Basic Net SpA

AGM Information • Apr 27, 2015

Informazione Regolamentata n. 0322-39-2015		Data/Ora Ricezione 27 Aprile 2015 12:44:38	MTA
Societa'	:	BASIC NET
Identificativo Informazione Regolamentata	:	57047
Nome utilizzatore	:	BASICNETN01 - MEZZALIRA
Tipologia	:	IRAG 01; IROS 11
Data/Ora Ricezione	:	27 Aprile 2015 12:44:38
Data/Ora Inizio Diffusione presunta	:	27 Aprile 2015 12:59:38
Oggetto	:	2014 separate financ.statements. back and utilization plan authorized	BasicNet:: Shareholders' AGM approves Diviedend Euro 0.07 per share. Share buy
Testo del comunicato

Vedi allegato.

PRESS RELEASE

BASICNET: BasicNet S.p.A. Shareholders' AGM:

• 2014 Separate Financial Statements approved.
• Dividend of Euro 0.07 per share. Pay-out ratio 32% (*).
• Group Remuneration Policy Report approved.
• Share buy-back and utilisation plan authorised.

Turin, April 27, 2015 - The Shareholders' AGM of BasicNet S.p.A., chaired today by Marco Boglione, approved the 2014 Separate Financial Statements and the distribution of a dividend of Euro 4 million, corresponding to Euro 0.07 gross for each outstanding share. The dividend, concerning coupon No. 8, will be paid from May 20, 2015, with record date of May 19, 2015 and coupon date of May 18, 2015.

On the occasion of the AGM, Marco Boglione, Chairman and Founder of BasicNet S.p.A., stated:

"We are very satisfied with the progress that the Group continues to make in terms of industrial operating efficiency, speed and reliability. The three main brands in 2014 grew significantly in terms of sales, investment and territorial coverage. The results were achieved due to the strength of the strategies laid out in our business model; their delivery encourages us to continue to work with enthusiasm and passion".

The Shareholders' AGM also approved:

• the remuneration policy pursuant to Article 123-ter of Legislative Decree 58/98, previously noted and communicated to the market; and
• the proposal to purchase and utilise treasury shares. The programme permits the purchase of treasury shares for a maximum Euro 2,500,000 and a maximum number which, considering shares already held by the Company, does not exceed the statutory limits, for a period running from today's Shareholders' AGM until the Shareholders' Meeting for the approval of the 2015 Annual Accounts. The authorisation for the utilisation of treasury shares is without time limit.

Conclusion of the treasury share buy-back plan authorised by the Shareholders' AGM of April 28, 2014

With today's AGM, the treasury share buy-back plan approved by the AGM of April 28, 2014, whose commencement was communicated to the market on April 29, 2014, has concluded. Based on this authorisation, the Company acquired 565,000 treasury shares, equal to 0.9% of the share capital, at an average price of Euro 2.40, for a total payment of Euro 1.4 million. At the current date, the company holds 4,123,000 treasury shares, equal to 6.76% of the share capital.

^(*) measured on the Consolidated Net Profit

Filing of documentation

The 2014 Separate and Consolidated Financial Statements, in addition to the further documentation required by Article 77 of Consob Resolution No. 11971 of May 14, 1999 and the 2015 First Quarter Report, were filed at the registered office in Turin, Largo Maurizio Vitale,1, at Borsa Italiana S.p.A. and made available to the public on the website www.basicnet.com, and on the authorised storage website .

The minutes of the Shareholders' AGM will be made available to the public through the same means and in accordance with law.

Contact:

BasicNet

Paolo Cafasso 0112617787

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