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PROPOSAL TO APPROVE THE FINANCIAL
STATEMENTS AND TO ALLOCATE
NET PROFIT FOR 2014
Massimo Tononi
ON BEHALF OF THE BOARD OF DIRECTORS
THE CHAIRMAN
Shareholders,
We are submitting the financial statements for the year ended 31 December 2014 for your approval and propose that you adopt
the following:
RESOLUTION
The Shareholders' Meeting:
• acknowledges the report by the Board of Directors,
• acknowledges the reports by the Board of Statutory Auditors and by the Independent Auditors,
• has examined the financial statements at 31 December 2014, which close with a net profit of Euro 191,556,235, and
RESOLVES
a) to approve:
• the report on operations by the Board of Directors;
• the financial statements at 31 December 2014;
as presented by the Board of Directors - as a whole and in their individual parts, along with the proposed provisions - which
report a net profit of Euro 191,556,235;
b) to allocate net profit for the year of Euro 191,556,235 as follows:
• Euro 42,414 to the Legal Reserve, thereby reaching one-fifth of share capital at 31 December 2014, as required by art. 2430
of the Italian Civil Code;
• approximately Euro 90 million to pay a gross dividend of Euro 0.42 to each ordinary voting share (taking account of directly
held treasury shares, currently numbering 2,813,984);
• the remainder of approximately Euro 102 million to retained earnings.
The dividend will be paid out from 22 April 2015 (record date 21 April) to those shares outstanding on the ex-div date of 20
April 2015.
Milan, 25 February 2015