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Shareholders' meeting approves the Financial Statements at 31 December 2017 and the distribution of a dividend

SHAREHOLDERS’ MEETING APPROVES THE FINANCIAL STATEMENTS AT 31 DECEMBER 2017 AND THE DISTRIBUTION OF A DIVIDEND

 

  • Financial Statements at 31 December 2017 approved
  • Total dividend of Euro 42,063,895.55 approved
  • Section One of the 2018 Remuneration Report pursuant to Art. 123-ter of Legislative Decree 58/98 approved

 

 

 

Milan, 26 April 2018 – The Shareholders’ Meeting of Maire Tecnimont S.p.A. (the “Company”) - met today in ordinary session, in first call, under Chairman Fabrizio Di Amato - approved all orders items on the agenda.

In detail, the Shareholders’ Meeting, taking into account the 2017 Group’s Consolidated Financial Statements, approved i) the Company’s financial statements at 31 December 2017, which presents a net profit of Euro 60,143,682.32 and ii) the proposal to distribute total dividend of Euro 42,063,895.55, equal to one third of the net profit consolidated at 31 December 2017 of Euro 126.6 million.

Finally, the Shareholders' Meeting voted in favor of Section One of the 2018 Remuneration Report prepared in accordance with Art. 123-ter of the Consolidated Finance Act.

 

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In accordance with Art. IA.2.1.2, par. 1 of the Instructions for the Regulations of the Markets organized and managed by Borsa Italiana S.p.A., the Company, moreover, announces that:

i)      the detachment of the coupon no. 4, representative of the dividend is set for 30 April 2018 (i.e. “ex date”), with payment from 3 May 2018 (i.e. “payment date”);

ii)     the dividend of Euro 0.128 per share, gross of any legally mandated withholding per each share in circulation at the date the coupon no. 4 is detached, for a total amount of Euro 42,063,895.55, equal to one third of the net profit consolidated at 31 December 2017 of Euro 126.6 million, is earned on the 2017 net profit of Euro 60,143,682.32; the remaining Euro 18,079,786.77 are allocated to retained earnings;

iii)   pursuant to Art. 83-terdecies of the Consolidated Finance Act, dividend entitlement will be determined on the basis of the accounts of the intermediary set out in Art. 83-quater,paragraph3 of the Consolidated Finance Act, at the end of the accounting day of 2 May 2018 (i.e. “record date”).

 

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A summary report of all the votes will be made available on the Company’s website at www.mairetecnimont.com at the page http://www.mairetecnimont.com/en/governance/documentazione-assemblee-degli-azionisti/2018, pursuant to Article 125-quater of the Consolidated Finance Act, within the term of five days from the Shareholders’ Meeting.

 

The minutes of the Company’s Shareholders' Meeting will be made available to the public according to the terms and conditions established in applicable legislation.

 

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Dario Michelangeli, in his capacity as Manager Responsible for preparing corporate accounting documents, hereby declares, pursuant to Art.    154-bis, paragraph 2 of Legislative Decree 58/1998, that the accounting information contained in this press release corresponds to the documented results, books and accounting entries.

 

 

Maire Tecnimont SpA

Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the international Engineering & Construction (E&C), Technology & Licensing and Energy Business Development & Ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (Oil & Gas, Petrochemicals and Fertilisers), as well as in Power Generation and Infrastructures. The Maire Tecnimont Group operates in approximately 40 different countries, numbering around 50 operative companies and a workforce of more than 5,500 employees, along with approximately 3,000 additional Electrical & Instrumentation professionals. For more information: www.mairetecnimont.com.

 

Institutional Relations and Communication

Carlo Nicolais, Tommaso Verani public.affairs@mairetecnimont.it

 

 

Media Relations

Image Building

Simona Raffaelli, Alfredo Mele, Alessandro Zambetti

Tel +39 02 89011300

mairetecnimont@imagebuilding.it

 

Investor Relations

Riccardo Guglielmetti

Tel +39 02 6313-7823

investor-relations@mairetecnimont.it