El.En.

Notice of Dividend Amount • Apr 24, 2020

Informazione Regolamentata n. 0481-26-2020		Data/Ora Ricezione 24 Aprile 2020 17:03:53	MTA - Star
Societa'	:	El.En.
Identificativo Informazione Regolamentata	:	131273
Nome utilizzatore	:	ELENN01 - Romagnoli
Tipologia	:	REGEM; 3.1; 1.1; 2.2
Data/Ora Ricezione	:	24 Aprile 2020 17:03:53
Data/Ora Inizio Diffusione presunta	:	24 Aprile 2020 17:03:58
Oggetto	:	El.En. : BoD resolves a suspension of the dividend distribution
Testo del comunicato

Vedi allegato.

1.1 2.2 3.1 REGEM

Press release

El.En. : BoD resolves a suspension of the dividend distribution

Florence, April 24th 2020 – El.En. S.p.A., leader on the laser market and listed on the STAR Segment of the Italian Stock exchange managed by Borsa Italiana, following the press releases on March 18th and 24th , hereby gives notice of a Board of Directors' resolution about a suspension of the dividend distribution and an updates on the effects of COVID-19 viral pandemic and on the timeframe of the publication of the 2019 annual financial report.

Suspension of the dividend distribution

Today the Board of Directors of El.En. s.p.a. resolved to amend the proposal of dividend distribution previously communicated to the public.

The Board of Directors taking a prudent approach and despite the appropriated level of capitalization of the Group, resolved to suspend the dividend distribution resolution adopted on March 13th 2020.

The Board of Directors acknowledged the significant change in the global economic scenario since the Board session of March 13th due to the spread of the COVID-19 viral pandemic, the continuing of the difficult to foresee the impacts of the COVID-19, and finally, the provision of art. 1 lett. (i) Law Decree 8 April 2020, No 23 in relation to the possibility for all companies in the Group to access temporary measures to support corporate liquidity only in the absence of dividend distribution by all companies in the Group.

A 2019 profit dividend distribution may be proposed when the impact on the economic outlook of the current situation related to the spread of COVID-19 is more clearly outlined.

Therefore, at the next meeting scheduled for June 4th , 2020 in the first convocation and on June 18th , 2020 in the second convocation will be proposed to allocate in full the net profit to extraordinary reserve.

Filing times of the 2019 Annual Financial Report and the ancillary Documentation

Due to the closure period of the subsidiary chinese company Penta Chutian Wuhan by Chinese government measure related to the health emergency from COVID-19 until the end of March and the gradual resumption of activities in the city of Wuhan, it is scheduled for May 14th 2020 the release by Deloitte & Touche of the opinion on the consolidated financial statements of El.En. as of December 31st , 2019 following the completion of the audit activities with reference to the Chinese companies of the Group.

Therefore, subject to any further measures taken by the authorities and event of force majeure, the 2019 annual financial report together with the other documents referred to art. 154-ter TUF as well as the Consolidated Non-Financial Statement 2019 will be available to the public at the company's premises, on the internet site www.elengroup.com, at Borsa Italiana and on the authorized storage device

by May 14th 2020, twenty-one days before the date foreseen for the first call of the annual shareholders' meeting.

Update about effects of COVID-19

In addition to the information provided on March 24th about the effects of COVID 19 on the Group's activities, we confirm that the factories in China have resumed their operations and are now able to produce normally. On the Chinese market, the demand shortage that occurred during the lockdown period is currently being followed by a promising order booking. On all the other markets, the phase of general alteration of demand persists also due to the worldwide extended lockdowns.

El.En., an Italian company, is the parent of a high-.tech industrial group operating in the optoelectronics sector. Based on proprietary technology and multidisciplinary know-how, the El.En Group manufactures laser sources (gas, semiconductor, solid-state and liquid) and innovative laser systems for medical and industrial applications. The El.En. Group is the laser market leader in Italy and among the top operators in Europe. It designs, manufactures and sells worldwide:

- Medical laser equipment used in dermatology, cosmetics, physiotherapy, dentistry and gynecology;

- Industrial laser systems for applications ranging from cutting, marking and welding metals, wood, plastic and glass to decorating leather and textiles and restoring/conserving artwork;

- Laser systems for scientific research

EL.EN has been listed on the Star (MTA) of Borsa Italian with a market capitalization amounts to Euro 340 million.

Cod. ISIN: IT0005188336 Code: ELN Listed on MTA Mkt cap.: 340 million of euro Cod. Reuters: ELN.MI Cod. Bloomberg: ELN IM

For further information:

El.En S.p.A.

Investor Relator Enrico ROMAGNOLI - finance@elen.it Tel. +39 055 8826807

Polytems HIR

Financial Communication, IR and Press Office Bianca FERSINI MASTELLONI - b.fersini@polytemshir.it Paolo SANTAGOSTINO - p.santagostino@polytemshir.it Silvia MARONGIU - s.marongiu@polytemshir.it Tel. +39 06-69923324 - 06 6797849