Press releases pg. 53

Nuclear power plants
Power plants

GE Hitachi Nuclear Energy and ČEZ Announce Small Modular Reactor Technology Collaboration in the Czech Republic

GE Hitachi Nuclear Energy (GEH) and ČEZ, a. s., an integrated electricity conglomerate, have entered into a Memorandum of Understanding through which the companies have agreed to examine the economic and technical feasibility of potentially constructing a BWRX-300 in the Czech Republic.

3. 2. 2020

Economics and financial news

ČEZ didn´t use the option

According to the 2013 agreement that put an end to the many years of disputes concerning coal deliveries from Vršanská uhelná, the Počerady power plant has been sold, effective 2 January 2024.

2. 1. 2020

Personal information

Michaela Chaloupková and Martin Novák to Continue as Members of the Board of Directors ČEZ

The Supervisory Board of ČEZ confirmed at its session yesterday that Michaela Chaloupková, Administration Division Director, and Martin Novák, Finance Division Director, will continue their offices as members of the Board of Directors. Martin Novák’s next term of office will commence on 24 May 2020, while that of Michaela Chaloupková will begin on 1 January 2020. This will ensure continuity in key corporate management areas.

20. 12. 2019

Personal information

ČEZ Stock Option Program Canceled

The ČEZ Supervisory Board has approved the cancellation of the Stock Option Program for ČEZ management and has replaced it with a new, stricter system of long-term performance bonuses for members of the Board of Directors. This change was initiated by the Supervisory Board itself one year ago after its new members took up their offices. The new program of long-term performance bonuses improves the consistency of the interests of beneficiaries and shareholders and is linked to stock price, dividend distribution and performance of the company. Thus beneficiaries will, in the long run, participate in the growth or decline of shareholder value. The new system starts 1 .1. 2020.

29. 11. 2019