Shareholders' meeting
2009 Financial statements approved Dividend of euro 0.417 per share for a total of around Euro 74 Million Board of statutory auditors appointed for next 3 years New appointment to the board of directors Current incentive plan extended
2009 Financial statements approved
Dividend of euro 0.417 per share for a total of around Euro 74 Million
Board of statutory auditors appointed for next 3 years
New appointment to the board of directors
Current incentive plan extended
The shareholders of Prysmian S.p.A. met today in ordinary and extraordinary session. During the ordinary session, the shareholders:
| • | approved the financial statements for 2009 and the distribution of a dividend of Euro 0.417 per share for a total of around Euro 74 million. The dividend will be paid out from 22 April 2010, with the shares going ex-div on 19 April 2010, and will be payable to shares outstanding on the ex-div date; |
| • | appointed the Board of Statutory Auditors, in the persons of: - Marcello Garzia, Chairman, - Luigi Guerra, Standing statutory auditor, - Paolo Burlando, Standing statutory auditor, - Giovanni Rizzi, Alternate statutory auditor, - Luciano Rai, Alternate statutory auditor. |
The Board of Statutory Auditors thus appointed will remain in office until the Shareholders' Meeting called to approve the financial statements at 31 December 2012. Since no candidate slates were presented, the Shareholders' Meeting appointed the Board of Statutory Auditors on the basis of the shareholders’ proposals, by majority vote, with the majority required by the law, without slate voting mechanism. The curricula vitae of the newly appointed statutory auditors are available on the Company's website at www.prysmian.com;
| • | determined that the Board of Directors should have 10 members, and appointed Stefano Bulletti as a new director, whose mandate will end, together with the other directors, at the Shareholders' Meeting called to approve the financial statements at 31 December 2011. The curriculum vitae of the new director are available on the Company's website at www.prysmian.com; |
| • | set the annual emoluments of the Board of Directors at Euro 325,000 for financial year 2010, and granted the Board itself the authority to determine how such sum should be allocated between all or just some of the directors; |
| • | approved, under article 114-bis of Italian Legislative Decree 58/98, the amendments to the Incentive Plan adopted by the Company in 2006 and already communicated to the market, even through the related information memorandum. |
During the extraordinary session, the shareholders voted to amend art. 6 of the By-laws so as to extend until 30 June 2013 the term for subscribing the capital increase for cash which is associated with the above Incentive Plan.
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Maria Cristina Bifulco
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