Shareholders structure

 

Shareholder Structure

  • As at December 31, 2017, the Czech Republic remained the company's largest shareholder with a nearly 70% stake in the stated capital.
  • As at December 31, 2017, the stated capital of CEZ, 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 CEZ, a. s. are limited in their negotiability, nor are any special rights attached.
  • Treasury shares - As at December 31, 2017, there were 3,605,021 treasury shares, or 0.67% of the stated capital, on CEZ's asset account with the Central Securities Depository.

    As at December 31, 2017, the following entities were recorded as having stakes of at least 1% of the stated capital of CEZ, 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,
  • Clearstream Banking, s. a., whose stake is 3.02% of the stated capital,
  • State Street Bank and Trust Co., whose stake is 1.45% of the stated capital,
  • Chase Nominees Limited, whose stake is 1.20% of the stated capital,
  • Brown Brothers Harriman Co., whose stake is 1.04% of the stated capital.
  • The possibility that some of the aforementioned entities manage shares owned by third parties cannot be excluded.

 

Shareholder Structure
  at 31. 12. 2015 at 31. 12. 2016 at 31. 12. 2017
Legal entities, total 91.22 % 90.23 % 89.84 %
Czech Republic 69.78 % 69.78 % 69.78 %
CEZ, a. s.    0.70 % 0.70 % 0.67 %
Other legal entities 20.74 % 19.75 % 19.39 %
Private individuals, total 8.78 % 9.77 % 10.16 %

 

Shareholder Relations

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

CEZ, a. s., convenes and runs General Meetings in full compliance with applicable law and ensures that General Meeting resolutions are put into practice. CEZ, 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

CEZ, 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. From 2015, ČEZ, a. s. applied a dividend policy that anticipated paying out 60-80% of consolidated net income adjusted forextraordinary effects generally unrelated to ordinary financial performance in a given year. The payout ratio was temporarily increased in 2017 to 60-100% of consolidated adjusted net income until the Company's development strategy is refined.

TThe annual Shareholders' Meeting held on June 21, 2017, decided to pay a dividend of CZK 33 per share before tax. The share in profits awarded to the shareholders of ČEZ, a. s. totaled CZK 17,753,662 thousand, of which CZK 17,629,746 thousand was to be paid out, representing 89.76% of consolidated adjusted net income and 120.96% of consolidated net income. The dividend on treasury shares held by the Company at the record date, that is, the difference between the above amounts, was used for the payment of dividends to other shareholders and reduced the amount paid out of the retained earnings account. Entities that were shareholders of ČEZ at the record date, i.e. June 27, 2017, were entitled to the dividend.
The dividend for 2016 became payable on August 1, 2017 and can be claimed until July 30, 2021.

Dividend payments of CEZ, 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 CEZ, 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 CEZ, 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 CEZ, 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
Dividend payments of CEZ, a. s.
Dividends
for year
2014 2015 2016
Gross dividend
per share (CZK)
40,00 40,00 33,00
Payment date 3. 8. 15 – 1. 8. 19 1. 8. 16 – 31. 7. 20 1. 8. 17 - 30. 7. 21 
Record date 18. 6. 2015 9. 6. 2016 27. 6. 2017
Administrator Česká spořitelna

 

Credit Rating

The long-term credit ratings of ČEZ, a. s. remained unchanged in 2017.
On November 23, 2017, Standard & Poor's Credit Market Services Europe Limited reaffirmed ČEZ's long-term credit rating of A- with a stable outlook. On December 7, 2017, Moody's Investors Service Ltd. updated its Credit Opinion on ČEZ with an unchanged long-term credit rating of Baa1 with a stable outlook.

Both credit rating agencies are included 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 European Parliament and of the Council and Regulation (EU) No. 462/2013 of the European Parliament and of the Council. When selecting credit rating agencies, ČEZ complies
with Article 8d of the above-mentioned Regulation. (www.esma.europa.eu/page/list-registered-and-certified-CRAs).