Iberdrola SA (OTCPK:IBDRY)

$ 53.45 0.05 (0.09%) Market Cap: 84.08 Bil Enterprise Value: 139.94 Bil PE Ratio: 13.51 PB Ratio: 1.45 GF Score: 85/100

Iberdrola SA Annual Shareholders Meeting Transcript

Apr 02, 2020 / 09:00AM GMT

Release Date Price: $38.03 (+0.64%)

Transcript

Jose Ignacio Sanchez Galan

Iberdrola, S.A. - Executive Chairman & CEO

Good morning, ladies and gentlemen, shareholders. We are meeting here today telematically at our headquarters to attend this AGM due to reasons that you know perfectly well and that we shall be discussing later on.

The AGM itself and the passing of resolutions concerning issues that are presented to you is something that cannot be postponed for the company to continue with its activities. The cancellation or postponement of this event would have represented a disruption, not only for the shareholders, but also for the rest of the interest groups so with which Iberdrola is working. So the need to hold this event on this date had to be consistent with the agreement passed by the Board as regards to protecting the health of shareholders, workers, suppliers. And we also want to actively collaborate with the authorities to control the expansion of the coronavirus and prevent any risks for public health.

The Board, after receiving advice and after thinking about this issue, is fully convinced that the early decision

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