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21 April 2016 at 11:50
Approved the proposal to distribute a dividend of 1.00 Euros per share.
Approved the plan for purchase and/or sale of treasury shares.
The Shareholders' Meeting of Reply S.p.A. [MTA STAR: REY], which met today in ordinary and extraordinary sessions, approved the 2015 financial statements, confirming the distribution of a gross dividend of 1.00 Euros per share.
The dividend will be payable on 11 May 2016, with the ex dividend date set at 9 May 2016 (record date 10 May 2016).
The Reply Group closed the 2015 financial year with a consolidated turnover of 705.6 million Euros, an increase of 11.6% compared to 632.2 million Euros reported in the 2014 financial year. The EBITDA amounted to 98.7 million Euros (85.1 million Euros in 2014), while EBIT came to 90.6 million Euros (80.7 million Euros in 2014). The Group’s net profit amounted to 56.7 million Euros (47.9 million Euros in 2014).
The Shareholders' Meeting also approved the following resolutions:
The Shareholders’ Meeting authorised a new treasury share purchase programme, by withdrawing the current one as approved in the Shareholders' Meeting on 23 April 2015: 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%.
The Meeting has also approved Section I of the Remuneration Report pursuant to art. 123-third of Legislative Decree 58/1998.
The Shareholders’ Meeting revoked the proxy conferred on the Board of Directors to increase the share capital, about to expire on 28 April 2016, and again authorized the Board, in accordance with art. 2443 of the Civil Code, to increase the share capital with a premium and the exclusion of the shareholders’ option right, in accordance with article 2441, point 4, up to a maximum registered share amount of 312,000.00 Euros. This is to be carried out via the issuance of up to 600,000 new ordinary Reply S.p.A. shares, with a nominal value of 0.52 Euros each, to be issued in one or more tranches, and therefore in partial form, for a maximum period of five years, and to be executed via the conferral of shares of stock companies with the same type of business or kind of business related to the company’s activity or in any case functional to the development of the company’s activity. The Shareholders’ Meeting consequently resolved to revise article 5 (Capital) of the Articles of Association.
"In 2015, Reply established itself not only as an important player in the innovation technology arena, but also across the main transformation processes that all corporations are introducing in order to be prepared for the next “Service Economy”, which will be characterised by continuous exchanges between the real world and the digital ones", commented Mario Rizzante, President of Reply.
"Today - continues Mario Rizzante -
Big Data, Cloud Computing and Internet of Things are not just perceived as technological domains by the companies, but they are revealing themselves as the fundamental elements through which processes, supply chains, services and tangible goods can be rethought. This new scenario represents a big opportunity for Reply: for this reason, we are investing in new innovative components, such as Immersive Reality, Industry 4.0 and Machine Learning".
Pursuant to Paragraph 2, Article 154 bis of the Consolidated Finance Act, Director Dr. Giuseppe Veneziano declares that the accounting information contained in this press release corresponds to the accounting figures, books and documents.
This press release is a translation, the Italian version will prevail.