The Board of Directors approves the draft Financial Statements at December 31, 2016 of SEA SpA, prepared in accordance with IFRS, which show a net profit of Euro 87,856,117.38.
The Board of Directors proposes to the Shareholders’ Meeting to allocate the profit for the year 2016 of Euro 87,856,117.38 as follows:
- Euro 70,300,000.00 as dividends to the Shareholders, amounting to Euro 0.2812 per share;
- Euro 17,556,117.38 to the extraordinary reserve.
The Chairman of the Board of Directors
Pietro Modiano
SHAREHOLDERS' MEETING RESOLUTIONS
The ordinary Shareholders' Meeting held on 3 May 2017 resolved:
1) to approve the Directors' report prepared by the Board of Directors and the Financial Statements at 31 December 2016 with the relevant Explanatory Notes, as proposed by the administrative body itself.
2) To approve the allocation of the net profit for 2016, amounting to Euro 87,856,117.38, as follows:
- Euro 70,300,000.00 as dividends to Shareholders, amounting to Euro 0.2812 per share;
- Euro 17,556,117.38 to the extraordinary reserve.
3) To set the deadline for the payment of the dividend at 26 June 2017, with any rounding on payment allocated to the extraordinary reserve.
The Chairman of the Board of Directors
Pietro Modiano