Good morning. Thank you for those of you who are attending this AGM in person. I'm pleased to welcome you to this annual general meeting of Logista. Thank you for attending this AGM. We trust that the remote voting mechanisms that have been made available, as well as the real-time broadcasting of this AGM, will enable all shareholders who are not attending in person to adequately follow the progress of the meeting. The meeting is formally opened. Let me now give the floor to the secretary of the AGM.
Thank you very much. I remind you that the announcement of the call for the meeting was published on the 20th of December, 2022 on the company's website. Thank you very much. Let me re peat.
I remind you that the announcement of the call for the meeting was published on the 20th of December, 2022 on the company's website and the newspaper La Razón, on the website of the CNV National Securities Market Commission through the relevant disclosure of other relevant information. In addition, the board declares that the notice of call, the proposed resolutions, and the documents and reports to be submitted to the meeting have been continuously posted on the company's website from that date until to date. The presiding committee is made up of Mr. Marañón, by myself as the Secretary of the Board of Directors and the directors, Mrs. Blohm, Downing, Garmendia, Hathaway, Isasi, McCain, Meraz, Minc, Platero, and Ramsey. Also in attendance is Mrs.
María Dolores Peña Peña, Notary Public of the Ilustre Colegio Notarial de Madrid, who has been requested to draw up the minutes of the meeting, as agreed by the Board of Directors of the company in accordance with the provisions set out in the revised text of the Capital Companies Act.
The secretary will provide you with the details of the quorum for this meeting.
The summary of the list of attendees that provides the legal and statutory quorum required to hold this AGM is as follows. The shareholders attending in person, 73, holding 68,144,628 shares that account for 51.33% of the total shares.
The shareholders, represented by a proxy, 489, holding 39,970,658 shares, accounting for 30.07% of the total share capital. In total, there are 562 shareholders who hold 108,672,287 shares that account for 81.4% of the share capital. The quorum data will be published on the company's website at the end of the meeting. Pursuant to sections 193 and 194 of the Spanish company's law, and pursuant to the AGM regulations, all necessary legal requirements are fulfilled to declare this general meeting to be validly convened on first call. In view of the attendance data, this ordinary general meeting is declared to be validly constituted on first call.
I give the floor to the notary public.
Good morning, I am María Dolores Peña, the notary public that has been called upon to attend this AGM. I would like to ask whether there are any reserves or objections to the shareholders that are attending this AGM representing the company's share capital. There are no reservations.
Thank you very much, Mrs. Notary Public. I would like to ask the shareholders who may wish to take the floor after my speech on this year's report to ask the staff at the back of the room for the form to be filled in. After the speeches have been made, all questions will be taken. The proposed resolutions will be put to the vote, and I would like to ask the secretary of the AGM to give you some instructions about the proce ss.
Okay. The voting of the proposals of resolution concerning the matters in the agenda will be done through a negative deduction system. For this purpose, all shares present and represented shall be considered to vote in favor of the proposal, deducting the votes corresponding to shares whose holders or proxies declare that they vote against the proposal or abstain, informing the secretary or persons assisting her or the notary public accordingly, so that they may be put on record pursuant to the AGM regulations. The voting of the proposals of resolution concerning matters not on the agenda will be done through a positive deduction system.
For this purpose, all shares, present and represented shall be considered to vote against the proposal deducting the votes corresponding to shares whose holders or proxies declare that they vote for the proposal or abstain, informing the secretary or persons assisting her or the notary public accordingly, so that they may be put on record pursuant to the AGM regulations. I further advise you that should any shareholder leaving before the voting process starts wish to put that on record, he or she may inform so to the presiding board assistants. Such departure will be recorded for quorum and voting purposes. The proposals of resolution submitted by the board of directors will be voted first, followed by those proposed by other parties, if any. Once a proposal of resolution is adopted, all others incompatible with such adopted resolution will be automatically declined.
Thank you very much, Mrs. Notary Public. Dear shareholders, good morning once again. Thank you very much for attending this annual general meeting that is being broadcasted in real time. We shall present 2022 financial results and the targets and challenges that Logista has ahead. In the prior fiscal year, we witnessed a very complex geopolitical context. In February, the Ukraine invasion started and thereafter many relevant challenges had to be faced by the company. There were many setbacks to obtain raw materials from that country, and that had an impact. Above all, the subsequent price increase due to inflation rate hikes in Europe. This has no doubt been one of the issues that we had to manage more carefully. All this has happened in a year that should have been a year of economic recovery after the COVID-19 pandemic.
Fuel price increases also had an impact on the transportation sector that was quite significant. However, at Logista, we were able to face such setbacks thanks to our resiliency and thanks to our flexibility to adapt to the changes that occur in the context, as well as thanks to all the efforts made by the company's team to keep on making progress. It is also true, however, that during this fiscal year, some sectors have been able to rally that had been strongly hit by the pandemic, such as tourism, hotels and retailers. All of them have been able to go back to pre-pandemic levels, therefore positively pushing other industries that are closely linked to them. Amidst this very complex backdrop, Logista has been able to take a quantum leap forward, driving its diversification strategy and providing added value to its customers.
Even though afterwards our CEO will provide you more color on this, I would like to mention some acquisitions carried out by the company during this fiscal year. Specifically, the acquisition of 70% of Speedlink Worldwide Express, a company from the Netherlands that is an expert on express deliveries in Belgium or the Netherlands, as well as 60% of Transportes El Mosca, a Spanish company that enables us to increase our added value service catalog for customers, especially because we are now entering the maritime transportation sector and 100% of the sector of frozen food transportation, thanks to the Carbó Collbatallé company.
All these companies share the same interests as Logista, will enable us to build significant synergies that will eventually result in enhanced services for our end customers, therefore turning us into a key partner for many companies that rely on proximity distribution in Southern Europe. Of course, I'm proud of referring to one of the most significant historical milestones of the company. In December, we became IBEX 35 listed. This is a benchmark index in Spain, and Logista is the only company in this sector that is listed now on the IBEX 35. This event has been the result of being able to rely on a solid strategy that is supported by our investors as well as by the market and by our customers, who perceive the value added provided by the company.
Our capacity to adapt to customers' needs, as well as our commitment to our customers, and a business model that is based upon innovation as well as sustainable growth and contributing value in the long term, all that enables us to stand out from other companies with a differentiated approach. This has been critical in order to deliver very good results in the past fiscal year. As a matter of fact, I would like to highlight that we were able to deliver very significant data in most of the key financials of our income statement, as it will be further explained by our CEO.
In this respect, I would like to underscore the significant efforts that have been made by the entire team in facing such a challenging fiscal year and their strategic vision in order to carry out all the activities I described before, which no doubt are the starting point of a growth and diversification culture that we will continue to develop in the forthcoming years. Today, we have a company in place that is much stronger than it used to be, and that is supported by key pillars that we have not given up upon despite of everything we have experienced, because they lie at the foundation of our strengths. I refer to our focus on innovation and diversification of our offering, this quest for excellence and contributing value to our customers, as well as our...
the commitment of all of Logista's team in order to give our best. This is a company that has a clear-cut role, and that is aware of its role in society, as well as its role before shareholders, customers, society and suppliers at large. Our role is that of a strategic nature in an increasingly more globalized and changing world. This is a company that also needs to rely on local partners that have great expertise in their local markets. In this regard, we are working every day in order to ensure the delivery of assorted products to the end beneficiaries, while we keep the supply chain running in an optimal manner.
Next, I would like to refer to some of the proposals of resolution that this Board of Directors would like to submit to the consideration of the shareholders, and then are to be further detailed by the board secretary afterwards. Some of these proposals on our agenda include the following: the approval of a dividend, a final dividend payment of EUR 0.95 per share, that together with the interim dividend that was paid in July in the current year, will account for a total dividend of nearly EUR 183 million, accounting for 92% of the net profit of the company on a consolidated basis. Through this dividend payment, we keep being faithful to our goal of distributing more of 90% of our net profit through dividend.
Other proposals include the approval of the management of the Board of Directors during this fiscal year, as well as the amendment of the company's bylaws in order to hold annual general meetings through telematic means exclusively, in order to adapt ourselves to the new digitalization and virtual environments. I would like to refer once again to the major commitment that Logista has to the preservation of the environment and society. There are several initiatives and actions that have been carried out by the company in order to enhance the sustainability of our operations, but now I would like to underscore just a couple of them. We have a quality and environment master plan that is at the foundation of a number of practices aimed at optimizing the use of resources while minimizing environmental impact of our activity.
Along these lines, we have been working specifically on streamlining a number of routes and renewing some transportation fleet contracts based on efficiency criteria, promoting the progressive increase of the fleets that run with less polluting fuels. Our goal, as a matter of fact, is to increase by 15% the number of kilometers traveled by vehicle of low emissions that are managed by our transportation division for the 2021-2023 period. From an energy perspective, the Spanish, Italian, France and Portugal warehouses, and the most important warehouse is located in Poland, are operated with renewable energy that produce low CO2 emissions. Most of our transportation facilities, including the Carbó Collbatallé group, are already using renewable power.
Therefore, we are talking about just some examples of the company efforts to continue improving on an ongoing basis while producing the minimum environmental impact possible. As for its social engagement, Logista is working on implementing different initiatives. Let me highlight the following: Our collaboration with different associations and partnerships in order to help disabled groups, as well as people who might be at the risk of exclusion in order to help them join the labor market. In this backdrop, we should highlight the agreement with the Integra Foundation that includes some volunteer program. Some Logista employees will work in this regard to reinforce the mission of the Integra Foundation. The company is fully committed to society.
At Logista, we have continued to endorse different not-for-profit organizations and associations with a focus on cultural or humanitarian activities, as well as others that provide integration assistance. These have been relevant instruments in order to improve the quality of life of citizens and specifically of the most vulnerable groups. This commitment, together with sustainability, have been recognized through a number of awards that have been given to the company, both at national and international level. Let me highlight the Sustainalytics Award. This is one of the leaders in assessing corporate social responsibility and corporate governance worldwide. After assessing the company's ESG criteria, they considered that Logista is a low-risk company in this regard.
It does not have significant risk to suffer any ESG impacts. It ranks the company in the 10th position out of 365 companies in the transportation industry. It has also granted the company a new accreditation as an industry top-rated company for the 2023 period as a result of Logista's high performance in its sector, and by placing Logista amongst the best-ranking transportation companies. MSCI assesses or rates the financial opportunities that companies have from an ESG perspective. Once again, they have rated us with AA based on an AAA, CCC scale, placing the company amongst one of the sector's leaders. In addition, we are listed on the.
For good.
let's say, for a good index as one of the companies that carries out best practices in the environmental, social, and governance spheres. On the other hand, I would also like to highlight that our commitment to diversity and equal opportunities for staff members at Logista accounts for another pillar supporting our ESG approach. In this regard, the Financial Times has recognized the company on its Diversity Leader Ranking as one of the most inclusive companies in Europe. We also have the Diversity Leading Companies Seal, and we are part of the Gender Equality Index with a very positive rating on the CDP ranking. We will continue to be a leader on that ranking for the next six years.
Based on all I have explained so far, and thanks to the exemplary engagement shown by Logista's overall team, I'm sure that this fiscal year will once again reflect the work well done, a clear-cut strategy, and the soundness of our business model. There's no doubt that there are many external factors that may have an impact on the market, and the current context continues to be complex. However, our industry is no doubt a strategic one, and Logista has a very good positioning in such an industry. We are listed on the IBEX 35, which shows that we are a value-adding company to investors, as well as to the overall business and social mesh. The times ahead are quite promising.
I hope that you will keep abreast of the news that we will be reporting and the company's performance, we will be reporting in the forthcoming months, and we hope that you share this favorable vision that we have about Logista's future. Having come to this point, let me just convey to you that I'm very thankful on behalf of the company as a whole for your commitment and for your ongoing support. Of course, I would like to thank Logista's entire team and the great team made up by all top executives for their endless effort to make the company a benchmark in the sector.
Once again, I would like to highlight the excellent work carried out by Íñigo Meirás , our CEO, because his strategic vision, his capacity to renew work to the best interest of Logista and his dedication and engagement have been of paramount importance. I'm very excited about the road ahead. We know that being listed on the IBEX 35 entails a great responsibility, but we will continue, as we have done so far, to be committed to each one of you by providing sustainable value in the long run. The future of Logista, and let me ratify this, there's no doubt whatsoever, will be an extraordinary one, because this is ingrained in our DNA. We are committed to ongoing improvement. We are always setting ourselves ambitious targets, knowing that we have the necessary human resources in order to deliver on such targets.
I recommend you to read the consolidated report to get further details about all the topics we are addressing today, so that you can have a more detailed vision about the company that is in line with our firm commitment to the environment. This integrated annual report is only available in digital format on Logista's website. Now let me give the floor to our CEO, Mr. Meirás , who will give you more color on the results delivered by the company during fiscal year 2022, and he will also refer to some of the initiatives that we want to announce at Logista. Thank you very much.
Thank you very much, Mr. President. Thank you all for being with us today. This general meeting is a very special event for Logista, given that we will show all the advancements made in the past fiscal year, 2022, because this is the first time we celebrate after being part of IBEX 35, which is a historic moment for a company that we all feel very proud of. All these advancements that I will mention afterwards, have happened in a very complex scenario in the market. At the beginning of the 2022 fiscal year, we were taking a look at what was going to happen after the vaccination campaign and COVID-19. Of course, we expected a slight increase of interest rates and inflation. There have been geopolitical events that were unexpected that make the situation harder.
The conflict between Russia and Ukraine has accelerated the increase in the prices of raw materials, energy, and fuels. A factor has had an important impact in many sectors, including logistics. We have also had to tackle other complex situations, partly stemmed from the increase of raw material prices. I'm talking about the cases of strikes of transportation workers in Spain. We have also seen how other important sectors such as tourism or HORECA sector have started their recovery, reaching levels previous to the pandemic. The recovery of this sector is very important because they push other sectors forward, and they benefit many companies, including Logista. In today's world, volatility, constant change, and uncertainty are ever-growing. Globalization changed the way many companies work a long time ago, and it's...
Global events that impact all of us are increasing. Quite remarkably, a sector as strategic as ours. However, this reinforces the key position of companies like Logista, who play a vital role for the workings of the supply chain and places us as a key element for many of our clients as part of the manufacturing fabric of the countries we are present in. In Logista, once again, we have been able to tackle the challenges in 2022, making the most of all the experience of the professionals in the company, thanks to their hard work to provide the best possible service for our clients. This will keep on pushing us forward to add more value to all of our clients, the society, and our investors, among other parties.
We have been able to prove in this fiscal year, as I mentioned in the previous meeting, the adaptability of Logista, a factor that has allowed us to achieve good results. Precisely, we kept on innovating to find solutions that improve the sustainability of our operations, that improve the offer to our clients, and that's able to contribute to the development of our sector. Nacex, the urgent messaging company in Logista, has collaborated with Scoobic, an electric vehicle manufacturer, to develop new sustainable vehicles for micro e-mobility to be able to revolutionize the last mile delivery. It's a vehicle that's adapted to the Spanish legislation, and it's already providing Nacex its human transportation. This vehicle is 100% electric. It's manufactured in Spain, and all of its components are manufactured within the European Union.
Besides that, Nacex has opened two logistic platforms this year in Alicante and Zaragoza. In terms of sustainability, Logista Freight, our company for long-distance transportation, has bought new P400 models. A solution, road railway solution that allows us to place the whole trailer on a train, which saves up to 90% of the cost by road. Logista Parcel, a reference, has been certified, has got the certification ISO 30,000 that ensures the compliance with all the few security measures in transportation. Logista Parcel has agreed with some of his partners and has been part of a pioneering project of inverse logistics, inc luding Big Bag.
These are belts that are used in exchange of traditional plastic, which is going to help us save over 1,000 kilograms. Logista Pharma has kept on adding value in this sector as essential as the health sector. We could say that we are the main distributor of medicines to hospitals in Spain, and we have also started a distribution system for patient homes from hospitals. In such a way, we can guarantee patients access to their medicines without having to go to hospitals. We also comply with all the pharmaceutical requirements. We have kept on pushing the Logista books distribution system, and it has optimized its all the receiver. We have been able to improve our item of response up to 20%. In France, we have implemented new hard ware and software.
The new terminal allows us to optimize the point of sale, given that it's a global solution that easens the creation of orders. We have also increased our product portfolio. In Italy, we have launched the first mobile app for our B2B clients, Logista per te. This app allows us to make payments, manage portfolios, and also interact with Logista from anywhere in the world in an easy manner. This application has already been downloaded by over 15,000 users. Last year, I explained the change in branding of Logista. Today, I must say that we have successfully implemented this new brand identity to the facilities, trucks, vans, and uniforms in the company. Our objective is to make sure that our clients are able to perceive the positive evolution of the company.
In the case of uniforms, it has also been used to improve personal protection equipment in our operations. 2022, as mentioned by our president earlier, as I was saying in the beginning of my speech, has been a very important fiscal year for Logista because it's a turning point in implementation of our growth strategy and also in terms of diversification and internationalization with three acquisition of companies that are now part of the Logista family. These acquisitions force the future growth of the company, increasing our scope and improving our offer to our clients. I would like to mention what each of these company means for us.
The acquisition of 70% of Speedlink allows us to expand our NASK services in Benelux. It reinforces the position of Logista in the medical and health distribution, increasing our service portfolio out of the Iberian Peninsula. With the incorporation of Carbó, we're able to add also more capabilities in controlled temperature, especially in the transportation of frozen products. With Transportes El Mosca, we are reinforcing the position of Logista in controlled temperature transportation in Spain, expanding internationally, adding a maritime transportation to our transportation offer, also adding to our present capabilities in added value processes for us. This bet on the acquisition of companies that push us forward has now helped us be part of the main, or the 35 biggest companies in the Spanish stock market.
This is a turning point for the company that will keep on working to add value. All of these milestones confirm the consolidation of the growth of the company and it can be seen in very positive results of fiscal year 2022, despite a very complex geopolitical and macroeconomic scenario. We have great results in our main indicators, specifically, turnover has increased by 6%, sales have increased by 4.7% and final results have increased by 10.9% compared to 2021. In the past fiscal year, income were EUR 11.464 billion. However, they have had an uneven behavior depending on the market.
In Spain, Portugal and Italy, income have increased by 12.6% and 12.5%, which has mitigated the decrease of 5.2% in France. On the other hand, financial sales have increased by 4.7%, reaching EUR 1.235 billion, given the improvements of the business in Iberia and Italy, and also the electronic transactions in France. This year, operational costs have increased by 4.6%, getting to a margin on sales of 25.3%. That's very close to the one we had the past year, which was 25.2%. In terms of the adjusted EBIT, we have reached EUR 312 million, increasing by 5% compared to the previous fiscal year.
Our EBIT has increased by 10.9%. Up to EUR 266 million. Restructuring costs have been slightly above the ones we had in the previous exercise, reaching this year EUR 10.9 million. Also in fiscal year 2020 Q we have generated 14.3%, compared to 2.1% in the previous year. This increase stems basically from the sales of 3 non-operational assets in Spain. In terms of financial resources, they have been reduced slightly, to EUR 19 million compared to EUR 20 million we had the previous year. In this comparison, we should take into account that 2021...
In 2020-2021, we received the interest generated by an excess in the payment of taxes in Spain during 2017 and 2019 according to a resolution from the Constitutional Court that were representatory EUR 3.6 million. We have paid 26.2% in taxes compared to 25.8%. In 2021, was actually 26.8%, but it was reduced to 25.8% in our income statement. Given the positive results of some court decisions in Italy, net benefit has increased by 14.3% up to EUR 199 million. I would like to mention the evolution of the results of this year by geographies and ac tivities.
In Iberia, the financial sales have reached EUR 292 million, 9.1% above the results in 2021, thanks to the good behavior of all business lines. In terms of financial sales by activities, tobacco and related products increased by 9.5%. The growth is mainly due to the increase on the volumes of distributed tobacco, the invoicing of added value services to tobacco manufacturers and the growth in financial sales and convenience products. In transportation, financial sales have grown by 9.5% up to EUR 318 million, with a half double-digit growth in Nacex and long distance, Logista Freight, and high digits in the case of industrial packaging.
Specifically at Nacex, the growth in our B2B tariffs and fees have balanced out the reduction in the number of deliveries in the B2C services after the increase in the previous year. The incorporation of Speedlink in the Netherlands has all helped the growth of our financial sales. In the activity of Logista Parcel, the recovery that we have seen in the activity after the start of the year and also the update in our fees according to the prices of fuel, have contributed to the increase in financial sales. In Logista Freight, in long-distance transportation, we have seen a positive behavior in all the sectors that we cater services to, and we have increased our presence in high-value businesses. On the other hand, financial sales-
The distribution has reached EUR 90 million, given rise to the development of new dedicated services that are aimed at both current and new customers. Economic sales for the distribution of publications, that is to say other businesses, that's the captioning, grew by 1.6% up to EUR 80 million. We should highlight the incorporation of two new international publishing houses that should push forward these business results. Total operating costs went up by 7.5% in this period, reaching an adjusted operating profit of EUR 154 million, accounting for an increase of 15.2% year-on-year. Restructuring expenses totaled EUR 3.1 million against EUR 0.9 million in the prior fiscal year.
Capital gains coming from the sale of assets exceeded those reported in 2021, EUR 15 million against EUR 2.1 million respectively. At the same time, EUR 2.8 million were reported coming from the equity method. Here we are talking about distribution of books, going about EUR 2.2 million reported in 2021. The operating profit went up by 22.7% up to EUR 168 million, compared to EUR 137 million reported in the prior year. In Italy, economic sales rose only 1.8%, reaching EUR 331 million, thanks to the sound behavior or performance of all the volumes distributed in the tobacco and new generation products, as well as income coming from value-added services to manufacturers, as well as those coming from the marketing of convenience products.
Economic sales of distribution of convenience products also increased, by two digits, thanks to two main drivers: incorporation of new products to our commercial offerings such as disposable electronics, e-cigs, or beverages, or second, the process whereby our sales force was able to deliver new targets and continue expanding the customer base. The launching of new services designed for manufacturers and the evolution of Logista's business has made it possible to expand to new proximity channels. Total operating costs in Italy went up by 1.4% compared to the prior year. The operating profit, the adjusted operating profit, stood at EUR 1 million, which accounted for a 2.8% increase.
Restructuring costs were significantly lower to the prior year, EUR 6 million against EUR 6.8 million, mainly due to the reorganization of the tobacco distribution network, as a result of which one of the warehouses located in the southern part of the country was shut down. Operating profit stood at EUR 95 million, that is to say up 3.8% against EUR 92 million in the prior year. In order to continue reviewing the financial results by geography, in France, economic sales reached EUR 270 million, that is to say, down 3.9% year-on-year. All the increases obtained in the distribution of electronic transactions and convenience products mitigated to some extent the negative performance of economic sales of tobacco distribution.
Total operating costs in France, it came down by 0.3%, and adjusted operating profit went down by 12.5%, down to EUR 57 million. Restructuring costs, that totaled EUR 1.8 million, similar to those reported in the prior year. The operating profit went down by EUR 3.2 million against EUR 11.7 million in the prior year. Finally, and in broad terms, we should also highlight that some of the acquisitions I described before are not reflected on this fiscal year's financial statements, because even though they were announced during last year, the acquisition of 60% of Transportes El Mosca was formalized on October 20th, 2022, and the acquisition of The Carbon Crew was formalized on October 1st, 2022. Let me close by talking about the company share performance in 2022.
The evolution of our share performance was quite uneven during the period, with a positive trend, however, as of March 2022 until year-end. The Logista's share closing price at September 30, 2022 was 18.7%, that is to say, 2.4% above the price reported in the previous period. This is compared to, or comparable to the drop of other shares on the IBEX, for example, 16.3% or 12.9% or 2.9%. However, since the closing of 2022, our share performance was quite positive, reaching EUR 25.30 per share, therefore going up by 35.7%. The most relevant milestone we can report has been the fact that Logista went public and is now listed on the IBEX 35 as of November.
This is a good recognition of our successful strategy in creating value and diversification over the past years. It's also due to good management and sound financial results reported on a recurring basis. All this, coupled with liquidity, has enabled us to be listed on the IBEX 35. We take great pride of that. On the other hand, as the chairman has already announced, in our agenda, we have proposed the approval of the distribution of a final dividend of EUR 0.95 per share to be paid on February 23, 2023. This payment will be in addition to the one paid in August in the amount of EUR 0.43. Therefore, total dividend for 2022 will reach EUR 1.38 per share, which accounts for an increase of 11.3% vis-à-vis the one distributed in the prior fiscal year.
As the chairman also pointed out, this implies distributing up to 92% of the group's consolidated net profit. All this data therefore ratify Logista's management thorough approach and good outlook. This result has been possible thanks to the engagement of the company's overall team, and I would like to thank them for their ongoing effort. I would also like to express my gratitude to the board of directors for their confidence, because it has been critical in order to attain such ambitious targets. I would also like to thank you, dear shareholders, for your trust on Logista. This has been critical in order to go listed on the IBEX 35, which is quite a milestone for the company. Therefore, we have shown that we are a solvent, capable, and innovating company that is ready to face all the coming challenges.
I'm sure that all such challenges will continue to be diverse, so we trust that you will keep on supporting us. Let me just say that Logista will continue to move forward so that your endorsement is paid back. Thank you very much.
Thank you very much, Mr. CEO. We now open the floor for questions. The floor to those shareholders who wish to speak and have not submitted a question. If you have not yet submitted your form to the person in the room to ask questions to the staff in the room, please do so now. No shareholder who is in attendance has asked to take the floor in order to submit any proposal.
Next, the secretary will read the proposals that will be subjected to your consideration. In order to expedite the proceedings of the meeting, I propose that in case of broad majority, and unless expressly requested, we should simply state whether each proposal has been adopted according to the votes on record, with no need to specify the number of positive votes, negative votes, blank votes, and abstentions.
Likewise, in relation to items 6, 7.1, 7.2, 10, 11, and 12 of the agenda, taking into account the length of the proposed resolutions made by the board of directors and in accordance with the provisions of the meeting regulations, since the texts of the proposed resolutions have been provided and are available to the shareholders, I would not read them out, or I will not read the full text of all the proposed resolutions on the aforementioned items unless a shareholder may request so. The attending shareholders who may wish to cast a negative vote, a blank vote, or abstain, just raise your hand after each proposal is read.
After voting, please come to me to take note of your name, number of shares, and vote for the Notary Public to include them in the minutes of the meeting.
You will be able to examine the AGM results as of tomorrow on the company's website in the section Ordinary General Meeting 2023 under Quorum, Voting, and Resolutions. Proposal number one, to approve the financial statements, that is the balance sheet, the income statement, the statement of changes in equity, the statement of cash flows, and the annual report audited by Ernst & Young, S.L., as well as the directors' report of Compañía de Distribución Integral Logista Holdings, S.A., that is to say the Company, for the year ended on September 30, 2022. Is it approved?
The votes so far recorded reveal that 99.85% of the shareholders attending in person or by proxy support the resolution. There being a sufficient number of votes in favor, this resolution is approved according with the provisions of the company laws.
Proposal 2.1, to approve the consolidated financial statements, balance sheet, income statement of changes in equity, statement of cash flows, and the annual report audited by Ernst & Young, as well as the consolidated directors' report of Compañía de Distribución Integral, Logista Holdings and its consolidated group for the year ended on September 30, 2022. Is it approved?
The votes so far recorded reveal that 99.88% of the shareholders attending in person or by proxy support the resolution.
There being a sufficient number of votes in favor, this resolution is approved in accordance with the provisions of the company bylaws.
Proposal number 2, to approve the consolidated statement of non-financial information, which is included in the integrated report of Compañía de Distribución Integral Logista Holdings, S.A., and its consolidated group, which forms part of the consolidated directors' report for the year ended September 30th, 2022. Is it approved?
The votes so far recorded reveal that 99.99% of the shareholders attending in person or by proxy support this resolution. There being a sufficient number of votes in favor, this resolution is approved in acco
rdance with the provisions of company bylaws.
Proposal number 3, to approve the management of the board of directors during the fiscal year ended on September 30th, 2022. Is it approved?
The votes so far reveal that 99.71% of the shareholders attending in person or by proxy support the resolution. There being a sufficient number of votes in favor, this resolution is approved in accordance with the provisions of the company bylaws.
Proposal 4, to approve the following distribution of profit for the year ended September 30th, 2022 of Compañía de Distribución Integral, Logista, S.A. Net profit EUR 188,828,025.84. Dividends EUR 1.38 per share, EUR 182,826,778.77. Interim dividend EUR 0.43 per share according to the board meeting of July 20th, 2022.
The final dividend EUR 0.95 per share, that is to say EUR 126,112,500. To voluntary reserves EUR 6,001,347.07. The final dividend will be paid on the 23rd of February 2023 through Santander. Is it approved?
The votes so far recorded account for 99.92% of the shareholders attending in person or by proxy support this resolution. There being a sufficient number of votes in favor, this resolution is approved in accordance with the provisions of company laws.
Number five, to re-elect Ernst & Young as auditor of the individual and consolidated financial statements of the company for the years ending on September 30th, 2023, 2024, and 2025.
Ernst & Young is a Spanish company with registered office in Madrid at Calle Raimundo Fernández Villaverde 65 and tax identification number B-78970506. It is registered before the Commercial Register of Madrid in the relevant books. Is it approved?
The votes so far recorded reveal that 99.93% of the shareholders attending in person or by proxy support this resolution. There being therefore a sufficient number of votes in favor, this resolution is approved in accordance with the provisions of the company bylaws.
Proposal number 6, to authorize and empower the board of directors to carry out, to the extent it may deem appropriate and in view of the circumstances, the derivative acquisition of the company's treasury shares, directly or indirectly through its group companies, at any time and as many times as it may deem appropriate in accordance with the legislation in force in each case and subject to the limits and requirements set forth in the purpose resolutions made available to the shareholders upon the call to the general meeting share at the time this AGM was called. The votes so far recorded, show that 99.50% of shareholders support this resolution. There being a sufficient number of votes in favor, this resolution is approved in accordance with the provisions of the company bylaws.
Proposal 7.1, to ratify the appointment by co-optation of Mrs. Jennifer Susan Ramsey as company director made by the board of directors on the 6th of April 2022, and to appoint Mrs. Jennifer Susan Ramsey as a company director for the bylaw term of four years. All particulars are those to be stated in the certificate to be issued and which will be recorded in the Commercial Register of Madrid with the category of proprietary director. Is it approved?
The votes so far recorded show a 97.13% of the shareholders attending in person or by proxy supporting this resolution. There being a sufficient number of votes in favor, this resolution is approved in accordance with the provisions of the company bylaws. Proposal 7.2, to re-elect as company director, Mr.
John Matthew Downing, whose particulars will be set out in the certificate to be issued on file with the Commercial Register of Madrid for the term of 4 years. Mr. Downing will hold the status of Proprietary Director in accordance with the provisions of Article 529, point 3 of the capital of the Spanish company's law, as he represents a majority shareholder in Imperial Brands PLC on the board of directors. 99.34% of shareholders that are in attendance or represented by proxy support this resolution, which is therefore approved according to the provisions of the company laws.
Proposal number 8, to approve the new directors remuneration policy for the 2023-2025 period, which was made available to the shareholders at the time the general meeting was called together with the report proposal of the Appointments and Remuneration Committee and the supporting proposal of the board of directors. It is expressly stated for the record that the remuneration policy includes a maximum amount of annual remuneration to be paid to all directors for the purposes of the provisions under Articles 217.3 and 529.6.17 of the Spanish company laws. Is it approved?
The votes recorded so far show that 77.27% of shareholders support this resolution. There have been sufficient favorable votes. This proposal is approved.
Proposal number 1, to approve on a consolidated basis the annual report on the remuneration of the directors of Compañía de Distribución y Tecnología, Holdco, SA, for the year ended September 30th, 2022. Is it approved?
Well, the votes so far recorded show that 99.98% of the shareholders support this resolution. This resolution is therefore approved according to the company's bylaws.
Proposal number 10, to approve the amendment of article number 1, the general meeting of the company's articles of association, to allow the possibility of holding general meetings of the company exclusively by electronic means, incorporating a new paragraph in section 3 thereof, with the wording set out in the proposed resolutions made available to the shareholders at the time of convening the general meeting. Is it approved?
Well, the votes recorded so far show at firsthand that 99.31% of shareholders that are attending in person or by proxy support this resolution. Therefore, this resolution is approved. There have been sufficient votes in favor.
Proposal 11, to approve the amendments to the following articles of the regulations of the company's general shareholder meeting. Article 1, regarding attendance at the meeting by remote means of communication in real time, to develop the rules governing telematic attendance means at the general meeting, and in particular to regulate exclusively telematic attendance at the meeting. 2, Article 1, place and holding of the meeting to provide for the holding of exclusively telematic meetings. Article 13, formation of the attendance list and commencement of the meeting to reflect the holding of exclusively telematic meetings.
Article 14, the participation of shareholders in order to regulate their participation through telematic means. Number 5, article 5, voting and adoption of resolutions to regulate the effects on voting of abandonment of the meeting in cases of telematic attendance, in all cases with the wording appearing in the proposed resolutions made available to the shareholders on the occasion of the call to the meeting. Is it approved?
According to the votes recorded so far, 99.37% of shareholders that are attending in person or by proxy approve this resolution, which is therefore formally approved.
Proposal number 2, to delegate upon the board of directors, upon each and every member, including the secretary, that any of them independently and with their sole sanction, in respect of the resolutions adopted by this AGM can formalize such resolutions into public deeds, sign such public or private documents and take such actions as may be necessary or advisable for the implementation of the resolutions adopted by this AGM before any public or private bodies or authorities, and request the registration in the Commercial Register in any other appropriate register to draw up any such public or private documents as may be necessary and advisable, and to carry out such formalities as may be appropriate in order to execute and bring them to a successful conclusion. 99.99% of shareholders support this proposal. There have been a sufficient number of favorable votes.
This proposal is approved according to the company bylaws. Ladies and gentlemen, we have therefore come to the end of this AGM. Therefore, on behalf of myself and on behalf of the board of directors, I thank you for your attendance and for your attention. Thank you very much. The meeting is now adjourned.