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TXT E-Solutions — AGM Information 2019
Apr 18, 2019
4061_10-k_2019-04-18_ba755065-29eb-4a82-9cc1-8cb308b878b5.pdf
AGM Information
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| Informazione Regolamentata n. 0439-43-2019 |
Data/Ora Ricezione 18 Aprile 2019 18:18:28 |
MTA - Star | |
|---|---|---|---|
| Societa' | : | TXT e-SOLUTIONS | |
| Identificativo Informazione Regolamentata |
: | 117246 | |
| Nome utilizzatore | : | TXTN01 - Matarazzo | |
| Tipologia | : | REGEM; 3.1; 1.1 | |
| Data/Ora Ricezione | : | 18 Aprile 2019 18:18:28 | |
| Data/Ora Inizio Diffusione presunta |
: | 18 Aprile 2019 18:18:29 | |
| Oggetto | : | dividend | TXT - Approved financial statement, € 0,50 |
| Testo del comunicato |
Vedi allegato.
TXT e-solutions: Shareholders approved ordinary dividend of € 0.50 per share (extraordinay dividend of € 1.00 in 2018)
Milan – April 18, 2019
The Shareholders' Meeting of TXT e-solutions, held on ordinary session today at the Milan Triennale under the chairmanship of Alvise Braga Illa:
• examined and approved the draft financial statements as of 31 December 2018. The consolidated Revenues 2018 were € 40.0 million, up +11.4% compared to 2017; EBITDA was € 3.8 million (+9.5%) with growing R&D investments (+20.5%); Net Income was € 0,6 million (€ 68.6 million in 2017, inclusive of the profit from sale of Division TXT Retail). Net Financial Position: € 60.4 million positive (€ 87.3 million as of December 31, 2017),
after dividends, purchase of treasury shares and acquisition of Cheleo and TXT Risk Solutions.
- approved the distribution of an ordinary dividend of € 0,50 (€ 1.00 extraordinary dividend in 2018) for each outstanding share, excluding treasury shares, and with payment from 8 May 2019, record date 7 May 2019 and ex-dividend date 6 May 2019. Total dividends will therefore amount to approximately € 5.8 million, paid to 11.6 million shares;
- approved the Directors' Remuneration Report and Directors' 2019 compensation;
- renewed the authorisation to purchase treasury shares for a period of 18 months up to 20% of the share capital. At the current date, the Company has 1,443,017 treasury shares, equal to 11.09% of the shares issued, purchased at an average price of € 3.9 per share;
- approved a new Stock Option Plan 2019-2023 dedicated to Directors and Executives, up to maximum 600,000 shares, contingent upon achievement of revenue and profit targets.
At the end of the meeting, the company presented to investors and financial analysts TXT Plan to grow both organically and by acquisitions.
The Chairman Alvise Braga Illa has commented: "Our search for new acquisitions to leverage on our innovative technologies and specialized expertise of our employees could generate results already in short and mid-term. We are ready to capture also ambitious opportunities leveraging on substantial TXT liquidity and wide availability of treasury"
P R E S S R E L E A S E
Starting from today, this press release is also available on the Company's web site www.txtgroup.com.
TXT e-solutions is an international software products and solutions vendor. Specialized in the most dynamic and agile markets with the highest degree of innovation and renewal that require state-of-the art solutions, TXT is focused on two main business areas: specialized software products and advanced Software-related Engineering Services for companies in the Aerospace, Aviation and Automotive; testing and quality services in Banking. The company has been listed on the Italian Stock Exchange - STAR segment (TXT.MI) - since July 2000. TXT is based in Milan and has subsidiaries in Italy, Germany, United Kingdom, France, Switzerland and USA.
For information: TXT e-solutions SpA Paolo Matarazzo CFO Tel. +39 02 25771.355 [email protected]