Shareholders structure

• Shareholder Structure
• Shareholder Relations
• Dividends

 

Shareholder Structure

Total amount of the basic capital of the parent company ČEZ, a. s., registered in the Commercial Register at 31. 12. 2010 was CZK 53 798 975 900. It consists of 537 989 759 shares with a nominal value of CZK 100. All shares are fully paid, have a book-entry form, added to the owner and are registered.

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 thereto.
Treasury shares were carried in the amount of CZK 4,619,334,000, which is the price for which they were acquired.
Retained earnings and other reserves totaled CZK 140,308,670,000.

As of December 31, 2010, the following entities were recorded as having stakes of at least 3% of the stated capital of ČEZ, a. s.:

• The Czech Republic, represented by the Ministry of Finance of the Czech Republic and the Ministry of Labor and Social Affairs of the Czech Republic, 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. As an issuer of shares accepted for trading on the Prague and Warsaw Stock Exchanges, ČEZ, a. s. is required to notify said exchanges of all important events. The reports are made in the Czech, English and Polish languages and are also made available to the public through the Company's website.
• The asset manager UNICREDIT BANK CZECH REPUBLIC, managing 147 accounts with shares representing anaggregate total of 9.376% of the stated capital. At the same time, on behalf of another entity this asset manager manages shares representing at least 3% of the Company's stated capital - that entity is Chase Nominees and its stake is 4.9% of the stated capital.
• The asset manager Citibank Europe plc, which managed 87 accounts with shares in an aggregate total of 5.353% of the stated capital of ČEZ, a. s.
• The asset manager Československá obchodní banka, a. s., which managed 146 accounts with shares in an aggregate total of 3.511% of the stated capital of ČEZ, a. s.
• The asset management company Capital Research and Management Company with its seat in California, United States of America, together with other companies, held a stake of 3.03%.

These entities hold the rights set forth in Sections 181 and 182 of the Commercial Code.
In terms of restrictions on voting rights associated with certain shares, the following applies: in accordance with Section
161d of the Commercial Code, the voting rights associated with treasury shares acquired by ČEZ on the basis of a
General Meeting resolution are not exercised by the Company. As at December 31, 2010, ČEZ, a. s. held 4,085,021 such treasury shares.
ČEZ is not aware of any contracts among its shareholders that could result in any limitations on the negotiability of shares or voting rights.

Shareholder Structure
	at 31. 12. 2007	at 31. 12. 2008	at 31. 12. 2009	at 31. 12. 2010
National Property Fund  (from Januray 1, 2006 The Ministry of Finance of Czech Republic)	65.99 %	63.39 %	69.78 %	69.78 %
Other legal entities	19.04 %	12.97 %	4.02 %	2.34 %
domestic	10.24 %	11.59 %	2.73 %	1.22 %
foreign	8.80 %	1.38 %	1.29 %	1.12 %
Private individuals	4.14 %	4.55 %	5.41 %	5.13 %
domestic	4.04 %	4.43 %	5.26 %	4.43 %
foreign	0.10 %	0.12 %	0.15 %	0.70 %
Asset managers	10.83 %	19.09 %	20.79 %	22.75 %

 

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), and when securities prospectuses will be made available. The fundamental rules that guide ČEZ, a. s., in disclosing information to investors are credibility, consistency and coherence.

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 2010 and 2009, the company paid a dividend CZK 50 and CZK 53, respectively, 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
Gross dividend per share (CZK)	53,00	50,00
Payment date	1. 8. 10 – 31. 7. 14	1. 8. 11 – 31. 7. 15
Record date	29. 6. 2010	1. 6. 2011
Administrator	Česká spořitelna