AI assistant
Equita Group — AGM Information 2019
Apr 30, 2019
4479_egm_2019-04-30_80bd5cb6-a016-4d43-b506-d99e13737ada.pdf
AGM Information
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 20115-8-2019 |
Data/Ora Ricezione 30 Aprile 2019 12:12:36 |
MTA - Star | |
|---|---|---|---|
| Societa' | : | Equita Group S.p.A. | |
| Identificativo Informazione Regolamentata |
: | 117641 | |
| Nome utilizzatore | : | EQUITAGROUPN04 - Graziotto | |
| Tipologia | : | REGEM; 3.1; 1.1 | |
| Data/Ora Ricezione | : | 30 Aprile 2019 12:12:36 | |
| Data/Ora Inizio Diffusione presunta |
: | 30 Aprile 2019 12:15:23 | |
| Oggetto | : | Group S.p.A. - 30 April 2019 | Ordinary Shareholders' Meeting of Equita |
| Testo del comunicato |
Vedi allegato.
THE ORDINARY SHAREHOLDERS' MEETING OF EQUITA GROUP S.P.A. MET TODAY AND APPROVED:
- THE DRAFT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 AND THE DISTRIBUTION OF A DIVIDEND OF EURO 0.22 PER SHARE
- THE REMUNERATION POLICY APPLICABLE AS OF 2019, THE CAP ON THE RATIO BETWEEN VARIABLE AND FIXED REMUNERATION FOR THE MORE RELEVANT PERSONNEL OF A MAXIMUM 2:1, AND THE FIRST SECTION OF THE REMUNERATION REPORT
- THE 2019-2021 EQUITA GROUP COMPENSATION PLAN BASED ON FINANCIAL INSTRUMENTS
Milan, 30 April 2019
The Ordinary Shareholders' Meeting (the'"Meeting") of Equita Group S.p.A. (the "Company" and, together with its subsidiaries, the "Equita Group"), chaired by Francesco Perilli, met today. The 68.01% of the share capital participated to the Meeting.
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 AND DIVIDEND DISTRIBUTION
The Meeting approved the draft financial statements of the Company for the year ended 31 December 2018, accompanied by the Management Report of the Board of Directors, the Report of the Board of Statutory Auditors and the Report of the Auditing Firm.
The Meeting also approved the proposal of the Board of Directors of the Company to distribute a dividend of Euro 0.22 per share in total, gross of taxes1 . The dividend will be paid out on 8 May 2019, with coupon2 tender date on 6 May 2019 and record date on 7 May 2019.
REMUNERATION POLICIES
The Meeting approved the remuneration and incentive policies of the Equita Group applicable as of 2019.
The Meeting also approved the proposal of the Board of Directors to define a cap on the ratio between variable and fixed remuneration for the more relevant personnel of a maximum of 2:1, applicable to the More Relevant Employees as defined in the illustrative report made available to the public before the Meeting.
Then, the Meeting approved the first section of the Remuneration Report, pursuant to Article 123-ter, paragraph 6, of the Legislative Decree No 58/98 ("TUF") as subsequently amended.
2019-2021 EQUITA GROUP COMPENSATION PLAN BASED ON FINANCIAL INSTRUMENTS
On the basis of the information published by the Company, including the information document prepared to explain the plan in detail, the Meeting approved the incentive and loyalty plan named "2019-2021 Equita Group Compensation Plan based on financial instruments".
The plan is dedicated to all employees of the Equita Group and will be implemented – under the normal incentive cycle of the Company and upon achievement of certain performance objectives – by assigning free of charge the right to receive ordinary shares of the Company ("Performance Shares") and/orstock options each one entitling to purchase one ordinary share of the Company.
1 The dividend will be paid by distributing the residual net profit of Euro 3,332,959.46 and available reserves for Euro 6,666,475.04. 2 Coupon no. 2.
OTHER INFORMATION
The minutes of the Meeting will be made available to the public, within the terms set forth by applicable law, at the Company's registered office, on the Company's website www.equita.eu (Corporate Governance section, Shareholders' Meetings area) and on the authorized storage mechanism eMarket Storage . The summary of votings will be published on the Company's website www.equita.eu (Corporate Governance section, Shareholders' Meetings area) within the terms set forth by applicable law, pursuant to Article 125-quater of the TUF.
Equita Group
Investor Relations – Andrea Graziotto
Close to Media Press Agency – Adriana Liguori [email protected]
Equita is the leading independent investment bank in Italy, reference partner for Italian companies and institutional investors, with 45 years of experience. The business model is clear and focused: Sales & Trading on equities, bonds and derivatives for domestic and international institutional customers is combined with a high profile Investment Banking platform dedicated to advisory to companies and financial institutions. Proprietary Trading, with market making activities and advice on valuation of financial instruments, and Alternative Asset Management, providing traditional portfolio management on concentrated positions along with innovative private debt and private equity portfolio management, such as the special acquisition vehicle (SPAC), complete the range of specialized and synergic services offered. Moreover, all business lines are continuously supported by a Research team recognized for its excellence. Independent advice and deep knowledge of capital markets grant Equita credibility among domestic and international institutional investors, ensuring a unique positioning in the Italian market, with a focus on mid & small caps.