Shareholders' Meeting 18 April 2013
April 18 2013 - 10:28AM
Italian Regulatory (Text)
Pre s s Re l e a s e Brune l l o Cuc i n e l l i S.p.A. BRU N E
L L O CU C I N E L L I : T h e Sha r e h o l d e r s ' M e e t i n
g ha s a p p r o v e d se p a r a t e fina n c i a l st a t e m e n
t s of t h e Com p a n y a s of 3 1 De c e m b e r 2 0 1 2 . N e t
profit of t h e Com p a n y of 2 3 m i l l i o n ; Divide n d of 0
. 0 8 pe r sha r e ; Approva l of t h e Re p o r t on Re m u n e r
a t i o n ; Appoint m e n t of t h e c o o p t e d dire c t o r ;
Approva l of t h e c h a n g e s t o a r t i c l e s 1 4 a n d 2 1
of t h e Com p a n y 's By -l a w s . t he
Solomeo, 18 April 2013 Today, the Annual Shareholders' Meeting of
Brunello Cucinelli S.p.A. th an Italian maison operating in the
luxury goods sector, listed on 27 April last year on the Borsa
Italiana Electronic Stock Exchange chaired by the Chairman and
CEO, Mr. Brunello Cucinelli, took place. On the ordinary session,
the Shareholders' Meeting has resolved to approve the separate
financial statements of the Company as of 31 December 2012 and to
allocate the net profit of 23,008,792 as follows: a dividend of
0.08 euro per share, corresponding to a 24% pay-out ratio of the
Group's net income. The dividend will be put into payment on 23 May
2013, with the share going ex-dividend on 20 May 2013; 1,150,440
will be allocated to the "legal reserve"; 16,418,352 will be
allocated to the "extraordinary reserve".
During the meeting the consolidated financial statements of the
Group as of 31 December 2012 have been also discussed. The
Shareholders' Meeting has confirmed the appointment of Mr. Giuseppe
Labianca, as director, following cooptation occurred on 14 December
2012. The Shareholders' Meeting has approved the first section of
the Report on Remuneration dedicated to the remuneration policy of
the Company, as drawn up by the Board of Directors pursuant to
article 123-ter of the Legislative Decree dated 24 February 1998
no. 58. On the extraordinary session, the Shareholders' Meeting
approved the changes to article 14 (Procedure for the appointment
of the Board of Directors) and article 21 (Procedure for the
appointment of the Board of Statutory Auditors) of the Company's
By-laws.
***
The manager in charge of preparing the corporate accounting
documents, Moreno Ciarapica, declares pursuant to and to the
effects of article 154-bis, paragraph 2 of Legislative Decree no.
58 of 1998 that the disclosures included in this release correspond
to the balances on the books of account and the accounting records
and entries. The minutes of the Shareholders' Meeting of Brunello
Cucinelli S.p.A. will be made available to the public according to
the current regulation.
***
Brunello Cucinelli S.p.A. is an Italian maison operating in the
absolute luxury goods sector which specializes in cashmere and has
gradually become one of the most exclusive brands in the
international informal luxury prêt-à-porter sector. Brunello
Cucinelli, founded in 1978 by the stylist and entrepreneur of the
same name, posted a net turnover of 279.3 million in 2012 (+15.1%
compared to the previous year), of which around 75.4% was achieved
overseas, and a normalized EBITDA of 49.1 million (up by 22.3%
compared to the previous year), and has more than 800 employees.
The Group operates in more than 50 countries worldwide through a
network of more than 80 monobrand stores and boutiques located in
the world's leading capitals and cities (Milan, Venice, Paris,
London, Madrid, Barcelona, Berlin, New York, Los Angeles, Miami,
Chicago, Mexico City, Moscow, Tokyo, Hong Kong and Shanghai) and in
the most exclusive resorts (such as Capri, St. Tropez, Porto Cervo,
Cannes, Cortina, St. Moritz, Sylt, East Hampton and Aspen), and has
a significant presence in around 1,000 selected multibrand outlets,
including the top luxury department stores. The success of Brunello
Cucinelli S.p.A. is rooted in a "Made in Italy" culture consisting
of high-quality, craft based, exclusive, contemporary products,
with business since the company's foundation being conducted in the
mediaeval hamlet of Solomeo, lying on the outskirts of Perugia.
Contact:
Media Vittoria Mezzanotte Brunello Cucinelli S.p.A. Tel. +39
02/34.93.34.78 Investor Relations Pietro Arnaboldi Brunello
Cucinelli S.p.A. Tel. +39 075/69.70.079 Ferdinando de Bellis
Barabino & Partners Tel. +39 02/72.02.35.35
Corporate web-site: www.brunellocucinelli.it
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