MEA
ESSENTIAL FACT
WATTS S.A.
Santiago, April 27, 2023
DL N* 089/ 2020
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
PRESENT
From our consideration:
WATTS S.A., Sociedad Anónima abierta, in accordance with the provisions of article 9 e
second paragraph of article 10 of Law 18,045 on Securities Markets and duly
empowered by the Board of Directors of the Company, I communicate to you, as a Fact
Essential with respect to the Company, its business, its public offering securities or the
offer of them, which on April 26 of this year, was held the Board
Ordinary Shareholders in which the following resolutions were taken:
1) The Annual Report, Balance Sheet, Financial Statements and Report of the
External Auditors corresponding to the financial year 2022.
2) The distribution of a final dividend N%12 of $ 20 per share, charged
to 2022 earnings. This dividend will be paid from the day
May 26, 2023. They will be entitled to this dividend, the registered shareholders
in the Register, at midnight on the fifth working day preceding the appointed date
For payment, this is as of May 20, 2023.
3) The dividend policy consisting of Distributing minimum dividends was agreed
mandatory equivalent to 30% of the “Profits attributable to the Holders of
Instruments of Participation in the Equity of the Controller”,
except for unrealized results of material changes in value
reasonable assets and liabilities. With the Approval of the Ordinary Meeting,
may agree on the distribution of dividends in addition to the minimum distributions
Mandatory. The distribution of Provisional Dividends is not contemplated.
2
It was agreed to appoint KPMG as External Auditors of the Company.
Auditores Consultores SpA also designates for the financial year 2023 as
risk classifiers to “FELLER RATE RISK CLASSIFIER
LIMITED” to “HUMPHREYS RISK CLASSIFIER LIMITED” to FITCH
WATTS S.A.
Av. Pdte. Jorge Alessandri N* 10501 – San Bernardo – Phone: 224414000 – Casilla 14271 – Correo 21 – Santiago – CHILE
CHILE CLASIFICADORA DE RIESGO LIMITADA and ICR CHILE
RISK CLASSIFIER
5) The remuneration of the Board of Directors for the year 2023 was determined.
6) The remuneration and budget of the Directors’ Committee were fixed, according to the
Article 50 bis of Law 18,046, for the year 2023.
(7) Information was provided on the operations referred to in article 147 of the Law on
Corporations.
8) It was agreed that the electronic newspaper El Libero will be the newspaper where
publish notices of summons to shareholders’ meetings.
1) The Board of Directors was renewed, and the following gentlemen were elected:
Rodolfo Veliz Moller
Anibal Larrain Cruzat
Felipe Soza Donoso
Fernando Jose Larrain Cruzat
Bonifacio Bilbao Hormaeche
Francisco de Borja Larrain Cruzat
Veronica Morales Mena (Independent Director)
Pablo Echeverría Benítez (Independent Director)
Pablo Turner González (Independent Director)
Duly empowered, this communication is signed by Mr. General Manager of the Company.
Without further ado, he sincerely greets
SANTIAGO LARRAIN CRUZAT
General Manager
WATTS S.A.
c.c.: Messrs. Santiago Stock Exchange,
Electronic Stock Exchange of Chile
WATTS S.A.
Av. Pdte. Jorge Alessandri N* 10501 – San Bernardo – Phone: 224414000 – Casilla 14271 – Correo 21 – Santiago – CHILE
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=f63abeee1c5ed793827ec5f19a870e1bVFdwQmVVMTZRVEJOUkVVMFRVUm5OVTVCUFQwPQ==&secuencia=-1&t=1682655001
