Endesa, S.A. UK Regulatory Announcement: Dividend Declaration

MADRID–(BUSINESS WIRE)– 

Borja Acha Besga

Secretary of the Board of Directors

Madrid 23 November 2023

In accordance with the provisions of Article 228 of the Spanish Securities Market Act, Endesa, S.A. hereby issues notice of the following Insider Information:

The Company’s Board of Directors has adopted the following resolutions:

INTERIM DIVIDEND

To distribute to Endesa, S.A. shareholders an interim dividend against FY 2023 profits in the amount of €0.50 gross per share.

Payment of this dividend will be made, subject to the provisions of current tax regulations, from 2 January 2024 through Banco Santander, S.A., in accordance with the provisions in force for entities participating in Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A., (IBERCLEAR).

Consequently, the relevant dates for this corporate transaction are as follows:

• Date from which the shares of Endesa, S.A. will be traded without the right to benefit from the dividend (ex-dividend date): 28 December 2023.
• Date on which the registered shareholders entitled to demand benefits in their favor from Endesa, S.A. will be identified (record date): 29 December 2023
• Payment date: 2 January 2024

DIVIDEND POLICY OF ENDESA, S.A. 2023-2026

The Board of Directors promotes an economic-financial strategy that, taking into account the Company’s results and guaranteeing the financial structure, makes it possible to maximize shareholder remuneration. This will also enable compliance with the objective of ensuring the sustainability of Endesa’ s business project.

Unless exceptional circumstances arise, that will be duly reported, as part of this economic and financial strategy, the Board of Directors will try to ensure that the ordinary dividend per share that is agreed to be distributed for the financial years 2023 to 2026, both inclusive, will be the equivalent to 70% of the ordinary net profit attributable to the Parent Company in accordance with the Group’s Consolidated Financial Statements, with a minimum of 1 euro gross per share for the years from 2023 to 2026, both inclusive.

The Board of Directors intends to pay this ordinary dividend exclusively in cash by means of two payments (January and July) on a specific date to be confirmed for each month and which will be suitably announced.

However, it should be remembered that Endesa’s capacity to pay dividends to its shareholders depends on numerous factors, including profits obtained, the availability of distributable reserves and its liquidity situation, and cannot guarantee that dividends will be paid in future years, nor the amount that will be paid out.

In line with the principle of transparency set down in Endesa’s market disclosure strategy, the company will announce any amendments to this dividend policy sufficiently in advance, in addition to all relevant dates for shareholders entitled to receive remuneration.

Secretary to the Board of Directors

Endesa, S.A. Registered offices: Calle Ribera del Loira, 60, Madrid. Registered in the Mercantile Registry of Madrid, page M-6405, volume 323, folio 1, Spanish Tax ID (C.I.F.) A28023430.

“This English-language version has been translated from the original issued in Spanish and is provided for informational purposes only. In the event of discrepancy, the Spanish-language version prevails.”

Contacts

Endesa, S.A.