Unieuro — AGM Information 2018

Jun 5, 2018

Informazione Regolamentata n. 1944-16-2018		Data/Ora Ricezione 05 Giugno 2018 16:20:48	MTA - Star
Societa'	:	UNIEURO
Identificativo Informazione Regolamentata	:	104837
Nome utilizzatore	:	UNIEURON04 - Moretti
Tipologia	:	1.1
Data/Ora Ricezione	:	05 Giugno 2018 16:20:48
Data/Ora Inizio Diffusione presunta	:	05 Giugno 2018 16:20:49
Oggetto	:	Unieuro S.p.A.: Annual Shareholders' Meeting
Testo del comunicato

Vedi allegato.

PRESS RELEASE UNIEURO S.P.A.: ANNUAL SHAREHOLDERS' MEETING

• Financial Statements as at 28th February 2018 approved
• Net income allocation and dividend distribution of € 1 per share, totalling € 20 million, approved
• Favourable vote on Section I of Remuneration Report

Forlì, 5 June 2018 – The Shareholders' Meeting of Unieuro S.p.A. (MTA: UNIR), the largest omnichannel distributor of consumer electronics and household appliances by number of stores in Italy, was held today, in single ordinary call.

The Shareholders' Meeting – which was attended by over 55% of the corporate capital approved the three items on the agenda, in particular:

Financial Statements as at 28th February 2018

The Shareholders' Meeting approved the Financial Statements as at 28th February 2018 – along with the Board of Directors' Report on management including the Non Financial Statement pursuant to the Italian Legislative Decree 254/2016, the Statutory Auditors' Report and the Independent Auditors' Report – without any change to the draft statutory financial statement approved by the Board of Directors on 26 April 2018.

In addition to that, during the Annual Shareholders' Meeting the Consolidated Financial Statements as at 28 February 2018 was illustrated, showing revenues increased by 12.8% at € 1,873.8 million and Adjusted Net Income equal to € 39.4 million, increased by 8.5%.

Allocation of Net income and reserves. Dividend distribution

The Shareholders' Meeting approved the proposal of coverage of retained losses ad of certain so-called "negative reserves" through earnings - as resulting from the Consolidated Financial Statements as at 28 February 2018 - and reserves of earnings and capital.

The Shareholders' Meeting, moreover, approved the distribution of a dividend of € 1.00 per share, totalling € 20 million, to be taken from the available reserve referred to as "Further Capital Reserves". The dividend, which reflects a pay-out of 50.8% calculated on the Adjusted Net Income¹ , will be paid, in a single amount, on 13 June 2018, with record date on 12 June 2018 and ex-dividend date relating to coupon no. 2 on 11 June 2018.

¹ Adjusted net income is calculated as net income adjusted for (i) the adjustments incorporated in adjusted EBITDA and (ii) the theoretical tax impact of such adjustments.

Remuneration Report

Finally, the Shareholders' Meeting voted in favour of Section I of the Remuneration Report, which describes the Company's remuneration policy for the members of the Board of Directors, General Managers and executives with strategic responsibilities, as well as procedures for the adoption and implementation of such a policy.

For the transmission, storage and filing of the Regulatory Information to be made public, Unieuro S.p.A. chose to use the platforms "eMarket SDIR" and "eMarket STORAGE" managed by Spafid Connect S.p.A., with offices in Foro Buonaparte no. 10, Milan.

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Mr. Italo Valenti, Chief Financial Officer, hereby declares that, pursuant to and in accordance with Article 154-bis, paragraph 2, of Legislative Decree No. 58 of 1998, the information contained in this press release matches the company's documentation, books and accounting records.

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Unieuro S.p.A.

Listed on the STAR segment of the Italian Stock Exchange, Unieuro is now the largest omnichannel distributor of consumer electronics and household appliances with a widespread network of about 500 outlets throughout the country, including direct stores (about 230) and affiliated stores (about 270), its digital platform unieuro.it as well as the e-tailer Monclick. The Company is headquartered in Forlì and has a logistics hub in Piacenza. It has about 4,600 employees and revenues that approached €1.9 billion for the fiscal year ended 28 February 2018..

For information:

Investor Relations Media Relations

Andrea Moretti iCorporate Investor Relations & Corporate Communications Director

+39 335 5301205 Rita Arcuri +39 0543 776769 +39 333 2608159

amoretti@unieuro.com unieuro@icorporate.it investor.relations@unieuro.com

Arturo Salerni +39 335 1222631