Fila — AGM Information 2016

Apr 29, 2016

Informazione Regolamentata n. 1565-23-2016		Data/Ora Ricezione 29 Aprile 2016 15:34:56	MTA - Star
Societa'	:	FILA
Identificativo Informazione Regolamentata	:	73410
Nome utilizzatore	:	FILASPANSS01 - De Rosa
Tipologia	:	IRED 01
Data/Ora Ricezione	:	29 Aprile 2016 15:34:56
Data/Ora Inizio Diffusione presunta	:	29 Aprile 2016 15:49:57
Oggetto	:	FILA S.p.A. Ordinary Shareholder's Meeting April 2016
Testo del comunicato

Vedi allegato.

PRESS RELEASE

FILA: SHAREHOLDERS' MEETING APPROVES 2015 ANNUAL ACCOUNTS

• 2015 Separate Financial Statements approved
• Dividend of Euro 0.09 approved for each of the 41,232,296 ordinary shares currently in circulation, through utilisation of the available reserves
• Dividend to be paid on May 25, 2016, with coupon date and record date respectively of May 23 and 24, 2016
• First Section of Remuneration Report approved

Milan, April 29, 2016 - The Shareholders' Meeting of F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A. ("F.I.L.A." or the "Company") - ISIN IT0004967292 - listed on the STAR segment of the Italian Stock Exchange - met today in single call under the chairmanship of Mr. Gianni Mion.

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2015 Annual Accounts

The Shareholders' Meeting reviewed and approved the 2015 Annual Accounts of F.I.L.A., which report a net loss of Euro 41.1 million, exclusively due to non-monetary and non-recurring charges from the fair value measurement of Space S.p.A. equity at May 31, 2015 (Euro 45.8 million) and market warrants at December 31, 2015 (Euro 16 million), offset by the fair value revaluation of the investment in the Indian subsidiary WFPL (Euro 15 million).

The Meeting also reviewed the 2015 Consolidated Financial Statements, which report Core Business Revenue of Euro 275.3 million, an Adjusted EBITDA of Euro 47.6 million, an Adjusted Net Profit of Euro 24.8 million and a Net Debt of Euro 38.7 million.

Dividend

The Shareholders' Meeting also approved:

• the utilisation of part of the share premium reserve for Euro 41.6 million (i) to cover the losses for the year of Euro 41.1 million and (ii) to cover the residual losses relating to the years prior to 2015 of Euro 0.5 million;

• to fully constitute the legal reserve for Euro 7.4 million through the partial utilisation of the remaining part of the share premium reserve;

• to release a further residual part of this share premium reserve for Euro 15,1 million, pursuant to Article 6, paragraph 1, letter a) of Legislative Decree No. 38 of February 28, 2005;
• to distribute part of the other reserves of the Company, other than those in suspension of taxes, totaling Euro 3.7 million, as dividend, and therefore to distribute a dividend of Euro 0.09 for each of the 41,232,296 ordinary shares in circulation through utilisation of the available reserves.

The dividend will be paid on May 25, 2016, with coupon date and record date respectively of May 23 and 24, 2016

Remuneration Report pursuant to Article 123 ter of Legs. Decree No. 58/1998

The Shareholders' Meeting also approved the First Section of the Remuneration Report in accordance with Article 123-ter of the Consolidated Finance Act and Article 84-quater of the Consob Issuers' Regulation. The report is also available on the company's website www.fila.it.

Filing of documentation

The minutes of the Shareholders' Meeting and a summary of the voting will be made available in accordance with the provisions required by law at the company's registered office, Borsa Italiana and on the company's website www.fila.it.

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The Executive Officer for Financial Reporting Stefano De Rosa declares in accordance with Article 154-bis, paragraph 2, of Leg. Decree No. 58 of February 24, 1998, that the accounting information contained in the present press release corresponds to the underlying accounting documents, records and accounting entries.

The present press release is also available on the company's website at www.fila.it.

* * *

F.I.L.A. (Fabbrica Italiana Lapis ed Affini), founded in Florence in 1920 and managed since 1956 by the Candela family, is a highly consolidated, dynamic and innovative Italian industrial enterprise and continues to grow market share. In November 2015, F.I.L.A. listed on the STAR segment of the Milan Stock Exchange. The company, with revenue of over Euro 275 million in 2015, has grown significantly over the last twenty years and has achieved a series of strategic acquisitions, including the Italian Adica Pongo, the US Dixon Ticonderoga, the German LYRA, the Mexican Lapiceria Mexicana, the Brazilian Lycin and the English Daler-Rowney Lukas.

F.I.L.A. is an icon of Italian creativity globally through its colouring, drawing, modelling, writing and painting tools, thanks to brands such as Giotto, Tratto, Das, Didò, Pongo, Lyra, Dooms, Maimeri and Daler. Since its foundation, F.I.L.A. has chosen to focus on growth through continuous innovation, both in technological and product terms, in order to enable individuals to express their ideas and talent through tools of exceptional quality. In addition, F.I.L.A. and the Group companies work together with the Institutions to support educational and cultural projects which promote creativity and expression among individuals and make culture accessible to all.

F.I.L.A. operates through 14 production facilities (of which 2 in Italy) and 22 subsidiaries across the globe and employs approx. 5,000.

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For further information

F.I.L.A. Investor Relations

Stefano De Rosa Investor Relations Officer Francesca Cocco Investor Relations ir@fila.it (+39) 02 38105206

For financial communication:

Community – Strategic Communication Advisers Tel. +39 02 89404231 fila@communitygroup.it

F.I.L.A Press Office

Cantiere di Comunicazione Eleonora Galli: (+39) 02 87383180 -186 – mob: (+39) 331 9511099 e.galli@cantieredicomunicazione.com Antonella Laudadio: (+39) 02 87383180 -189 a.laudadio@cantieredicomunicazione.com