Shareholders structure

 

Shareholder Structure

  • As of December 31, 2013, the Czech Republic remained the company's largest shareholder with a nearly 70% stake in the stated capital.
  • As at December 31, 2013, the stated capital of ČEZ, a. s. totaled CZK 53,798,975,900. The Company's stated capital consists of 537,989,759 shares, each with a nominal value of CZK 100. The issue price of all shares had been fully paid in. All the shares were booked to owner, and were listed.
  • The company's stated capital is allocated exclusively to common shares, with no special rights attached. All of the company's shares are accepted for trading on the Prague Stock Exchange and the Warsaw Stock Exchange in the Republic of Poland and are negotiable without limitations. No other securities issued by ČEZ, a. s. are limited in their
    negotiability, nor are any special rights attached.
  • Treasury shares - At the beginning of 2013, there were 3,875,021 treasury shares, or 0.72% of the stated capital, on ČEZ's asset account with the Central Securities Depository.
    During the year, no beneficiaries of the motivational stock options program exercised claims to shares.
    At year end 2013, there were 3,875,021 treasury shares, or 0.72% of the stated capital, on ČEZ's asset account with the Central Securities Depository.


As of December 31, 2013, the following entities were recorded as having stakes of at least 1% of the stated capital of ČEZ, a. s.:

  • The Czech Republic, represented by the Ministry of Finance of the Czech Republic, the Ministry of Labor and Social Affairs of the Czech Republic, and the Office for Government Representation in Property Affairs, with a combined total stake of 69.78% of the stated capital.
    The Czech Republic's equity stake allows it to exercise direct control over ČEZ using conventional means, i.e. in particular by voting at General Meetings. Other shareholders are informed of any negative influence the controlling entity may have on the Company through the Related Parties Report, which is a public document under Czech law and is attached to the Annual Report.
  • Clearstream Banking, s. a., whose stake is 3.39% of the stated capital.
  • Chase Nominees Limited, whose stake is 2.46% of the stated capital.
  • Brown Brothers Harriman, whose stake is 1.73% of the stated capital.
  • Nortrust Nominee Limited, whose stake is 1.09% of the stated capital.

 

Shareholder Structure  
      at 31. 12. 2012 at 31. 12. 2013
Legal entities, total     93.33 % 92.70 %
Czech Republic     69.78 % 69.78 %
ČEZ, a. s.        0.72 % 0.72 %
Other legal entities     22.83 % 22.20 %
Private individuals, total     6.67 % 7.30 %

 

Shareholder Relations

ČEZ, a. s., proceeds in accordance with the provisions of the Commercial Code with respect to protection of shareholder rights.

ČEZ, a. s., convenes and runs General Meetings in full compliance with applicable law and ensures that General Meeting resolutions are put into practice. ČEZ, a. s. duly complies with its information disclosure requirements vis-á-vis shareholders. The company ensures that all shareholders receive equal treatment. The company ensures that investors receive quarterly reports updating them on the company’s performance and a list of dates when announcements will be made concerning earnings and General Meetings (convening, conclusions and resolutions), as well as when securities prospectuses will be made available. Don’t even need to make this an intro it has already basically been stated twice in the above paragraphs.

Dividends

ČEZ, a. s. has been paying regular dividends to shareholders since 2001. Pay out takes place once per year. Rising dividends reflect the financial success of CEZ Group. Starting with the dividends for the fiscal year 2007, ČEZ, a. s. will be applying a new dividend policy under which it will pay out to shareholders 50-60% of the consolidated net income.

In 2013 and 2012, the company paid a dividend CZK 40, per share.

Dividend payments of ČEZ, a. s.
Dividends
for year
2001 2002 2003 2004
Gross dividend
per share (CZK)
2,50 4,50 8,00 9,00
Payment date 1. 8. 02 – 31. 7. 07 1. 8. 03 – 31.7.08 2. 8. 04 – 31. 7. 09 1. 8. 05 – 31. 7. 10
Record date 11. 6. 2002 17. 6. 2003 17. 6. 2004 20. 6. 2005
Administrator Česká spořitelna
Dividend payments of ČEZ, a. s.
Dividends
for year
2005 2006 2007 2008
Gross dividend
per share (CZK)
15,00 20,00 40,00 50,00
Payment date 1. 8. 06 – 31. 7. 11 1. 8. 07 – 31. 7. 11 1. 8. 08 – 31. 7. 12 1. 8. 09 – 31. 7. 13
Record date 23. 5. 2006 23. 4. 2007 21. 5. 2008 21. 5. 2009
Administrator Česká spořitelna
Dividend payments of ČEZ, a. s.
Dividends
for year
2009 2010 2011
Gross dividend
per share (CZK)
53,00 50,00 45,00
Payment date 1. 8. 10 – 31. 7. 14 1. 8. 11 – 31. 7. 15 1. 8. 12 – 2. 8. 16
Record date 29. 6. 2010 1. 6. 2011 2. 7. 2012
Administrator Česká spořitelna
Dividend payments of ČEZ, a. s.
Dividends
for year
2012 2013  
Gross dividend
per share (CZK)
40,00 40,00  
Payment date 1. 8. 13 – 1. 8. 17 1. 8. 14 – 1. 8. 18  
Record date 25. 6. 2013 4. 7. 2014  
Administrator Česká spořitelna

The General Meeting of June 27, 2014 approved a CZK 40/share dividend (before tax). Eligible for the dividend are persons who were ČEZ, a. s. shareholders as of the dividend strike date, i.e. July 4, 2014.

Credit Rating

The credit rating of ČEZ, a. s. remained unchanged in 2013. On October10, 2013 Standard & Poor's Credit Market Services Europe Limited reaffirmed the long-term credit rating of A- with stable outlook. On March 27, 2013 Moody's Investors Service Ltd. reaffirmed its credit rating A2, outlook negative. Both agencies are in the list of credit rating agencies pursuant to Regulation (EC) No. 1060/2009 of the European Parliament and of the Council, as amended by Regulation (EU) No. 513/2011 of the Europen Parliament and of the Council.