AGM Information • Jun 29, 2018
AGM Information
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| Informazione Regolamentata n. 20071-6-2018 |
Data/Ora Ricezione 29 Giugno 2018 13:21:08 |
AIM -Italia/Mercato Alternativo del Capitale |
|
|---|---|---|---|
| Societa' | : | Masi Agricola S.p.A. | |
| Identificativo Informazione Regolamentata |
: | 105734 | |
| Nome utilizzatore | : | MASIN01 - Girotto | |
| Tipologia | : | 1.1 | |
| Data/Ora Ricezione | : | 29 Giugno 2018 13:21:08 | |
| Data/Ora Inizio Diffusione presunta |
: | 29 Giugno 2018 13:21:09 | |
| Oggetto | : | ASSEMBLEA ORDINARIA DEGLI AZIONISTI MASI AGRICOLA |
|
| Testo del comunicato |
Vedi allegato.
Sant'Ambrogio di Valpolicella, 29 June 2018 - The ordinary Shareholders' Meeting of Masi Agricola S.p.A. (also referred to as "Masi" or "the Company") was held today and approved the Company's financial statements for the year ended 31 December 2017, as resolved by the Board of Directors on 13 June 2018 and already announced to the market in a press release on the same date. Key figuresin the consolidated financial statements for the year ended 31 December 2017 were shown during the Shareholders' Meeting.
The Shareholders' Meeting also resolved the distribution of a single ordinary dividend – gross of withholding taxes – of 0.10 Euro per share (against 0.09 Euro per share last year), for a total of 3,215,115.60 Euro, accounting for around 51% of net profit recognised in the Company's separate financial statements for the year ended 31 December 2017 (2.2% yield based on the share price as at 28 June 2018). The ex-dividend date will be 24 September 2018 (record date 25 September 2018) and payment will be made as from 26 September 2018. The proposal to allocate the remaining profit for the year was also approved: a) 316,523 Euro to the legal reserve; b) 2,798,811 Euro to retained earnings.
The Company presented its annual 2018 calendar for the "Masi Investor Club" initiatives. These initiatives are dedicated to Masi investors who not only believe in a company with precious, tangible assets and a worldrenowned brand, but who want to deeply understand it and enjoy the experience of a "club of friends", sharing cultural, economic and social interests, alongside a passion for the fascinating world of wine. Masi Investor Club will give buyers of least 1,000 shares special access to offers relating to the Masi Wine Experience, the strategic corporate project aimed at increasing direct contact with the end consumer.
The Company's separate and consolidated financial statements for the year ended 31 December 2017, together with the Independent Auditors' and Board of Statutory Auditors' Reports are available to the public at the registered office and on the website www.masi.it, in the section Investors/Bilanci. The minutes of the Shareholders' Meeting will be available to the public as required by law.
The Masi Shareholders' Meeting has appointed the Board of Directors that will remain in office for three years until approval of the financial statements for the year ending 31 December 2020, with the following members: Sandro Boscaini (Chairman), Bruno Boscaini, Mario Boscaini, Federico Girotto, Enrico Maria Bignami, Alessandra Boscaini, Giacomo Boscaini, Cristina Rebonato, Stefano Saccardi. The curricula vitae of
the Board members are available on the Company's website: www.masi.it – Section "investors/Assemblee/Assemblea ordinaria degli azionisti convocata per il 29 giugno 2018".
The Masi Shareholders' Meeting has also appointed the Board of Statutory Auditors that will remain in office for three years until approval of the financial statements for the year ending 31 December 2020, with the following members: Alessandro Lai (Chairman), Umberto Bagnara and Francesco Benedetti (Standing Statutory Auditors), Alberto Castagnetti and Claudio Ubini (Substitute Statutory Auditors). The curricula vitae of members are available on the Company's website: www.masi.it – Section "investors/Assemblee/Assemblea ordinaria degli azionisti convocata per il 29 giugno 2018.
A Board of Directors' Meeting was also held today to grant delegated management powers to the Chairman Sandro Boscaini and the Chief Executive Officer Federico Girotto and to directors Bruno Boscaini (nonwinemaking industrial activities and logistics) and Mario Boscaini (insurance management).
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Masi Agricola is a winery based in Valpolicella Classica, producing and distributing fine wines firmly rooted in the values of the Triveneto region. By using indigenous grape varieties and methods, as well as constantly conducting experiments and research, today Masi is one of the best-known Italian producers of fine wines in the world. Its products, and especially its Amarone wines, have won several international awards. The Group's business model combines high quality and efficiency with the modernization of local values and traditions. All this forms part of a vision that allows Masi to stand out not only for its core business, but also for how it carries out research and experimentation in agriculture and winemaking, seeking to promote the territory and the cultural heritage of the Triveneto region. The Group boasts an increasingly strong international outlook: it operates in almost 120 countries, with exports representing over 80% of overall sales. In 2017, the Masi Group generated approximately 64.4 million euros in sales, with an EBITDA margin of around 20.2%. Masi has a detailed growth strategy based on three pillars: organic growth though the strengthening in the numerous markets where it is already operating; expansion of the offer of wines linked to the local territory and to the techniques of the Venezie, also by aggregating other winemakers; achievement of more direct contact with the end user, thus giving more relevance to the brand, which is internationally recognised.
Masi is listed on AIM Italia since 30th June 2015. Masi shares trade under the ticker symbol "MASI" and the ISIN code IT0004125677. The minimum trading lot is 250 shares. The company's Nomad and Specialist is Equita Sim S.p.A.
Masi Agricola S.p.A. Investor Relations Federico Girotto Phone: +39 045 6832511 Fax: +39 045 6832535 Email: [email protected]
Finance Press Office Close to Media Luca Manzato, Adriana Liguori, Sofia Crosta Phone: +39 02 70006237 Fax: +39 02 89694809 Email: [email protected] [email protected] [email protected]
Nomad and Specialist EQUITA SIM S.p.A. Roberto Borsato Phone: +39 02 6204 1 Fax: +39 02 2900 5805 Email: [email protected]
Masi Agricola S.p.A. Press Office Elisa Venturini Phone: +39 045 6832511 Mobile: +39 335 7590837 Email: [email protected] www.masi.it
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