Avio

AGM Information • Apr 24, 2018

Informazione Regolamentata n. 1771-16-2018		Data/Ora Ricezione 24 Aprile 2018 14:44:01	MTA - Star
Societa'	:	Avio Spa
Identificativo Informazione Regolamentata	:	102661
Nome utilizzatore	:	AVION01 - Spaziani
Tipologia	:	3.1; 1.1
Data/Ora Ricezione	:	24 Aprile 2018 14:44:01
Data/Ora Inizio Diffusione presunta	:	24 Aprile 2018 14:44:02
Oggetto	:		AVIO 2018 SHAREHOLDERS' MEETING
Testo del comunicato

Vedi allegato.

AVIO S.P.A. SHAREHOLDERS' MEETING APPROVES THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2017

• 31 December 2017 financial statements of Avio S.p.A. and dividend and dividend of Euro 0.38 per share approved
• The Company's Remuneration Policy approved

Milan, 24 April 2018 – The Shareholders' Meeting of Avio S.p.A. (below "Avio" or the "Company"), listed on the MTA/STAR segment of the Italian Stock Exchange, has been held today in a "single call" chaired by Mr. Roberto Italia. The Shareholders' Meeting has:

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• approved the 2017 Financial Statements of Avio S.p.A., which registered a net profit of Euro 12,928 thousand;
• approved to allocate the net profit as follows:
• Euro 10,017 thousand as dividend;
• Euro 2,911 thousand as retained earnings;
• resolved the allocation of part of the Share Premium reserve of Euro 163,897 thousand, for Euro 18,185 thousand for the reconstitution of the Legal Reserve up to one-fifth of the Share Capital and for Euro 1,456 thousand as coverage of the ex-Space 2 S.p.A. 2015 share capital increase reserve;
• acknowledged the 2017 Avio consolidated financial statements;
• acknowledged the Avio consolidated non-financial statement;
• resolved to distribute a cash dividend of Euro 0.38 per each share in circulation. The dividend payment date will be the 16th of May 2018, the ex-coupon date the 14th of May 2018 and the record date the 15th of May 2018;
• has approved the first section of the Remuneration Report, drawn up pursuant art. 123-ter of the Consolidated Law on Finance ("Testo Unico della Finanza") and art. 84-quater of the Issuers Regulation.

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Pursuant to art. 125-quater, 2nd paragraph, of the Consolidated Law on Finance ("Testo Unico della Finanza"), the summary of the voting shall be made available at the Company's registered office and on the company's website (www.avio.com, Section dedicated to the "2018 Shareholders' Meeting"), by no later than five days after the date of the Shareholder's Meeting.

The Executive Officer for Financial Reporting Alessandro Agosti declares, pursuant to Article 154-bis, paragraph 2, of the Consolidated Law on Finance ("Testo Unico della Finanza"), that the accounting information included in this press release corresponds to the accounting documents, records and accounting entries.

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Avio is an international group, leader in the design and production of space launchers and liquid and solid propulsion systems for space transport. The experience and know-how acquired over more than 50 years enable Avio to stand out in the field of space launchers, liquid, solid and cryogenic space propulsion systems and tactical propulsion. It has 5 sites in Italy, France and French Guiana, and employs around 760 highly-qualified people, about 30% of whom work in research and development.

Avio is a prime contractor for the Vega programme and a sub-contractor for the Ariane programme, both financed by the European Space Agency (ESA), making Italy one of the very few countries in the world able to produce a complete space launch vehicle. In particular, the Ariane and Vega programmes are aimed at the development and production of launchers for positioning payloads in geostationary earth orbit (GEO) or low earth orbit (LEO). Avio is already working on the development of the new generation of European launchers: the new Vega C launcher and the new Ariane 6 launcher to which it will contribute by developing the new P120 solid motor and the Vinci and Vulcain liquid oxygen turbopumps.

In addition to space propulsion products, the Company also produces propulsion systems for tactical missiles, mainly by making the first stage of Aster 30 missiles, which are sold to the prime contractor Matra BAE Dynamics Alenia (MBDA).

Avio builds its liquid and solid propulsion systems and complete launchers mainly at its production facilities at Colleferro in Italy and two plants at the European Space Centre in Kourou, French Guiana.

For information Investor Relations Contacts investor.relations@avio.com Media Contacts giuseppe.coccon@service.avio.com