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16 April 2014
The proposal to distribute a dividend of 0.70 Euros per share was approved.
The plan to purchase and/or sell treasury shares and Remuneration Report were approved.
The General Shareholders’ Meeting of Reply S.p.A. - a company listed on the STAR segment of the Milan stock exchange and belonging to the Mid Cap index of the Milan stock exchange [MTA, STAR: REY] – met today, in ordinary and extraordinary sessions, and approved the financial statements for 2013, confirming the distribution of a gross dividend of 0.70 Euros per share.
The dividend will be paid from 25 April 2014, with the ex-dividend date set at 22 April 2014 (record date 24 April 2014).
2013 Financial Statements
The Reply Group ended 2013 fiscal year with a consolidated turnover of 560.2 million Euros, an increase of 13.2% over the 494.8 million Euros reported in 2012.
EBITDA achieved was 72.6 million Euros (62.4 million Euros in 2012) while EBIT achieved was 64.2 million Euros (52.2 million Euros in 2012). Net profit was 34.5 million Euros (27.1 million Euros in 2012).
The Shareholders’ Meeting also approved the following resolutions:
Approval of the Treasury share purchase and/or sale plan
The Shareholders’ Meeting authorised a new treasury share purchase programme, by withdrawing the current one as approved in the Shareholders’ Meeting on 23 April 2013: the main objective of this plan is the purchase of shares to service the share incentive schemes, transactions aimed at acquiring stakes in new companies, extraordinary financing operations and/or agreements with strategic partners.
The plan will last for 18 months from the approval date, for a maximum of 1,869,564 ordinary shares (equal to 19.9892% of the current share capital) with a nominal value of 0.52 Euros each for a maximum nominal value of 972,173.28 Euros, with a maximum financial commitment of 50,000,000 Euros. The purchase price cannot exceed the official price of the transactions recorded on the MTA market the day prior to the purchase, increased by 15%.
Approval of the Remuneration Report
The Shareholders’ Meeting also approved section I of the Remuneration Report as per Article 123-ter of Legislative Decree 58/1998.
Amendment of some articles of the Articles of Association
The Shareholders’ Meeting also approved some amendments to the Articles of Association, aimed mainly at incorporating the provisions of Law no. 120/2011 relating to gender equality in corporate bodies of listed companies.
"Nowadays - stated Mario Rizzante, Chairman of Reply - in terms of skills, size and reliability, Reply is a key consultant and technological partner in the new market scenario resulting as the physical reality blends with the digital worlds. Our goal is to go on investing in the components that will increasingly make the transformation of business models easier for companies in all the industrial sectors: Big Data, Cloud Computing, Digital Services, Mobile, Social Media and the Internet of Things".
The manager responsible for drawing up the company’s accounts, Mr Giuseppe Veneziano, declares that, pursuant to Paragraph 2 of Article 154 bis of the Consolidated Finance Law, the accounting information contained in this release matches the information included in the accounting books and records.
This press release is a translation, the Italian version will prevail.