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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime

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Freni Brembo SpA Proposes to Distribute Dividend for FY 2012; Plans to Propose New Buy-Back Plan

Tuesday, 5 Mar 2013 07:16am EST 

Freni Brembo SpA announced that it has decided to propose to distribute a dividend for the fiscal year 2012 of EUR 0.40 per share (33.3% increase compared to the 2011 dividend). It will also be proposed that dividends should be paid as of May 16, 2013, ex-coupon number 21 on May 13, 2013. Additionally, the Board of Directors also approved the proposal for a new buy-back plan to be submitted to the forthcoming General Shareholders’ Meeting. Under the proposal, the Board of Directors would be allowed to buy and/or dispose of, on one or more tranches, a maximum of 2,680,000 ordinary shares for a minimum price of EUR 0.52 and a maximum price of EUR 14.00 each. Authorization will be requested for a period of 18 months from the date of the resolution of the Shareholders' Meeting that grants said authorization 

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0.35 +1.28%
23 Dec 2014