COVID-19 confines Iberdrola's shareholders meeting to empty room

The Iberdrola Tower in Bilbao. Image by Iberdrola. (www.iberdrola.com)

March 19 (Renewables Now) - Spanish utility group Iberdrola SA (BME:IBE) will hold the general shareholders’ meeting on April 2 without the physical presence of shareholders, representatives or guests.

In light of the government’s measures to curb the spread of the coronavirus in Spain, which include restrictions on free movement of people and bans on large gatherings, Iberdrola has decided to promote social distancing, telling its shareholders to attend the meeting from their homes.

Out of concern for the health of everyone in the organisation, the company said it opened all channels to allow its shareholders or their proxies to verify their identity and cast their votes remotely.

The assembly will be held at the Iberdrola Tower in Bilbao, which the shareholders can follow using an electronic device. Shareholders who register to attend the meeting will be paid an attendance bonus of EUR 0.005 (USD 0.0054) gross per share, equal to EUR 1 gross for every 200 shares.

Other than the meeting itself, all other events scheduled for the Shareholder Day have been suspended, Iberdrola said.

(EUR 1.0 = USD 1.08)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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