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Piaggio & C SpA Approves Dividend Distribution for FY 2012; Approves Share Buy Back Program


Monday, 15 Apr 2013 11:38am EDT 

Piaggio & C SpA announced that the Company's Annual General Meeting (AGM) approved distribution of a dividend for fiscal year 2012 of EUR 0.092 per ordinary share, not including the portion for outstanding own shares pursuant to art. 2357-ter of the Italian Civil Code, for an overall amount of EUR 33,126,198.96. Shares will trade ex dividend from May 20, 2013, with payment on May 23, 2013. The Piaggio & C. SpA AGM also approved a plan for the purchase and disposal of ordinary own shares, annulling the shareholder resolution of April 13, 2012 to the extent that was not executed. The resolution is designed to provide the Company with a useful investment opportunity for the purposes allowed under law, including the purposes contemplated in the market practices allowed by the Consob pursuant to art. 180, paragraph 1, lett c) of the Consolidated Finance Act with resolution no. 16839 of March 19, 2009 and Regulation CE no. 22/2003 of December 22, 2003, and also for purchases of own shares for subsequent cancellation. 

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