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19 April 2019 at 12:31
The proposal to distribute a dividend of €0.45 per share has been approved.
Resolutions in relation to the purchase and/or sale of own shares.
Reply S.p.A. Shareholders’ meeting [MTA, STAR: REY] today approved the Financial Statements for the financial year 2018, confirming the distribution of a gross dividend of €0.45 per share.
The dividend will be paid on 8 May 2019, with dividend detachment date set on 6 May 2019 (record date 7 May 2019).
The Reply Group closed the 2018 financial year with a consolidated turnover of €1,035.8 million (€884.4 million in 2017). EBITDA amounted to €144.8 million (€123.2 million in 2017), while EBIT amounted to €132.4 million (€113.9 million in 2017). The group net profit amounted to €99.9 million (€77.9 million in 2017).
The Shareholders’ Meeting also approved the following resolutions:
The Shareholders ‘Meeting authorised a new programme for the purchase of treasury shares, withdrawing the one currently approved in the Shareholders’ Meeting of 23 April 2018: the main objective of this programme is the purchase of shares to service the stock incentive plans, transactions aimed at the acquisition of investments, extraordinary financial transactions and/or the conclusion of agreements with strategic partners.
The authorisation has a duration of 18 months from the date of the resolution, for a maximum of 7,478,256 ordinary shares (equal to 19.9892% of the current share capital) with a nominal value of €0.13 each for a maximum nominal value of €972,173.28, within the limit of a maximum financial commitment of €100,000,000. The purchase price cannot be lower than the nominal value (currently €0.13) and higher than the official price of the trades registered on the MTA market the day before the purchase increased by 15%.
The Shareholders’ Meeting also approved Section I of the remuneration report prepared pursuant to Art. 123-ter of the Legislative Decree. No. 58/1998
Following the expiration of the previous mandate, the Shareholders' Meeting approved the proposal to appoint PricewaterhouseCoopers SpA as statutory auditor of the separate and consolidated financial statements for each of the nine-year periods 2019-2027, pursuant to and in compliance with current legislation (articles 13 and 17 of Italian Legislative Decree 39/2010).
The manager responsible for preparing the company's financial reports, Dr Giuseppe Veneziano, states in accordance with Paragraph 2 of Article 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the company's records, ledgers and accounting entries.
This press release is a translation, the Italian version will prevail.