Gefran

AGM Information • May 3, 2019

Informazione Regolamentata n. 0136-14-2019		Data/Ora Ricezione 03 Maggio 2019 18:44:27	MTA - Star
Societa'	:	GEFRAN
Identificativo Informazione Regolamentata	:	117900
Nome utilizzatore	:	GEFRANN04 - Coffano
Tipologia	:	REGEM; 1.1
Data/Ora Ricezione	:	03 Maggio 2019 18:44:27
Data/Ora Inizio Diffusione presunta	:	03 Maggio 2019 18:44:28
Oggetto	:	GEFRAN S.P.A SHAREHOLDES' MEETING APPROVES THE 2018 FINANCIAL STATEMENTS
Testo del comunicato

Vedi allegato.

GEFRAN S.P.A.: SHAREHOLDERS' MEETING APPROVES THE 2018 FINANCIAL STATEMENTS

• Gefran S.p.A. 2018 financial statements approved
• Distribution of a dividend of EUR 0.32 per share approved
• Authorization to the purchase of own shares approved

Provaglio d'Iseo (BS), 3 May 2019 – The Shareholders' Meeting of Gefran S.p.A. chaired by Maria Chiara Franceschetti was held today on second call.

Approval of financial statements and dividend

The shareholders approved Gefran S.p.A.'s 2018 financial statements: the revenues of the parent company Gefran S.p.A. amounted to EUR 85 million, with an EBITDA of EUR 13.8 million and a net profit of EUR 7.6 million.

Regarding the consolidated results, the revenues of Gefran Group amounted to EUR 135.6 million, with an EBITDA of EUR 20.1 million and a net profit of EUR 8.2 million.

The shareholders approved the Board's proposal to distribute an ordinary dividend of EUR 0.32 per entitled share before taxes.

The ex-dividend date will be 13 May 2019, with payment on 15 May 2019. The coupon number representing the dividend is 14.

Own shares

The shareholders authorised the purchase of up to 1,440,000 Gefran S.p.A. ordinary shares of a nominal value of 1 euro each. Transactions in accordance with the legislation in force shall be made within 18 months of the resolution.

The mandate aims to intervene, either directly or one through authorised intermediaries, to limit abnormal movements of the share price, and to regulate the performance of trading and prices associated with excessive volatility or low trading liquidity.

The purchase price shall not be lower than the nominal value or higher than the average reference price over the last 3 trading days prior to the date of purchase, plus 15%; the selling price shall not be lower than the reference price recorded by the shares at the trading session preceding each disposal transaction, less 10%.

Gefran shall inform the market weekly, in compliance with the procedures established by the competent authorities, about the number and average price of the shares purchased, the cumulative number of shares and the total value of the investment on that date.

General Remuneration Policy

Pursuant to art. 123-ter of the Italian Consolidated Finance Act, the shareholders expressed a favourable opinion on the General Remuneration Policy adopted by the Gefran Group.

Maria Chiara Franceschetti, Chairman of Gefran, commented: "We are delighted to say that 2018 was a very good year for our Group. Gefran has grown, and our investments have generated employment and positive economic results. Despite the evident slowdown in global economic growth, we can look to 2019 with cautious optimism and confidence in our abilities".

After the meeting, Alberto Bartoli commented briefly on the results at 31 March 2019, which will be approved by the Board of Directors on 13 May: "The initial results show that revenues are substantially in line with the first quarter of 2018 and that investments, both in capital goods and in people, have been pursued in accordance with the new plan approved by the Board of Directors in December 2018."

A board meeting is scheduled for 13 May 2019 to approve the interim financial results as at 31 March 2019.

The executive in charge of financial reporting, Fausta Coffano, has declared, pursuant to article 154-bis (2) of the Consolidated Finance Act, that the information contained in this press release corresponds to the documentary evidence and the company's books and accounting records.

Contacts:

Fausta Coffano Investor Relations Gefran SpA, Via Sebina 74 25050 Provaglio d'Iseo (BS) Tel +39 030 98881 Fax + 39 030 9839063 fausta.coffano@gefran.com www.gefran.com

Twister communications group SpA Via Valparaiso,3 – 20144 Milan Tel +39 02 438114200 Maria Giardini mgiardini@twistergroup.it www.twistergroup.it

The Gefran Group operates directly in the main international markets, through sales branches in Italy, France, Germany, Switzerland, the UK, Belgium, Spain, Turkey, the US, Brazil, China, Singapore and India, and through manufacturing branches also in Germany, Switzerland, Brazil, the US and China.

The Gefran Group currently has more than 800 employees.

The key factors behind Gefran's success are specialist know-how, design and production flexibility, capacity for innovation and the quality of its processes and products. With total control of process technology and application know-how, Gefran creates instruments and integrated systems for specific applications in various industrial sectors, including plastics processing, food, pharmaceuticals, and packaging and die-casting machines. Gefran is listed in the STAR (high performance stock) segment of the Italian Stock Exchange, and joined the ALL STAR segment on 31 January 2005, which became FTSE Italia STAR on 1 June 2009.