5/7/2014 | Dividends

Dividends payment

The general meeting of Galp Energia, SGPS, S.A. held on April 28, 2014 approved the 2013 dividend of €0.288 per share. On September 18, 2013, an interim dividend of €0.144 per share was paid.

The general meeting of Galp Energia, SGPS, S.A. held on April 28, 2014 approved the 2013 dividend of €0.288 per share. On September 18, 2013, an interim dividend of €0.144 per share was paid.

Under the terms of the law, shareholders are hereby notified that the remaining part of the dividend relating to the 2013 financial year will be payable as from May 22, 2014, as follows:

Gross dividend per share EUR 0.1440
Personal income tax (28%)(1) EUR 0.04032 Corporate income tax (25%)(1) EUR 0.03600
Net dividend per share EUR 0.10368 Net dividend per share EUR 0.10800

 (1) The final withholding tax rate shall be 35% if the dividends are paid or made available to: (i) omnibus accounts, unless the beneficial owner of such dividends is disclosed or (ii) non-resident entities without a permanent establishment in Portuguese territory, which are domiciled in a country, territory or region subject to favorable tax regime, according to the list approved by Decree of the Ministry of Finance.

The dividends will be paid through the Central de Valores Mobiliários, being Banco Popular Portugal, S.A. the paying agent.

For tax exemption, exemption from withholding tax or reduction of the withholding rate, shareholders must confirm their tax status with the financial institution in which their shares are deposited.

Shareholders resident in Portugal and subject to income tax are taxed at a final tax rate of 28%, unless an option for aggregation is made.

The ex-dividend date is May 19, 2014 and the record date is May 21, 2014.

Source: Galp Energia SGPS, S.A.

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