Shareholders
As at June 30, 2024, the Czech Republic remained the company's largest shareholder with a nearly 70% stake in the stated capital.
- As at June 30, 2024, the Czech Republic remained the company's largest shareholder with a nearly 70% stake in the stated capital.
- As at June 30, 2024, 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 CEZ, a. s. are limited in their negotiability, nor are any special rights attached.
- Treasury shares - As at June 30, 2024, there were 1,179,512 treasury shares, or 0.22% of the stated capital, on CEZ's asset account with the Central Securities Depository.
As at June 17, 2024, the following entities were recorded as having stakes of at least 1% of the stated capital of CEZ, a. s.: - Czech Republic, represented by the Ministry of Finance of the Czech Republic, holding a total share amounting to 69.78% of the stated capital, i.e., 69.93% of voting rights,
- Belviport Trading Limited, holding a share amounting to 2.43% of the stated capital, i.e., 2.44% of voting rights,
- Abaretia Holdings Limited, holding a share amounting to 1.43% of the stated capital, i.e., 1.43% of voting rights,
- PPF banka, a.s., holding a share amounting to 1.39% of the stated capital, i.e., 1.39% of voting rights,
- Chase Nominees Limited, holding a share amounting to 1.37% of the stated capital, i.e., 1.37% of voting rights,
- Clearstream Banking S.A., holding a share amounting to 1.33% of the stated capital, i.e., 1.33% of voting rights.
- On June 24, 2024, BlackRock, Inc., delivered a notice of its share in voting rights pursuant to Section 122(1) of the Capital Market Undertakings Act. The share in voting rights pursuant to the notice was 1.33%. On July 11, 2024, the share of the company in voting rights was 1.32%, according to the notice submitted by that company.
- As at the aforementioned date, the entities mentioned above had rights arising from the provisions of Section 365 et seq. of the Business Corporations Act. The possibility that some of the aforementioned entities manage shares owned by third parties cannot be excluded.
| Shareholder Structure | |||
|---|---|---|---|
| at 31. 12. 2022 | at 31. 12. 2023 | at 17. 6. 2024 | |
| Legal entities, total | 86.40 % | 86.94 % | 86.68 % |
| Czech Republic | 69.78 % | 69.78 % | 69.78 % |
| CEZ, a. s. | 0.22 % | 0.22 % | 0.22 % |
| Other legal entities | 16.40 % | 16.94 % | 16.68 % |
| Private individuals, total | 13.60 % | 13.06 % | 13.32 % |
Shareholder Relations
CEZ, a. s., proceeds in accordance with the provisions of the Business Corporations Act 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. 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 Company’s Annual Shareholders’ Meeting, held on June 24, 2024, decided to pay the Company’s shareholders a dividend of CZK 52 per share before tax. The total amount paid corresponds to the value of 80.2% of the consolidated net income of CEZ Group in 2023, adjusted for extraordinary effects.
The record date for exercising the right to the dividends was June 28, 2024. The dividend is due from August 1, 2024, and the right to it does not expire before July 31, 2028..
| 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.
| 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 | ||
| Dividend payments of ČEZ, 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 | ||
| Dividends for year |
2017 | 2018 | 2019 |
| Gross dividend per share (CZK) |
33,00 | 24,00 | 34,00 |
| Payment date | 1. 8. 18 – 30. 7. 22 | 1. 8. 19 – 30. 7. 23 | 3. 8. 20 – 31. 7. 24 |
| Record date | 28. 6. 2018 | 26. 6. 2019 | 29. 6. 2020 |
| Administrator | Česká spořitelna | ||
| Dividend payments of ČEZ, a. s. | |||
| Dividends for year |
2020 | 2021 | 2022 |
| Gross dividend per share (CZK) |
52,00 | 48,00 | 145,00 |
| Payment date | 3. 8. 21 – 31. 7. 25 | 1. 11. 22 – 31. 10. 26 | 1. 8. 23 – 30. 7. 27 |
| Record date | 2. 7. 2021 | 4. 7. 2022 | 30. 6. 2023 |
| Administrator | Česká spořitelna | ||
| Dividends for year |
2023 | ||
| Gross dividend per share (CZK) |
52,00 | ||
| Payment date | 1. 8. 24 – 31. 7. 28 | ||
| Record date | 28. 6. 2024 | ||
| Administrator | Česká spořitelna | ||
Credit Rating
In the first half of 2024, the long-term rating rates of ČEZ remained unchanged, and the Moody’s rating agency changed the rating outlook from stable to negative.
On March 22, 2024 and August 9, 2024, the Standard & Poor’s rating agency updated the long-term rating of ČEZ at A-, with a stable outlook.
On March 26, 2024 and April 5, 2024, the Moody’s rating agency updated the long-term rating of ČEZ at Baa1, and its stable outlook was changed to negative.
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 aforementioned Regulation.. (www.esma.europa.eu/page/list-registered-and-certified-CRAs).
ESG rating
CEZ Group continues to improve its ESG rating, i.e., in the field of environmental and social activities
and transparent governance.
ČEZ rating in the field of ESG sustainable development:
- Position pursuant to the CSRHub rating aggregator: 90th percentile.
- MSCI: rating AA.
- Morningstar Sustainalytics: medium risk rating of 28.7 (on a 100–0 scale, with 100 being the highest risk).
- Standard & Poor’s Global ESG: overall rating of 58/100.
- Carbon Disclosure Project (CDP) non-profit organization: level B (on a scale of A to D).