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23 April 2018 at 13:14
The proposal to distribute a dividend of €0.35 per share has been approved..The Board of Directors and the Board of Statutory Auditors have been appointed for the three-year period 2018-2020.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 2017, confirming the distribution of a gross dividend of €0.35 per share (up 21.7% compared to the previous year, taking into consideration the equity split occurred in October 2017, which converted each ordinary share, having a nominal value of €0.52 into 4 new ordinary shares, nominal value of €0.13).
The dividend will be paid on 9 May 2018, with dividend detachment date set on 7 May 2018 and record date 8 May 2018.
The Reply Group closed the 2017 financial year with a consolidated turnover of €884.4 million, increasing by 13.3% compared to the €780.7 million turnover of 2016. EBITDA amounted to €123.2 million (€106.4 million in 2016), while EBIT amounted to €113.9 million (€99.6 million in 2016).
The group net profit amounted to €77.9 million, an increase of 15.3% compared to the €67.5 million net profit recorded in 2016.
The Shareholders’ Meeting also approved the following resolutions:
The Shareholders’ Meeting appointed the new members of the Board of Directors and the Board of Statutory Auditors for the three-year period 2018-2020, on the basis of the lists of candidates presented.
Appointed Directors were:
The nominated Board of Statutory Auditors consists of three members and two alternates:
The CV of the Directors and Statutory Auditors and the additional documentation required by current legislation are available in the investors section of the website
The Shareholders ‘Meeting authorised a new programme for the purchase of treasury shares, withdrawing the one currently approved in the Shareholders’ Meeting of 21 April 2017: 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.
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.