Report and Accounts 2011 | 1 - Efacec

2.4 SHARE CAPITAL OF EFACEC
The company’s share capital is €41 641 416 (forty-one million, six
hundred and forty-one thousand, four hundred and sixteen Euros),
Information concerning Articles no. 447 and no. 448 of the Commercial Companies Code
Shareholdings structure:
fully subscribed and paid-in, represented by a total of 41 641 416
in ordinary shares with a par value of 1 euro, without any special
rights.
SHAREHOLDERS NO. SHARES % SHARE CAPITAL % VOTES
José de Mello, S.G.P.S., S.A. 6 475 671 15.55% 15.55%
Tecnocapital, S.G.P.S., S.A. 4 101 222 9.85% 9.85%
Através da Efacec Sistemas de Gestão, S.A.¹ 10 243 815 24.6% 24.6%
Grupo José de Mello 20 820 708 50% 50%
Têxtil Manuel Gonçalves, S.G.P.S., S.A. 9 957 952 23.91% 23.91%
��������������������������� 210 000 0.50% 0.50%
SPE - Sociedade Portuguesa de Electricidade e Calor, S.A. 408 942 0.98% 0.98%
Através da Efacec Sistemas de Gestão, S.A. ¹ 10 243 814 24.6% 24.6%
Grupo Têxtil Manuel Gonçalves 20 820 708 50% 50%
TOTAL 41 641 416 100% 100%
Note 1: The shareholder Efacec Sistemas de Gestão, S.A. holds 20 487 629
shares of the Company (corresponding to 49.2% of its share capital) and is
held by José de Mello, S.G.P.S., S.A. at 50% and by Têxtil Manuel Gonçalves,
S.G.P.S., S.A. 50%.
2.5 DISTRIBUTION OF EARNINGS
The General Meeting is responsible for the dividend policy. However
the company’s Board of Directors has sought to follow a dividend
distribution policy that effectively and gradually remunerates
its shareholders, taking into consideration the increase of the
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determined by the balance sheet will be allocated as follows:
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completed or whenever it needs to be reincorporated.
b) The balance for any other allocation that is voted by the General
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Note 2: The Company does not hold any own shares, nor acquired own shares
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Note 3: None of the members of the Company’s management and supervision
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During the 1st quarter of 2011 it was distributed among the
shareholders of Efacec Capital S.G.P.S., S.A. the amount of 9
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Concerning the same period, 7 300 000 Euros had already been paid
as interim dividends, in the 4th quarter of 2010.
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proposes that the individual Net Income of Efacec Capital, SGPS,
S.A., amounting to €20 059 664.13, be transferred to Free Reserves.
Report and Accounts 2011 | 17