Fondiaria-SAI S.p.A.: Shareholders' meeting approved the FY 2003 accounts
Shareholders’ meeting of Fondiaria-SAI S.p.A., chaired by Mrs. Jonella Ligresti was held today and approved the FY2003 accounts, that show a net profit of € 133.1 m. ( FY2002 net profit € 72.4 m.).
The Meeting approved the net profit destination proposal, that allocates a dividend of € 0,4 for each entitled ordinary share and of € 0,452 for each entitled savings share. This dividend entitles, if due, to a full tax credit and will be paid as from May 27th, 2004.
In addition, the Meeting has renewed, within a period of twelve months, the authorization to purchase own ordinary and/or “savings shares”, up to a total number of 5,000,000 shares and, in any case, for a total maximum countervalue of € 75m. ,revoking, for the not utilized part, the similar resolution passed on 29 April 2003; furthermore, it has authorized the purchase of shares of the controlling company, Premafin Finanziaria S.p.A., within a period of twelve months, up to a total number of 20,000,000 shares and in any case for a total maximum countervalue of € 15 m. .
In extraordinary session, the meeting has approved the extension of two years of the exercise period of the “Warrant Fondiaria-SAI 1992-2004” and, therefore, until August 31st, 2004.
Finally, the Meeting approved some changes in the Company’s bylaws, related to Corporate Law reform.
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