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Shareholders' General Meeting

The Shareholders’ General Meeting of Sonae SGPS will be held on the 30th April 2020 exclusively through telematic resources.
In order to ensure the exercise of your voting right, we recommend that you vote through electronic means.
For further information, please click here.

2020
Shareholders’ Annual General Meeting | 30th April 2020
Notice of Meeting
Rules for the entitlement to participate at the General Meeting
23rd April
(until 00:00 hours GMT)
Deadline for receipt of notices from shareholders regarding their intent to participate at the General Meeting, addressed to the Chairman of the Board of the Shareholders’ General Meeting and to the financial intermediary.

The notice addressed to the Chairman of the Board of the Shareholders’ General Meeting must be sent by email.

Send email
23rd April
(until 00:00 hours GMT)
Deadline for receiving information, under the terms of nr. 6 of article 23-C of the Portuguese Securities Code, from shareholders who, as professionals, hold shares registered in his/her/its own name but on behalf of his/her/its clients, and wish to vote in different directions with his/her/its shares.

The information must be sent by email.
Send email
23rd April
(until 00:00 hours GMT)
Record Date. Only shareholders that, on this date and at this time, hold shares which grant them at least one vote, can attend the General Meeting.
Send email
24th April
(until 00:00 hours GMT)
Deadline for financial intermediaries to inform the Chairman of the Board of the Shareholders’ General Meeting of the number of shares registered in the name of each shareholder who has stated his/her/its intention to attend the General Meeting.

The information must be sent by email.
Send email
Rules for the Exercise of the Representation Right and the Voting Right Through Electronic Means and by way of Postal Vote
27th April
(until 18:00 hours GMT)
Deadline for receiving the ballot vote of the shareholders who wish to vote by electronic means or by postal vote.
Votes sent by electronic means must be sent to the email.

Postal votes must be sent to the Company’s head office by way of registered post addressed to the Chairman of the General Meeting of Shareholders. Although being a prerogative of the Shareholders, it is hereby not advised to use postal voting due to the current national emergency context for the prevention of public health. It is therefore strongly recommended to use the vote through electronic means.

Send email
27th April
(until 18:00 hours GMT)
Deadline for receiving representation letters.

The representation letters must be sent by email.

Send email
Preparatory information
Proposals
Form of participation in the General Assembly
resolutions adopted
The Shareholders’ Annual General Meeting Sonae - SGPS, SA gathered exclusively through telematic resources at 11h30 am on the 30th April 2020, acting as Chairman of the Board of the Shareholders General Meeting Mr. Carlos Manuel de Brito do Nascimento Lucena and as Secretary Ms. Maria Daniela Farto Batista Passos. There were present or represented shareholders holding 1,484,352,495 shares corresponding to 74.22% of the voting rights, who approved the following proposals submitted on each item on the agenda:
Agenda/proposals
For
Against
Abstain
No. Issued Votes
% Share Capital*
No. Shares
  • Agenda/proposals
    Discuss and aprove the Company’s Annual Report, balance sheet and the individual and consolidated accounts for the financial year ended 31st December 2019.
    Appendix
    For
    100%
    Against
    0%
    Abstain
    587,865
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide on the appropriation of the financial year net result.
    For
    100%
    Against
    0%
    Abstain
    0
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Assess the management and audit of the Company.
    For
    100%
    Against
    0%
    Abstain
    915,126
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide on the statement issued by the Shareholders’ Remuneration Committee regarding the remuneration policy of the statutory governing bodies, as well as the shares attribution plan and respective regulation.
    Appendix
    For
    98.86%
    Against
    1.14%
    Abstain
    3,676,791
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide, pursuant to article 8 of the Articles of Association, on the applicable principles for an issuance of convertible bonds, as may be decided by the Board of Directors.
    For
    99.52%
    Against
    0.48%
    Abstain
    351,631
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide on the suppression of the shareholders’ pre-emptive right in the subscription of any issuance of convertible bonds decided by the Board of Directors pursuant to the terms of the proposal approved under agenda item 5.
    Appendix
    For
    99.54%
    Against
    0.46%
    Abstain
    25,000
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide on the increases of share capital eventually necessary for the conversion of convertible bonds that, pursuant to agenda item no. 5, may be decided by the Board of Directors.
    For
    99.61%
    Against
    0.39%
    Abstain
    25,000
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide on the authorisation for the purchase and sale of own shares up to the legal limit of 10%.
    For
    99.92%
    Against
    0.08%
    Abstain
    885,694
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide on the authorisation for the purchase and sale of bonds issued by the Company up to the legal limit of 10%.
    For
    100%
    Against
    0%
    Abstain
    0
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
  • Agenda/proposals
    Decide on the authorisation for the purchase and/or for the holding of shares of the Company by its subsidiaries, under the applicable terms of article 325-B of the Portuguese Companies Act.
    For
    99.92%
    Against
    0.08%
    Abstain
    860,964
    No. Issued Votes
    1,484,352,495
    % Share Capital*
    74.22%
    No. Shares
    1,484,352,495
Additionally to the proposals related to the items of the Agenda, to the Shareholders’ Annual General Meeting were available the Management Report (including the Corporate Governance Report and the individual and consolidated accounts), the Statutory Audit Board Report and the Accounts Legal Certification issued by the Statutory External Auditor, as well as the information required by article 289 of the Portuguese Companies Act and by article 21, paragraph c) of the Portuguese Securities Code.