Sabaf

Notice of Dividend Amount • Sep 29, 2020

Informazione Regolamentata n. 0226-132-2020		Data/Ora Ricezione 29 Settembre 2020 10:50:44	MTA - Star
Societa'	:	SABAF
Identificativo Informazione Regolamentata	:	137422
Nome utilizzatore	:	SABAFN03 - Beschi
Tipologia	:	REGEM
Data/Ora Ricezione	:	29 Settembre 2020 10:50:44
Data/Ora Inizio Diffusione presunta	:	29 Settembre 2020 10:50:45
Oggetto	:	Sabaf: the Shareholders' Meeting approves a dividend of €0.35 per share
Testo del comunicato

Vedi allegato.

Press release

Ospitaletto (BS), 29 September 2020

SABAF: THE SHAREHOLDERS' MEETING APPROVES

A DIVIDEND OF €0.35 PER SHARE

******************************************************************************************************************************************************************************

The Ordinary Shareholders' Meeting of Sabaf S.p.A., that was held today in Ospitaletto under the chairmanship of Mr. Pietro lotti, Chief Executive Officer, has approved the payout of a gross dividend of €0.35 per share.

On May 4th 2020, the Shareholders' Meeting approving the Financial Statements as at 31 December 2019 resolved to approve the proposal submitted by the Board of Directors to allocate the 2019 net profit to reserves, on a completely prudential basis, due to the uncertainties following the spread of the coronavirus pandemic. The figures of the first half of 2020 (which showed that the Company was able to face and overcome that difficult phase positively) and the good expectations for the second semester led the Board of Directors to convene today's Shareholders' Meeting, with the prospect of contributing to the valorisation of the company.

The dividend approved today will be paid on 14th October (the ex-date is 12th October, record date is 13th October 2020).

******************************************************************************************************************************************************************************

For further information:
Investor Relations	Media relations
Gianluca Beschi	Maria Giardini +39 340 5104775
tel. +39 030 6843236	mgiardini@twistergroup.it
gianluca.beschi@sabaf.it	Arnaldo Ragozzino + 39 335 6978581
www.sabaf.it	aragozzino@twistergroup.it

Founded in the early fifties, SABAF has grown consistently over the years to become one of the world – of components for household appliances.

There are three main lines of production: components for gas cooking (valves and electronic components. Technological expertise, manufacturing flexibility, and the ability to offer a vast range of components – tailor-made to meet the requirements of individual manufacturers of cookers and in line with the specific characteristics of its core markets – are Sabaf's key strengths in a sector featuring major specialisation, constantly evolving demand and an ever-increasing orientation towards products assuring total reliability and safety.

The Sabaf Group has more than 1,200 employees. It operat company SABAF S.p.A. and the subsidiaries Sabaf do Brasil, Sabaf Turkey and Sabaf China, active in the production of domestic burners for professional cooking, and Faringosi Hinges and C.M., leader in the production of oven hinges and Okida, active in the setor of electronic components for household appliances.