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d'Amico International Shipping S.A.
AGM Information • Apr 29, 2025
9964_rns_2025-04-29_9c871b44-7c84-4681-8a02-16c28a16198b.pdf
AGM Information
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PRESS RELEASE
THE ANNUAL GENERAL SHAREHOLDERS' MEETING APPROVES THE 2024 STATUTORY AND CONSOLIDATED FINANCIAL STATEMENTS AND THE DIVIDEND DISTRIBUTION
Luxembourg - April 29 th , 2025 – The Annual General Shareholders' meeting of d'Amico International Shipping S.A. (Borsa Italiana, ticker symbol: DIS.MI and hereinafter "DIS" or "the Company"), an international marine transportation company operating in the product tankers market, today approved the 2024 statutory and consolidated financial statements of the Company, with a consolidated net profit of US\$ 188,478,085. In addition, the Annual General Shareholders' meeting resolved to carry forward the Company's statutory 2024 net profit of US\$ 66,972,075 as follows: US\$ 302,451 to Legal Reserve and US\$ 66,669,624 to Retained Earnings.
The 2024 consolidated key-figures are shown in the table below:
| 2024 | 2023 |
|---|---|
| 366 966 | 396 970 |
| 371 852 | 401 839 |
| 260 936 | 277 618 |
| 202 538 | 215 164 |
| 188 478 | 192 225 |
Dividends
The Annual General Shareholders' meeting resolved the payment out of retained earnings of an annual gross dividend of US\$ 0.2940 (US\$ 0.2499 net, after deducting the maximum applicable withholding tax of 15%) per issued and outstanding share. This corresponds to a total distribution of approximately US\$ 35.0 million that will be made on 7 May 2025, with related coupon n. 9 detachment date (ex-date) on 5 May 2025 and record date on 6 May 2025. No dividend shall be paid on the own shares repurchased by the Company, as treasury shares do not carry dividend rights. As of today, the repurchased own shares amount to 5,231,064, representing 4.21% of the share capital of the Company.
Other resolutions
The Annual General Shareholders' meeting of DIS further resolved the following:
- to grant discharge to the members of the Board of Directors in respect of the performance of their duties during the financial year ended on 31 December 2024, in accordance with applicable Luxembourg laws and regulations.
- to set the Directors' fees payable to the members of the Board of Directors for the financial year 2025 at the aggregate fixed gross amount of € 560,000.00 to be further allotted by the Board of Directors amongst the Directors including those vested with particular offices.
- to acknowledge and approve in an advisory capacity, the Company's 2025 General Remuneration Policy and the Company's 2024 Report on Remunerations being respectively section I and II of the 2025 Board of Directors' Report on Remuneration
drafted in compliance with articles 7bis and 7ter of the Luxembourg Law of 24 May 2011 on the exercise of certain rights of shareholders in general meetings of listed companies, as amended.
- To approve the DIS 2025-2027 Medium-Long Term Variable Incentive Plan as illustrated in the Information Document, - drafted in accordance with art. Art. 84-bis of the Regulation adopted by CONSOB with resolution no. 11971 dated 14 May 1999 as amended and supplemented from time to time.
****** The manager responsible for preparing the Company's financial reports, Mr. Federico Rosen, in his capacity as Chief Financial Officer of d'Amico International Shipping S.A., declares to the best of his knowledge that:
The statutory financial statements and the consolidated financial statements, prepared in accordance with the International Financial Reporting Standards as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position, and profit or loss of d'Amico International Shipping S.A., taken individually, and of d'Amico International Shipping S.A. and its subsidiaries, taken as a whole, respectively.
The management report includes a fair review of the development and performance of the business and the position of d'Amico International Shipping S.A., taken individually, and of d'Amico International Shipping S.A. and its subsidiaries, taken as a whole. It also includes a description of the principal risks and uncertainties that they face.
d'Amico International Shipping S.A. is a subsidiary of d'Amico Società di Navigazione S.p.A., one of the world's leading privately owned marine transportation companies, and operates in the product tankers sector, comprising vessels that typically carry refined petroleum products, chemical and vegetable oils. d'Amico International Shipping S.A. controls, either through ownership or charter arrangements, a modern, high-tech and double-hulled fleet, ranging from 39,000 and 75,000 deadweight tons. The Company has a history and a long tradition of family enterprise and a worldwide presence with offices in key market maritime centres (London, Dublin, Monaco, Singapore and New York). The company's shares are listed on the Milan Stock Exchange under the ticker symbol 'DIS'.
d'Amico International Shipping S.A.
Anna Franchin - Investor Relations Manager
Tel: +35 2 2626292901 Tel: +37 7 93105472 E-mail: [email protected]
Capital Link
New York - Tel. +1 (212) 661‐7566 London - Tel. +44 (0) 20 7614‐2950 E-Mail: [email protected]
Media Relations
Havas PR Milan Marco Fusco Tel.: +39 02 85457029 – Mob.: +39 345.6538145 E-Mail: [email protected] Antonio Buozzi Tel.: +39 320.0624418 E-Mail: [email protected]