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Prysmian SpA Updates on FY 2012 Dividend; Approves Share Buy-Back Program; Updates on Bond Issuance by Approving Share Capital Increase

Tuesday, 16 Apr 2013 12:23pm EDT 

Prysmian SpA announced that the shareholders' meeting approved the financial statements for 2012 and the distribution of a gross dividend of EUR 0.42 per share for a total of some EUR 89 million. The dividend will be paid out from April 25, 2013, with the shares going ex-div on April 22, 2013, record date on April 24, 2013, and will be payable to shares outstanding on the ex-div date. The shareholders' meeting also authorized a treasury share buy-back and disposal programme and revocation of the previous authorization under the shareholder resolution dated April 18, 2012. This programme provides the opportunity to purchase, on one or more occasions, a maximum number of ordinary shares whose total cannot exceed 10% of share capital, equal to 18,420,002 ordinary shares as at April 16, 2013 date, after deducting the treasury shares already held by the Company. The shareholders' meeting also authorized to convert the equity-linked bond with nominal value equal to EUR 300,000,000.00 expiring on March 8, 2018, reserved to Institutional Investors and named, €300,000,000 1.25 per cent. Equity Linked Bonds due 2018, issued on March 8, 2013, approving the consequent increase in share capital, in a divisible form, serving the abovementioned convertible bond by a maximum nominal amount of EUR 1,344,411.30, by issuing up to 13,444,113 ordinary shares of the Company with a nominal value of EUR 0.10 each, amending the art. 6 of the By-laws accordingly. 

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0.63 +4.41%
21 Nov 2014