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SBE-Varvit AGM Information 2024
6537_rns_2024-04-22_1a229090-0664-4869-955b-b49c8e4ee1c7.pdf
AGM Information
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PRESS RELEASE
GENERAL SHAREHOLDERS' MEETING
Financial Statements at 31 December 2023 and distribution of a dividend of €0.18 per share, with payment date as of 22 May 2024, ex-dividend date on 20 May 2024 and record date on 21 May 2024, approved.
Reggio Emilia, 22 April 2024 – The Shareholders' Meeting of SBE-Varvit S.p.A. (the "Issuer"), held on 19 April 2024 in single call, resolved upon the following items on the agenda:
- − Financial Statements at 31 December 2023, as presented by the Board of Directors, showing net profit for the year of €46,889,462, approved;
- − distribution of a dividend of €0.18 per outstanding share approved (for a total amount of €21,060,000), with allocation of the remaining net profit for the year to the extraordinary reserve. Dividend will be paid as of 22 May 2024, with ex-dividend date on 20 May 2024 and record date on 21 May 2024.
The Minutes of the Shareholders' Meeting and the voting summary will be made available to the public within the terms and in the manner set forth by the applicable legislation, as well as on the Issuer's website www.sbe.it, section Investor Relations/Shareholders' Meeting.
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SBE-Varvit is active in the production, distribution and commercialization of a wide and diversified range of fastening components including screws, bolts, nuts, cold and hot formed products, fasteners and highly engineered mechanical components. The Company is characterised by its integrated and vertical offer, through which it can constantly monitor each stage of the production process and disintermediate the market. The Issuer's business model is indeed centred on the disintermediation of every stage of the production and distribution process, with the main objective of shortening the distance between producer and end customer as much as possible, reducing the distributors' role to a minimum. The Issuer's products are intended to be marketed in various markets including agricultural machinery, construction machinery, industrial machinery, commercial vehicles, personal mobility, wind power and infrastructure, totalling more than 5,000 customers. SBE-Varvit operates through seven production units located in Italy (in Monfalcone, Grugliasco, Tolmezzo, San Giuliano Milanese, Montirone and Acerra) and one located in Serbia (in Sabac) and through five highly automated warehouses in Italy, Serbia and the United States. For more information: www.sbe.it
CONTACTS
Investor Relator Alessandro Caronti – [email protected] +39 0522 5088
Euronext Growth Advisor Equita SIM S.p.A. [email protected]
IR & Media Barabino&Partners Office: +39 02/72.02.35.35 Ferdinando De Bellis – [email protected] +39 339 18 72 266 Agota Dozsa – [email protected] +39 338 74 24 061 Virginia Bertè – [email protected] +39 342 97 87 585