B&C Speakers

Earnings Release • Apr 26, 2016

Informazione Regolamentata n. 0931-14-2016		Data/Ora Ricezione 26 Aprile 2016 13:39:10	MTA - Star
Societa'	:	B&C SPEAKERS
Identificativo Informazione Regolamentata	:	73065
Nome utilizzatore	:	BCSPEAKERSN01 - Pratesi
Tipologia	:	IRAG 01
Data/Ora Ricezione	:	26 Aprile 2016 13:39:10
Data/Ora Inizio Diffusione presunta	:	26 Aprile 2016 13:54:11
Oggetto	:		B&C Speakers 2015 financials approval
Testo del comunicato

Vedi allegato.

PRESS RELEASE B&C Speakers S.p.A. Annual general meeting

• Financial statements at and for the year ended 31 December 201 with a profit of 5,184 thousand euro, approved; 2015, which closed
• Compensation Report approved;
• New authorization for the purchase and disposal of treasury shares.

Bagno a Ripoli (Florence, Italy), 26 Speakers S.p.A, one of the foremost international players in the design, manufacture, distribution and marketing of professional electro first call, chaired by Gianni Luzi agenda: o 26 April 2016 – The annual general meeting electro-acoustic transducers, met today, on Luzi, and approved the following orders of business on the of B&C acoustic for the year

- Financial statements at and for for the year ended 31 December 2015

The annual general meeting approved the financial statements at and for ended 31 December 2015, as drawn up by the Board of Directors on 1 the main financial performan disclosed to the market on the same d statements closed with revenue the previous year, and a net , performance and position figures from which had already been date. In further detail, the 2015 of 35,426 thousand euro, significantly up profit of 5,184,189 euro. 14 March 2016, ce ate. 2015 financial up compared to

As proposed by the Board, the general meeting resolved to 0.35 euro per ordinary share in issue, and thus excluding treasury shares held at the ex-dividend date; the ex-dividend date will b 2016, and the subsequent payment will be made on 6 May 201 distribute dividend be 4 May 2016, the record , 2016. a dividend of e date 5 May

The general meeting also reviewed the and for the year ended 31 December 201 5,0 million euro. Group's consolidated financial statements at 2015, which closed with a profit for the year of

- Compensation Report approved

The annual general meeting also voted in favour of section 1 of the Compensation Report prepared by the Board of Directors pursuant to Art. 123 Decree No. 58/1998 and the associated implementing provision 123-ter provisions issued by Consob. of Legislative

- New authorization for the purchase and disposal of treasury shares s back

The general meeting also approved a new buy Directors to undertake purchases and disposals, on one or more occasions, of a maximum number of ordinary shares representing no more than 10% of the Company's share capital (there are date) in accordance with the law. buy-back plan that authorizes the Board of 267,820 ordinary shares in portfolio as at today's

The plan allows purchases to be made on regulated markets, according to the operating conditions established in the regulations governing the organization and management of the markets concerned, for prices of no less than 20% below and no more than 20% above the quoted price of the shares during the exchange session on the day prior to each individual transaction.

The request for authorization of the purchase and disposal of treasury shares is justified by business-related reasons and the imminent expiration of the previous authorization. In further detail, the buy-back plan is aimed at allowing the Company to purchase treasury shares to be used for the purposes of investment and stabilization of the stock's performance and liquidity on the equity market, as well as within the framework of transactions undertaken in the normal course of business or projects consistent with the strategic guidelines that the Company intends to pursue.

Following the new mandate conferred on the Board of Directors, the previous mandate granted by the annual general meeting on 24 April 2015 is to be considered voided for the part not yet used, effective from the date of the new authorising general-meeting mandate.

The authorization to purchase treasury shares is valid from the date of issuance of authorization by the general meeting until the date of approval of the financial statements at and for the year ended 31 December 2015.

The Board of Directors is also authorized to make disposition of the treasury shares purchased, without any time limits, as it sees fit, provided that (i) consideration for transfer of the right of ownership and all other real and/or personal rights is not 5% less than the market value of the right transferred on the day prior to each individual transfer and (ii) the acts of disposition undertaken, in the context of industrial projects or extraordinary finance transactions, in the form of exchanges, swaps, contributions or other arrangements that imply the transfer of the treasury shares, take place at the price or value deemed fair and consistent with the transaction, while also considering market performance.

The Financial Reporting Manager of B&C Speakers S.p.A., Francesco Spapperi, hereby certifies, pursuant to Art. 154-bis, paragraph 2 of Legislative Decree No. 58/1998, that the accounting disclosures relating to the figures at and for the year ended 31 December 2015, as presented in this press release, are consistent with company's accounting documents, books and records.

B&C Speakers S.p.A.

Simone Pratesi (Investor Relator),

Tel: +39 055/6572 303

E-mail: spratesi@bcspeakers.co&C Speakers S.p.A.

B&C Speakers S.p.A. is an international leader in the design, production, distribution and commercialization of professional electro-acoustic transducers (the main components in acoustic speakers for music, commonly referred to as loudspeakers), supplied mainly to professional audio system manufacturers (OEM). Counting roughly 120 employees, with approximately 10% of staff assigned to its Research and Development Department, B&C Speakers carries out all design, production, commercialization and control activities

at its facility in Florence, Italy. Most of its products are developed according to its key customers' specifications. B&C Speakers also operates in the US and Brazil through two subsidiaries carrying out commercial activities.

B&C Speakers S.p.A.

Simone Pratesi (Investor Relator), Tel: +39 055/6572 303 Email: spratesi@bcspeakers.com m