
Bondholders meetings
Meetings of holders of the Notes were convened, on March 3rd, 2025, in order to approve, by extraordinary resolution, proposals to amend the terms and conditions of the Notes to align with the latest rating methodologies and criteria of S&P Global Ratings (“S&P”) and Moody’s Investor Service (“Moody’s”). If the consent solicitation is successful and each extraordinary resolution in relation to each of the series of Notes is passed and implemented, EDP, S.A. ("EDP") expects S&P to reinstate intermediate equity credit on each of the relevant series of Notes, and to obtain a one notch uplift on the rating assigned to each series of Notes by Moody’s (from Ba1 to Baa3).
Further to the announcement on March 3rd, 2025, relating to the convening of noteholders meetings for specific securities issuances of EDP, EDP informed the market, on March 27th, 2025, that all meetings were held on that date and were quorate.
A majority consisting of at least three fourths of the votes cast at each Meeting were in favour of the relevant extraordinary resolution and therefore the extraordinary resolutions in relation to all Series were duly passed.