Teixeira Duarte Proposes Carlos Jorge Cavaca Ferraz as Secretary of General Meeting Board

Teixeira Duarte, S.A. has nominated Carlos Jorge Cavaca Ferraz as Secretary of the Board of the General Meeting, pending approval at the May 22, 2024 General Meeting. The proposal was submitted by shareholder Teixeira Duarte 1886, S.A. on May 5, 2024.

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Aqsa Younas Rana
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Teixeira Duarte Proposes Carlos Jorge Cavaca Ferraz as Secretary of General Meeting Board

Teixeira Duarte Proposes Carlos Jorge Cavaca Ferraz as Secretary of General Meeting Board

Teixeira Duarte, S.A., a prominent construction and engineering company, has announced the nomination of Carlos Jorge Cavaca Ferraz as the Secretary of the Board of the General Meeting. The proposal, submitted by shareholder Teixeira Duarte 1886, S.A., will be presented for approval at the upcoming General Meeting scheduled for May 22, 2024.

Why this matters: The appointment of Carlos Jorge Cavaca Ferraz as Secretary of the Board of the General Meeting may have significant implications for the company's governance and decision-making processes. This move could also impact the company'srelationships with its shareholders and stakeholders, potentially affecting its overall performance and reputation.

According to the company's disclosure, Ferraz's remuneration will be determined by the Remuneration Committee. The announcement, made in accordance with article 289, paragraph 1 d) of the Commercial Companies Code, did not provide further details regarding the proposed compensation package.

Carlos Jorge Cavaca Ferraz currently holds positions on the governing bodies of the Teixeira Duarte Group. The company noted that Ferraz has not carried out any professional activities in companies outside the Teixeira Duarte Group and does not hold any shares in TEIXEIRA DUARTE, S.A.

Teixeira Duarte, S.A., listed on multiple European stock exchanges, including the London Stock Exchange (LSE), Frankfurt Stock Exchange, Berlin Stock Exchange, Dusseldorf Stock Exchange, Munich Stock Exchange, Stuttgart Stock Exchange, OTC Markets, and Euronext Lisbon, will convene its General Meeting on May 22, 2024, to discuss and vote on the proposal, among other agenda items.

The proposal for Carlos Jorge Cavaca Ferraz's appointment as Secretary of the Board of the General Meeting was submitted by Teixeira Duarte 1886, S.A. on May 5, 2024. The content of the announcement was published by Teixeira Duarte S.A. on May 10, 2024, in advance of the General Meeting.