Teixeira Duarte S A : 24.05.2023 Information about resolutions of the General Meeting held on the 24th of May 2023 | DOWNLOAD

RELEASE

- Resolutions of the General Meeting held on the 24th of May 2023 -

The General Shareholders' Meeting of TEIXEIRA DUARTE, S.A. was held today, at 6:00 PM, near to the Company's head office, at the "Lagoas Park" Convention Centre, located at Rua Encosta das Lagoas, in Porto Salvo, Oeiras, with shareholders holding 59,95% of the share capital and voting rights.

1. Notwithstanding further details on the proposals put forward and voted, we hereby release the following information on the resolutions taken:

1. The financial and management reporting documentation referring to the 2022 financial year, including the consolidated management report, comprising a chapter on non-financial information, both the individual and consolidated accounts, the supervisory board's report and opinion, account's certification and auditing report, as well as the corporate governance report and the report on remunerations of the managing and supervisory bodies of the company, this last one integrated, under the law, in the aforementioned report on corporate governance were approved by 99,75% of the votes.
2. The proposal for allocation of results submitted by the Board of Directors was unanimously approved, according to which the individual net profit of TEIXEIRA DUARTE, S.A. for the financial year 2022, in the negative amount of EUR 23.825.798,16, be allocated to the Retained Earnings account.
3. The resolution of confidence in the Board of Directors, Supervisory Board, all respective Members and in the Statutory Audit Firm, was unanimously approved.
4. The amendment of the article 10 of the Company's Articles of Association to reduce the term of office of the Statutory Auditor or of the Statutory Audit Firm to a two-year term, while maintaining the term of office for the other members of the corporate bodies, and to adjust the text of paragraph 1 of article 11 of the Articles of Association accordingly was unanimously approved.

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1. The Election, for the 2023/2026 period, of the members of the Chair of the General Shareholders' Meeting, the Board of Directors, the Supervisory Board, as well as the members of the Remunerations Committee mentioned in Article 11 of the Company's Bylaws, was approved by 99,74% of the votes.
2. The Election, for the 2023/2024 period, of the Statutory Auditor or a Statutory Audit Firm, was approved by 99,75 % of the votes.

2. Additional information provided herein under the terms and for the purposes of the legal and regulatory requirements, concerning the disclosure of approved documents:

We hereby release that the documentation related to this General Meeting, namely proposals and the approved reporting documents, is available for consultation at the registered office of the Company and on its website at https://www.teixeiraduarte.pt/en/general-meetings/.

3. Additional information provided herein under the terms and for the purposes of the legal and regulatory requirements, concerning point 1.2 indicated above:

Based on the proposal for allocation of results which was presented by the Board of Directors and unanimously approved, there will be no distribution of dividend to the Shareholders.

Porto Salvo, the 24th of May 2023

Investors Relations,

José Pedro Cobra Ferreira

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