Dividends

Net Income distribution and Share Premium Reserve distribution (2018)

 

The Shareholders' Meeting approved on April 9th, 2018, the proposal of the Board of Directors to allocate the Euro 48.4 million Net Income to dividend distribution for Euro 47.8 million, equal to Euro 0.245 per ordinary share, and to allocate to Retained Earnings the remaining balance.

The  Shareholders' Meeting has also resolved to distribute part of the share premium reserve for Euro 4.9 million, equal to Euro 0.025 per ordinary share.

The above distribution of Net Income and share premium is qualified for tax purposes as taxable dividend for the overall amount of Euro 48.4 million – equal to 0.248 per ordinary share. In particular it is composed as follows: i) net income as at 31 December 2017 – euro 0.245 per ordinary share and ii) taxable reserve according to article 47(1) of the Italian Tax Code – euro 0.003 per ordinary share. The remaining part of the distribution – equal to euro 0.022 per ordinary share – is qualified as non - taxable reserves. In addition, the distribution is not subject to the provisions set out by Ministerial Decree 02/04/2008 and Ministerial Decree 26/05/2017.

The distribution of part of the share premium reserve, together with the net income distribution, equal to Euro 0.270 per ordinary share in total, will be payable on 23 May 2018 with ex-dividend date scheduled on 21 May 2018 (coupon no. 4), and record date on 22 May 2018.

 

Historical Dividends 2015-2018

Payment      Dividend (€)     
2015 0.205
2016 0.230
2017 0.247
     2018      0.270