Endesa S.A. convenes annual shareholders’ meeting on 28 April 2026

Endesa S.A., the Spanish electric‑utilities company listed on the Bolsa de Madrid, has officially announced that its General Shareholders’ Meeting will be held on 28 April 2026 at 11:00 h in its registered office in Madrid. The notice was issued by the Board of Directors on 24 March 2026 and was subsequently published on the Spanish market‑supervision website (CNMV). The meeting is scheduled to take place under a “convocatoria única” (single‑call) arrangement, allowing shareholders to attend in person or by proxy.

Agenda items

  1. Dividend declaration and share‑buyback plan – The Board will present a dividend policy for the fiscal year 2025 and a share‑buyback programme that has been approved in prior minutes.
  2. Appointment of the new chief executive officer – After 12 years in the role, Jose Bogás will step down as CEO. The Board has nominated Vittorio Armani, former manager of Enel’s distribution network, as the successor. The nomination follows a report by the Board that confirms Mr Armani’s appointment will be effective at the meeting.
  3. Other matters – Standard corporate governance items, including the election of directors and the approval of financial statements, will also be addressed.

CEO transition

Jose Bogás will retain a non‑executive director role and a consulting arrangement after his resignation. His departure marks the end of a 12‑year tenure that saw significant investment in renewable generation and grid expansion across Spain and Portugal. The Board’s decision to appoint Vittorio Armani – who has previously led Enel’s distribution network – has been described as a “possible Italianisation” of the company, reflecting the firm’s increasing global integration and the influence of Enel’s ownership structure.

Shareholder engagement

The meeting’s notice was widely disseminated through several financial outlets, including Investing.com, Economía Digital, and CNMV. Shareholders have been encouraged to review the agenda documents, which include the dividend proposal and details of the share‑buyback scheme. The Board has also confirmed that the meeting will be open to remote participation, in compliance with regulatory requirements.

Market context

At the time of the notice, Endesa’s share price stood at €34.86, within a 52‑week range of €21 to €35.95. The company’s market capitalisation is €36.1 billion, and its price‑earnings ratio is 16.898. These figures provide a snapshot of the company’s valuation prior to the upcoming governance changes.

The forthcoming annual meeting on 28 April will therefore address both routine financial matters and a pivotal leadership transition that could shape Endesa’s strategy in the coming years.