Generalfinance

AGM Information • Apr 5, 2024

Informazione Regolamentata n. 1693-17-2024	Data/Ora Inizio Diffusione 5 Aprile 2024 13:28:38		Euronext Star Milan
Societa'	:	GENERALFINANCE S.p.A.
Identificativo Informazione Regolamentata	:	188606
Utenza - Referente	:	GENERALFINANCEN01 - Saviolo
Tipologia	:	1.1; 3.1
Data/Ora Ricezione	:	5 Aprile 2024 13:28:38
Data/Ora Inizio Diffusione	:	5 Aprile 2024 13:28:38
Oggetto	:	Generalfinance Shareholders' meeting resolutions
Testo del comunicato

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PRESS RELEASE

RESOLUTIONS ADOPTED BY THE SHAREHOLDERS' MEETING

The Ordinary Shareholders' Meeting approved:

• the Financial Statements as at 31 December 2023;
• the distribution of a dividend of Euro 0.59 per share;
• the Annual Report on Remuneration Policies (first and second section);
• the confirmation of Federica Casalvolone and Gabriele Albertini as members of the Board of Directors;
• the appointment of the Independent Auditors for the financial years 2026-2034.

The Shareholders' Meeting also resolved to allocate the residual profit for the year as follows:

• Euro 7,612,704.060 to the Extraordinary Reserve.

Milan, Italy, 5 April 2024. It should be noted that the Ordinary Shareholders' Meeting of Generalfinance S.p.A. (the "Company" or "Generalfinance") met today in single call and was chaired by Mr. Maurizio Dallocchio.

Financial statements as at 31 December 2023

The Shareholders' Meeting examined and approved the financial statements as at 31 December 2023 of Generalfinance, relating to the year ended 31 December 2023, which recorded a profit of Euro 15,067,393.47.

The individual financial statements were audited by Deloitte & Touche S.p.A., which expressed an opinion of compliance by issuing the audit report without findings and without any emphasis of matter disclosure.

Allocation of the profit for the year

The Shareholders' Meeting resolved:

• to allocate Euro 7,612,704.060 to reserves, and specifically to the extraordinary reserve and
• the distribution of a dividend of Euro 0.59 gross of legal withholdings for each of the ordinary shares in circulation. In compliance with the Stock Exchange calendar, the dividend will be paid on 17 April 2024. The "ex- dividend" date and the "record date" (date of entitlement to dividend payment) will be 15 April 2024 and 16 April 2024, respectively.

Report on the remuneration policy and remuneration paid

Pursuant to Article 123-ter of the Consolidated Law on Finance, the Shareholders' Meeting (i) approved by binding vote the first section of the report on the remuneration policy and the remuneration paid, which illustrates the Company's remuneration policy, and (ii) resolved in a favourable sense with an advisory vote on the second section, concerning the remuneration received in 2023 by the members of the management and control bodies and by the executives with strategic responsibilities.

Confirmation of Federica Casalvolone and Gabriele Albertini as members of the Board of Directors

The Ordinary Shareholders' Meeting also resolved to confirm, as members of the Board of Directors, Federica Casalvolone and Gabriele Albertini, already appointed by co-option at the board meeting on 10 November 2023. As a result of the aforementioned appointment, they continue their respective roles as non-executive directors, meeting the independence requirements envisaged by Article 147-ter, paragraph 4, of the Consolidated Law on Finance as well as those envisaged by Article 2 of the Corporate Governance Code, as verified - most recently - by the Board of Directors, at the meeting on 23 February 2024.

The newly appointed directors will remain in office until the expiry of the current Board of Directors (i.e., until the date of the Shareholders' Meeting called to approve the financial statements for the year ending 31 December 2024).

As of today, they (i) are not members of internal committees of the Board of Directors and (ii) on the basis of the communications made to the Company, they do not hold equity investments in Generalfinance.

The Ordinary Shareholders' Meeting also resolved to confirm for each of them the basic gross remuneration of Euro 15,000.00 already determined by the Shareholders' Meeting on 8 March 2022 for each director.

The curricula vitae of Messrs. Casalvolone and Albertini are available on the Company's website www.generalfinance.it, in the "Governance / Corporate offices / Board of Directors" section.

Appointment of the Independent Auditors for the financial years 2026-2034.

The Ordinary Shareholders' Meeting resolved to grant - subject to the justified proposal of the Board of Statutory Auditors (issued pursuant to Article 13.1 of Italian Legislative Decree No. 39/2010) - for nine financial years starting from 2026 and with expiry on the occasion of the Shareholders' Meeting called to approve the financial statements as at 31 December 2034, to the independent auditors EY S.p.a., with registered offices in Via Meravigli 12, Milan ("EY S.p.A.") the appointment for the official audit of the accounts under the conditions, formalities and terms contained in the proposal formulated by the aforementioned auditing firm.

Minutes of the Shareholders' Meeting

It is also disclosed that the minutes of the Ordinary Shareholders' Meeting, held today, will be made available to the general public at the registered offices, on the Company's website www.generalfinance.it (section: "Governance / Shareholders' Meeting / 2024 General Meeting ") and care of the authorised storage mechanism "eMarket STORAGE" at the address within the time-frame envisaged by current legislation.

GENERALFINANCE

Founded in 1982 and in the factoring business for over 30 years, Generalfinance is a supervised financial intermediary specialised in financing the working capital of businesses, able to guarantee rapid and customised interventions according to the different needs of its customers. Operating from its two offices in Milan and Biella with a team of roughly 70 professionals, Generalfinance is a leader in the segment of factoring for distressed companies.

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 Concetti | simone.concetti@cdr-communication.it | +39 3346132553

MEDIA CONTACTS

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

Numero di Pagine: 4