04/29/2014
5.27 p.m.
General Shareholders’ Meeting of April 29, 2014
Financial statements 2013 approved
Consolidated net income: €336.6 million
Annual dividend: 25 eurocents per share
Balance dividend: 0.15 eurocents per share
Authorization to purchase company’s own shares renewed
Board of directors and board of statutory auditors appointed
Remuneration policies report approved
The Ordinary General Shareholders' Meeting of Mediolanum S.p.A held today in Basiglio (MI) approved the Annual Financial Statements for the year closed on December 31, 2013 – showing a net profit of Euro 335,4 million - and the distribution of an annual dividend of € 0.25 per share, € 0.1 of which paid as advance in November 2013; the balance dividend of € 0.15 will be paid from May 22, 2014 at the shareholders' intermediaries in conformity to the results of the accounts at the end of May 21, 2014 (record date). On the market, the shares will be negotiated ex-dividend from May 19, 2014 (coupon n. 28).
The consolidated net income of the Group amounted to Euro 336.6 million.
The General Meeting also:
- following last years' resolutions, authorized the Board of Directors to purchase and sell the company's own shares up to a maximum of 8,000,000 shares, equal to 1.09% of the share capital, within the limit of € 60 million until the date when the General Shareholders' Meeting is convened to approve the financial statements for the year 2014 but, in any event, within a period of 18 months. The resolution also confirmed the faculty for the Board of Directors to benefit from the "accepted market practice" relating to the sustain of the market liquidity;
- Appointed the Board of Directors as follows:
Carlo Secchi – Chairman; Ennio Doris; Alfredo Messina; Massimo Antonio Doris; Pasquale Cannatelli; Edoardo Lombardi; Luigi Berlusconi; Maurizio Carfagna; Danilo Pellegrino; Anna Scarfone; Angelo Renoldi; Mario Molteni; Elena Biffi; Maria Alessandra Zunino de Pignier; Roberto Maviglia. Mr. Roberto Maviglia was a candidate of the list filed by the minority shareholders representing 1.206% of the share capital, while all the other directors were candidates of the list of the majority shareholders filed by the parties to the Shareholders' Agreement governing Mediolanum.
Directors C. Secchi, A. Renoldi, M. Molteni, E. Biffi, M. A. Zunino de Pignier and R. Maviglia declared to be independent pursuant to Section 148, para. 3, of Leg. Decree n. 58 of 1998;
The Board of Directors, convened today following the Shareholders' Meeting, will proceed to grant the suitable offices and powers.
- appointed the members of the Board of Statutory Auditors as follows:
Stefano Fiorini – Chairman; Francesca Novati – Standing Auditor; Riccardo Perotta – Standing Auditor; Mario Signani – Alternate Auditor; Ferdinando Gatti – Alternate Auditor; Francesca Meneghel – Alternate Auditor. The Chairman of the Board of Statutory Auditors Mr. Stefano Fiorini and the Alternate Auditor Mr. Mario Signani were candidates of the list filed by the minority shareholders representing 1.206% of the share capital, while all the other auditors were candidates of the list of the majority shareholders filed by the parties to the Shareholders' Agreement governing Mediolanum.
- approved the report concerning the remuneration policies pursuant to Section 123 ter para. 6 of , of Leg. Decree n. 58 of 1998 and any other provision of law or regulation;
Please note that the Officer in charge of preparing Mediolanum S.p.A accounting documents, Luigi Del Fabbro, has certified that, in compliance with the requirements of the second paragraph of Section 154 bis of Leg. Decree n. 58 of 1998, the financial information contained herein reflects the accounting entries, records and the books.
Basiglio - Milano 3 City, April 29, 2014
