The Board of Directors resolved to propose to the Shareholders the payment of a dividend of 18 eurocents per share relative to the net income for 2012. Considering the interim dividend of 10 eurocents per share already paid out in November 2012, the Board of Directors will propose at the General Shareholders' Meeting the distribution of a dividend balance of 8 eurocents per share, gross of any applicable taxes, payable on May 23, 2013* (ex-dividend date May 20, 2013; coupon No. 26).
The General Shareholders’ Meeting for the approval of the financial statements will take place on April 23, 2013 at 2:30 p.m. first call, and if needed, at the same time on April 24, 2013 in a second call. It is reasonable to assume that the shareholders’ meeting with take place on the first call.CONSOLIDATED GROUP RESULTS for 2012 confirm the excellent business performance, and were positively influenced by the strong year-on-year increase in the recurring revenues (management fees and interest income), in the performance fees, and in revenues from investments at fair value.
Moreover, the results incorporate an impairment equal to 63 million euro of the shareholding in Mediobanca, and a 20 million euro impairment in the goodwill of the Spanish subsidiary Banco Mediolanum S.A.
In light of the aforementioned:
In more detail, with reference to Banca Mediolanum:
Highlights in particular with respect to Banca Esperia:
With reference to the FOREIGN MARKETS:
Embedded Value, which includes all the Domestic Market businesses excluding Banca Esperia, and the business in Spain excluding the banking business, hit a record of 3,478 million euro at the end of 2012 (+27% with respect to 2011). Embedded Value Earnings came in at 831 million euro. In particular, the Value added by New Business was 250 million euro.
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Please note that the Consolidated and Separate Financial Statements
are currently under review by the independent auditors, who have not yet issued their report.
In an effort to provide more complete disclosure about the results for the year 2012, we have attached the segment report detailing income statement data, reclassified to reflect the criteria used by the Mediolanum Group. This reclassified segment report is not subject to audit by the independent auditors.
The Officer responsible for preparing Mediolanum S.p.A accounting documents, Luigi Del Fabbro, declares that, in compliance with the requirements of the second paragraph of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books.
A presentation in English of the financial information contained herein will be available at the Italian Stock Exchange and on the website http://www.mediolanum.com under Investor Relations > Financial Data > Presentations.
The Financial Statements as at December 31, 2012 will be available according to the terms set by law at the company’s Registered Office in Basiglio - Milano 3, Palazzo Meucci - Via F. Sforza, on the website www.mediolanum.com, and on the Borsa Italiana S.p.A. website.
The Independent Auditors’ report will be published in the same manner, as soon as it becomes available pursuant to current applicable regulations.
Please note that on March 19, 2013, the insurance regulator IVASS issued authorisation No. 32-13000332, related to the acquisition of the entire share capital of Mediolanum Assicurazioni S.p.A.
Therefore the parties will proceed with the closing of the acquisition, which will be effective March 31, 2013. The consideration – previously set at 35.9 million euro, based on Mediolanum Assicurazioni S.p.A.'s accounts and the value of its in-force business as at March 31, 2012 – will be adjusted according to the same parameters measured on March 31, 2013.
Mediolanum Assicurazioni S.p.A. - whose complementary business to the Mediolanum Group generated interest in the acquisition - operates in the insurance and reinsurance markets, offering retail customers a suite of insurance products featuring standardised contracts for the protection of individuals, households, equity and assets (non-life business, excluding Motor TPL).
The Board of Directors also approved the 2012 Social Report. For the past 7 years, this document has accompanied the Annual Report expanding upon the intangible aspects of corporate activities and their ethical, social, environmental and safety impacts with the aim of providing better, deeper insight into the work, commitment and values of the Group. The Social Report also serves the purpose of highlighting Mediolanum’s contribution to sustainable development through concrete practices in the relationships with the main internal and external stakeholders.
Attachments:
Basiglio - Milano 3 City, March 21, 2013
| Contacts: Media Relations Rosamaria Salatino Tel +39 02 9049 2027 e-mail: gmmedia@mediolanum.it |
Investor Relations Alessandra Lanzone Tel +39 02 9049 2039 e-mail: investor.relations@mediolanum.it |
