30 348
Consolidated Financial Report |
DIRECTORS’ REPORT
2014 Annual Report
Prysmian Group
30
ANNUAL GENERAL MEETING
The Annual General Meeting of shareholders of Prysmian
S.p.A. was held on 16 April 2014 in single call to vote on
several agenda items, including the approval of the 2013
financial statements, the appointment of a Director, the
authorisation of a share buy-back and disposal programme,
the approval of an incentive plan for Group employees,
the authorisation of a bonus capital increase serving the
incentive plan and the approval of the Remuneration Report.
The meeting, which was attended by over one thousand two
hundred shareholders, in person or by proxy, representing
more than 59% of the share capital (the highest attendance
since Prysmian's listing), approved all items on the agenda by
a large majority (more than 95%). In particular, the motions
regarding the Group employee incentive plan and the bonus
capital increase were adopted with a more than 97% vote
in favour, thus confirming the shareholders' full support for
these decisions taken by the Board of Directors.
The Annual General Meeting also approved the distribution
of a dividend of Euro 0.42 per share, in line with the amount
distributed the previous year. The dividend was paid on 25
April 2014, involving a total pay-out of approximately Euro
89 million.
Record attendance at the Annual General Meeting: more than 59%
of share capital represented.