Piquadro

Notice of Dividend Amount • Jul 23, 2015

Informazione Regolamentata n. 0955-19-2015		Data/Ora Ricezione 23 Luglio 2015 13:37:10	MTA
Societa'	:	PIQUADRO
Identificativo Informazione Regolamentata	:	61166
Nome utilizzatore	:	PIQUADRON01 - Trotta
Tipologia	:	IRAG 01; IRED 01
Data/Ora Ricezione	:	23 Luglio 2015 13:37:10
Data/Ora Inizio Diffusione presunta	:	23 Luglio 2015 13:52:11
Oggetto	:	Shareholders' meeting - Approved dividend of 2 million Euro
Testo del comunicato

Vedi allegato.

Press release

Piquadro S.p.A. Shareholders' Meeting. Approved the statutory financial statements as of March 31, 2015 and resolved a dividend of 0.04 euro per share equal to the total amount of 2 million euro.

Silla di Gaggio Montano (BO), 23 July, 2015 – The Shareholders' Meeting of Piquadro S.p.A.,held today in ordinary session, has approved the Company's financial statements as of March 31st, 2015 and has resolved the distribution of a dividend per share of 0.04 euro for a total amount equal to 2 million euro.

The dividend will be payable starting from August 5th, 2015 (record date August 4th, 2015), following ex dividend date no. 8 of August 3rd, 2015.

«The increase in revenues recorded in 2014/15 Financial Year despite the reorganization of the distribution in China and the negative dynamics of the Russian and Ukrainian markets is a positive fact that confirms the effectiveness of the work done on product and marketing in recent years» says Marco Palmieri, President and CEO of Piquadro. «Such a growth comes along with a double-digit increase in earnings and an excellent cash flow which allowed an improvement in the net financial position of over 3 million euro. Positive signs also emerge from the early months of the current financial year with good like-for-like sales in direct retail and a brilliant performance of ecommerce, making us confident for the future. Based on these dynamics - continues Palmieri - we have resolved to pay a dividend of 0.04 Euro for the financial year just ended.

It is to be reported that, as of today and according to the information available to the Company, the board member Marco Palmieri indirectly owns, through Piquadro Holding S.p.A., no.34,186,208 ordinary shares of the Company. Marco Palmieri indirectly owns a shareholding participation in Piquadro Holding S.p.A. equal to 93.34% of its share capital while the remaining 6.66% of the share capital is owned by the board member Pierpaolo Palmieri.

Always as of today, the board member Roberto Trotta owns no. 3,000 ordinary shares of the Company.

All the documentation relating to the Shareholders' Meeting, is made available on the Company's website www.piquadro.com.

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Remuneration Policy

The today's Shareholders' Meeting approved the first Section of the Remuneration Report, illustrating the Company Policy on remuneration for the Directors, the Statutory Auditors and Managers with strategic responsibilities, pursuant to art. 123-ter of the Consolidated Financial Act (TUF).

Purchase Of Owns Shares

The today's Shareholders' Meeting also approved the authorization to the Board of Directors for the purchase and sale of own shares, if so decided by the Board, in compliance with in point 1 and 2 of Consob Resolution 16839/2009, in order to pursue the following main purposes: (i) to stabilize the share price of the Company and supporting liquidity but also (ii) to make it possible to create a 'share stock' – to be used as consideration in case of extraordinary transactions with third parties, even as shares' exchange, in the interest of the Company.

The Shareholders' Meeting authorized the Board of Directors to purchase own shares in the maximum number permitted by the Law, for a period of 12 months from the authorization date that is, until the Shareholders' Meeting which will approve the Financial Statements as of March 31, 2016 - by using the reserves available as specified in the last duly approved Financial Statements. These transactions may be carried out, in one or more installments, by purchasing shares, pursuant to art. 144-bis, paragraph 1, letter b, of the Issuer Regulations, in regulated markets following operating methods provided for in the regulations for the organization and management of the markets, which do not permit the direct combination of the purchase negotiation proposals with predetermined sale negotiation proposals.

The purchases may be made with methods different from those indicated above pursuant to art. 132, paragraph 3, of the TUF or other regulations from time to time applicable at the time of the transaction. The share purchase price will be identified accordingly from time to time, with regard to the method preselected for the execution of the operation and in accordance with the Law provisions, regulations or accepted market practices, within a minimum and a maximum which may be determined using the following criteria: • the minimum purchase consideration must not in any case be 20% lower than the reference price which the share registered during the Stock Exchange session on the day before each transaction; • the maximum purchase consideration must not in any case be 10% higher than the reference price which the share registered during the Stock Exchange session on the day before each transaction If the own share purchase operations are carried out within the accepted practices with reference to the liquidity support activity referred to in point 1 of Consob Resolution 16839/2009, notwithstanding the further limits provided for by that Resolution, the price for the purchase negotiation proposals must not be higher than the higher of the price of the most recent independent transaction or the current price of the highest independent purchase negotiation proposal present in the market in which the purchase proposals are submitted.

The Shareholders' Meeting authorized the Board of Directors to the sale, in one or more installments, of any own shares purchased, at a consideration, which will be set by the Board of Directors, not 20% lower than the reference price which the share registered during the Stock Exchange session on the day before each transaction.

The authorization to sell is also required to the Shareholders' Meeting from the date of the resolution of the July 23, 2015 Shareholders' Meeting and without any time limit.

If the own share sale operations are carried out within the accepted practices in relation to the market liquidity support activity, as referred to in point 1 of Consob Resolution 16839/2009, without prejudice to the further limits provided for by that Resolution, the price for the sale negotiation proposals must not be lower than the lower of the price of the most recent independent transaction and or the current price of the lowest independent sale negotiation proposal present in the market in which the sale proposals are submitted.

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Piquadro S.p.A.

Piquadro is an Italian brand of professional and travel leather goods characterized by innovative design and technological content. The company originated from an idea of Marco Palmieri, the current Chairman and Chief Executive Officer. Piquadro is headquartered in Silla di Gaggio Montano, near Bologna, where it carries out all design, project, planning, acquisition, quality control, logistics, marketing, communications and distribution activities.

In the fiscal year ended March 31, 2015, consolidated revenues amounted to € 67.21 million and consolidated net profit was approximately € 4.08 million.

Piquadro sells its products in over 50 countries worldwide, through a distribution network that includes 103 single-brand boutiques (57 in Italy and 46 abroad; 50 DOS-directly operated stores and 53 franchised).

Piquadro has been listed on the Italian Stock Exchange since October 2007.

Piquadro S.p.A. Piquadro S.p.A. Media relationship Investor relationship Paola Di Giuseppe Roberto Trotta Tel +39 02 37052501 Tel +39 0534 409001 paoladigiuseppe@piquadro.com investor.relator@piquadro.com