The consolidated net profit of REN SGPS, S.A. in the 2013 financial year amounted to 121 303 275.23 euros (one hundred and twenty one million, three hundred and three thousand, two hundred seventy five euros and twenty three cents).
Considering the above and pursuant to Article 28(1) of the Articles of Association of REN SGPS, Articles 31 to 33, Article 66 (5) (f), Articles 294 and 295 and to Article 376 (1) and (2) (b), all from the Portuguese Companies Code, the Board of Directors proposes that the net profit for the financial year of 2013, verified in the individual financial statements, in the abovementioned value of 116 071 056.58 euros (one hundred and sixteen million, seventy one thousand and fifty six euros and fifty eight cents), is distributed as follows:
- For legal reserve – 5 803 552.83 euros (five million, eight hundred and three thousand, five hundred and fifty two euros and eighty three cents);
- For dividends – 91 314 000.00 euros (ninety one million, three hundred and fourteen thousand euros), corresponding to a distribution of 75.277% of the consolidated net profit of REN SGPS, S.A. in the 2013 financial year, amounting to 121 303 275.23 euros (one hundred and twenty one million, three hundred and three thousand, two hundred and seventy five euros and twenty three cents), which corresponds to the distribution of a gross dividend per share value of 0.171 euros;
- For retained earnings, the amount of 18 953 503.75 euros (eighteen million, nine hundred and fifty three thousand, five hundred and three euros and seventy five cents).