Generalfinance

AGM Information • Mar 20, 2023

Informazione Regolamentata n. 1693-21-2023		Data/Ora Ricezione 20 Marzo 2023 10:27:16	Euronext Star Milan
Societa'	:	GENERALFINANCE S.p.A.
Identificativo Informazione Regolamentata	:	173722
Nome utilizzatore	:	GENERALFINANCEN01 - Saviolo
Tipologia	:	1.1; 3.1
Data/Ora Ricezione	:	20 Marzo 2023 10:27:16
Data/Ora Inizio Diffusione presunta	:	20 Marzo 2023 10:27:18
Oggetto	:	Shareholders' meeting resolutions
Testo del comunicato

Vedi allegato.

PRESS RELEASE

SHAREHOLDERS' MEETING RESOLUTIONS

The Ordinary Assembly has approved:

• • the financial statements as of December 31, 2022
• the distribution of a dividend of €0.43 per share
• the annual report on remuneration policies (first and second sections)
• the confirmation of Marta Bavasso as a member of the board of directors.

The Assembly also decided to allocate the remaining profit of the year as follows:

• € 185,313.80 to increase the legal reserve, up to a maximum of one fifth of the share capital; and
• • € 5,266,995.01 to the Extraordinary Reserve.

Milan, March 20, 2023. It is hereby announced that the Ordinary Assembly of Generalfinance S.p.A. (the "Company" or "Generalfinance") met today in a single call and was chaired by Prof. Maurizio Dallocchio.

Financial Statements as of December 31, 2022

The Assembly examined and approved the financial statements as of December 31, 2022, of Generalfinance, for the fiscal year ended on December 31, 2022, which showed a profit of €10,885,387.19.

The individual financial statements were subjected to a statutory audit by Deloitte & Touche S.p.A. who issued an unqualified opinion and did not raise any issues or provide any qualifications, including a statement of compliance and consistency.

Destination of the net income

The Ordinary Assembly has resolved:

• to set aside €185,313.80 to increase the legal reserve, up to one fifth of the share capital;
• to set aside €5,266,995.01 to reserves, specifically to the extraordinary reserve; and
• to distribute a dividend of €0.43 gross of withholding tax for each outstanding ordinary share. In compliance with the stock exchange calendar, the dividend will be paid on April 5th, 2023, against coupon no. 1 for the ordinary shares; the "ex-dividend" and "record date" (entitlement date for dividend payment) will be April 3rd, 2023 and April 4th, 2023, respectively.

Remuneration policy and compensation report

In accordance with Article 123-ter of the Consolidated Law on Finance, the Assembly has (i) approved with a binding vote the first section of the report on the remuneration policy and compensation paid, which illustrates the Company's policy on remuneration, and (ii) approved with a consultative vote the second section, concerning the compensation received in 2022 by members of the administrative and control bodies and executives with strategic responsibilities.

Confirmation of Marta Bavasso as a member of the Board of Directors

The Ordinary Shareholders' Meeting also resolved to confirm, as a member of the Board of Directors, the lawyer Marta Bavasso, already appointed by co-option during the board meeting held on June 29, 2022. As a result of the aforementioned appointment, lawyer Marta Bavasso continues her role as non-executive director, possessing the independence requirements provided for by article 147-ter, paragraph 4, of the Consolidated Law on Finance (TUF), as well as those provided for by article 2 of the Corporate Governance Code, as verified by the Board of Directors in the meeting held on February 20, 2023.

Lawyer Marta Bavasso will remain in office until the expiry of the current Board of Directors (i.e., until the date of the Shareholders' Meeting called for the approval of the financial statements for the year ending on December 31, 2024).

As of today, lawyer Marta Bavasso (i) is not a member of internal committees of the Board of Directors and (ii) based on the communications made to the Company, does not hold any shares in Generalfinance.

The Ordinary Shareholders' Meeting also resolved to confirm the gross base compensation of Euro 15,000.00 for each director, previously determined by the Shareholders' Meeting on March 8, 2022, for lawyer Marta Bavasso as well. The Curriculum Vitae of lawyer Marta Bavasso is available on the Company's website www.generalfinance.it, in the section "Corporate Governance / Social Positions / Board of Directors".

GENERALFINANCE

Founded in 1982 and led by Massimo Gianolli for over 30 years, Generalfinance is a supervised financial intermediary, specialized in factoring, able to guarantee rapid and personalized interventions according to the different needs of the customers. Operating at the two offices in Milan and Biella with a team of about 60 professionals, Generalfinance is a leader in the factoring segment for distributed enterprises.

Generalfinance S.p.A.

Chief Financial Officer - Investor Relations Ugo Colombo | u.colombo@generalfinance.it |+39 3355761968

CONTACTS EXTERNAL INVESTOR RELATIONS

CDR Communication

Vincenza Colucci | vincenza.colucci@cdr-communication.it |+39 3356909547 Simone Concepts | simone.concetti@cdr-communication.it |+39 3346132553

MEDIA CONTACTS

CDR Communication Angelo Brunello | angelo.brunello@cdr-communication.it |+39 3292117752