaced by five shares
each of a par value equal to 1/5 of its value before the "stock split”.
With regard to 2002, the EDP Board of Directors
submitted to the Annual General Shareholders’ Meeting
held on May 22, 2003, a proposal for the appropriation of
the net income in the sum
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