The Ordinary General Meeting of Shareholders of Electrica SA, reunited on April 27, 2018, respecting the legal and statutory requirements, has elected, through the cumulative vote method, a new Board of Directors, consisting of seven members.

The shareholders of Electrica have decided to elect the following members in the Board of Directors: Doina Elena Dascălu, Gicu Iorga, Ramona Ungur, Valentin Radu, Arielle Malard De Rothschild, Bogdan Iliescu and Willem Jan Antoon Henri Schoeber. The term of office for the elected members is 4 years.

The confirmation, through this vote, of five of the current members of the Board represents a guarantee of the continuity of vision for the transformation and efficiency projects initiated within the Electrica Group, writes the company in a press release.

The OGMS meeting was attended by the shareholders registered in the shareholder’s register kept by Depozitarul Central S.A. on 28 March 2018, set as reference date, in person, by representative or through vote by correspondence, the quorum met being 79.633% of the total voting rights and 78.047% of the share capital of the Company.

At the proposal of the Board of Directors of Electrica SA, the Ordinary General Meeting of Shareholders also approved, on April 27, 2018, the distribution of the net profit for the financial year 2017, the total gross dividend value, 245,370,004 lei, and the gross dividend per share, 0.77237 lei. The approved date of payment of the dividends is June 22, 2018.

The Ordinary General Shareholders’ Meeting also approved Electrica’s Individual and Consolidated Annual Financial Statements for the financial year ending December 31, 2017, based on the Consolidated Directors’ Annual Reports and the Independent Auditor’s Reports.