Lisbon, May 9, 2025 (Lusa) - Portugal's Galp Energia on Friday approved the reduction of its share capital by up to 9% by cancelling its own shares, the company announced to the market. 

The distribution of a dividend of €0.34 per outstanding share was also approved, in addition to the €0.28 already paid as an advance on profits for 2024, giving a total dividend of €0.62 per share. 

The total estimated value is €468,589,722.26. 

According to the information sent to Portugal's Securities Markets Commission (CMVM) on Friday, the 2024 accounts were also approved, as was the ratification of the co-option of Nuno Holbech Bastos as a member of the company's board of directors, to complement those already serving during the current term (2023-2026).

Also on the agenda was the general appraisal of the board of directors, audit board and statutory auditor, which were also given the green light. 

The oil company's shareholders also authorised the board of directors to have the company buy or sell its own shares and bonds and decided on the remuneration policy for the members of the company's governing bodies. 

PE/ARO // ARO.

Lusa