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General Meeting

 

What is the meaning and purpose of the General Meeting?

A General Meeting is a meeting of shareholders whose primary purpose is to make decisions on proposed agenda items that only the General Meeting can make. For the purpose of informed voting on individual agenda items, relevant information in the form of documents on individual items is available in advance. Shareholders can familiarize themselves with them prior to the General Meeting and if they have related additional questions they can submit a request for explanation.

In a company with such a large number of shareholders as ČEZ, it is necessary to set rules for the exercise of shareholder rights in such a way that shareholders are guaranteed equality in the exercise of their rights, but at the same time their right not to have the General Meeting last for an unreasonably long time is respected. In 2020, the General Meeting therefore approved the Rules of Procedure of the General Meeting (Article 13 of the Articles of Association).

The purpose of this document is to provide shareholders with basic simplified information regarding shareholder participation in the General Meeting. The information contained in this document is for general information purposes only and does not replace or modify the rules of procedure of the General Meeting. The information contained in this document is not intended as a source of professional or legal advice and is in no way a substitute for professional legal services. The primary sources of precise and valid rules for the exercise of shareholders' rights are the Rules of Procedure, which are contained in Article 13 of the Articles of Association of ČEZ, a. s., and Act No. 90/2012 Coll., on Business Corporations and Cooperatives (the Business Corporations Act), as amended.