Milan, 14 April 2020 – The Board of Directors of Maire Tecnimont S.p.A. (the "Company") held today, taking into account the continuous evolution of the global scenario resulting from the COVID-19 epidemiological emergency and the regulatory measures issued as a result of it, including the Decree-Law 8 April 2020 No. 23, effective from 9 April 2020, resolved – taking a prudent approach - to suspend the distribution of the 2019 dividends, proposing to the Shareholders’ Meeting to carry forward the profit for the 2019 financial year, and to withdraw the proposal authorizing the purchase and disposal of treasury shares, reserving to put in place new evaluations regarding the future distribution of reserves and the purchase and disposal of treasury shares by the end of the 2020 financial year.
Consequently, the Board of Directors revolved to postpone the ordinary Shareholders’ Meeting, convened for 16/17 April 2020, until 30 April 2020, on first call, and on 4 May 2020, on second call, amending its agenda.
The proposal of the Board of Directors contained on page 289 of the 2019 Annual Financial Report approved on 11 March 2020 and updated on 1 April 2020, along with the proposal of the Board of Directors updated today as a result of the above, are displayed with parallel text translation here under.
Besides, the last sentence on page 21 of the Report by the Board of the Statutory Auditors ex art. 153 of D. Lgs. 58/98 ("CFA") for the Shareholders' Meeting and made available to the public on 26 March 2020, along with the last sentence of the separate Note to the said Report, approved today by the Board of the Statutory Auditors as a result of the above, are also displayed with parallel text translation here under.
The amendment and integration of the call notice for the ordinary Shareholders’ Meeting, the Explanatory Report by the Board of Directors concerning the issues on item 1 on the agenda, amended today and, as well as, the separate Note of the Board of the Statutory Auditors are made available to the public at the Company’s website www.mairetecnimont.com (section “Governance” - “Shareholders' Meeting Documents” - “2020”), and on the authorized storage device 1info (www.1info.it).
Maire Tecnimont S.p.A.
Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, is at the head of an international industrial group leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution competences). Through its subsidiary NextChem it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, numbering around 50 operative companies and a workforce of approximately 6,500 employees, along with approximately 3,000 professionals in the electro-instrumental division. For more information: www.mairetecnimont.com.
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