Spain's Naturgy postpones shareholders' meeting due to COVID-19

Spanish electric and gas utility Naturgy Energy Group SA (BME:NTGY) has postponed its general shareholders’ meeting indefinitely, saying on Saturday it is taking all necessary precautions to ensure safety and health of its shareholders, employees and collaborators in light of the coronavirus disease COVID-19.

The meeting was scheduled to take place in Madrid on March 17, but the company decided it would pick a new date to hold the assembly once the country returns to normal life.

Spain has been under lockdown since Saturday night after the government declared the state of emergency the same day and restricted the movement of people to essential travel.

According to the latest available data issued by the Spanish health ministry, Spain had 7,753 confirmed cases of coronavirus on Sunday 1130 local time and it is the worst affected country in Europe after Italy.

Last Thursday, EDP Renovaveis SA (ELI:EDPR) announced that its shareholders’ meeting would be held in Oviedo, northern Spain, instead of Madrid after indoor gatherings of more than 1,000 people had been suspended in the Spanish capital and three other locations to limit the spread of coronavirus.

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