Corporate Person and Lisbon Companies Registry no: 502.593.130
DISCLOSURE
ANNUAL GENERAL MEETING
We hereby disclose that the company's annual general meeting, held today at 10:30 a.m. the following resolutions were adopted:
1. Approval of the Management Report, the Corporate Governance Report, the Accounts and other Financial Statements for the financial year of 2019, separate and consolidated, and the non-financial statements (Sustainability Information), as submitted for the Shareholders' consideration;
2. Approval of the proposal for allocation of the Net Profits for the individual period, determined under the IFRS rules, in the amount of 124,053,719.73 euros (one hundred and twenty-four million, fifty-three thousand, seven hundred and nineteen euros and seventy-three cents) be allocated as follows:
Dividends on outstanding shares… ..................................... 9,983,671.63 euros*
* excluding own treasury shares held; 1,400,627 own shares were considered; on the payment date, if this amount is changed, the total dividends payable may be adjusted, while the amount payable per share will remain unchanged.
3. Approval of a vote of confidence in the Management and Supervisory Bodies and in the respective members;
4. Approval of the statement on remuneration policy for company officers proposed by the Remuneration Committee, and
Semapa - Sociedade de Investimento e Gestão SGPS SA published this content on 29 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2020 14:07:10 UTC
Semapa is a diversified group organized around 3 sectors of activity:
- production of paper and pulp (78.9% of net sales);
- production of cement and building materials (19.3%): primarily cement and clinker, aggregates, mortar and ready-to-use concrete;
- environmental services (1.8%).
Net sales are distributed geographically as follows: Portugal (24.5%), Europe (43.8%), Americas (14.1%), Africa (12.1%) and Asia (5.5%).