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PROPOSAL TO APPROVE THE FINANCIAL STATEMENTS
AND TO ALLOCATE NET PROFIT FOR 2013
Shareholders,
We are submitting the financial statements for the year ended 31 December 2013 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 2013, which close with a net profit of Euro
184,684,558, and
RESOLVES
a) to approve:
• the report on operations by the Board of Directors;
• the financial statements at 31 December 2013;
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 184,684,558;
b) to allocate net profit for the year of Euro 184,684,558 as follows:
• Euro 909 to the Legal Reserve, thereby reaching one-fifth of share capital at 31 December 2013, as
required by art. 2430 of the Italian Civil Code;
• approximately Euro 89 million to pay a gross dividend of Euro 0.42 to each voting share (taking
account of directly held treasury shares, currently numbering 3,028,500);
• Euro 536,480 to the “Share issue reserve under art. 2349 of the Italian Civil Code”, subject to
the shareholders’ approval at today’s meeting of both the incentive plan that provides for the
allotment of new shares, and the related share capital increase to serve this incentive plan;
• the remainder of approximately Euro 95 million to retained earnings.
The dividend will be paid out from 25 April 2014 (record date 24 April) to those shares outstanding on the
ex-div date of 22 April 2014.
Milan, 25 February 2014
On behalf of the Board of Directors
The Chairman
Massimo Tononi
