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Sabaf SpA (SABF.MI)

SABF.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sabaf to purchase 70 pct stake in ARC Srl for EUR 4.8 mln
Thursday, 9 Jun 2016 11:37am EDT 

Sabaf Spa : Signs agreement for purchase of a 70 percent stake in ARC Srl . Price for 70 percent stake in ARC Srl is 4.8 million euros ($5.44 million) . The transaction is expected to be completed by the end of June .ARC Srl is manufacturer of burners for professional cooking.  Full Article

Sabaf approves regulation for increased voting rights
Thursday, 9 Jun 2016 06:17am EDT 

Sabaf SpA :Approves regulation for increased voting rights.  Full Article

Sabaf Q1 net profit falls to EUR 1.6 mln
Tuesday, 10 May 2016 07:31am EDT 

Sabaf SpA : Q1 net profit 1.6 million euros ($1.82 million) versus 3.1 million euros a year ago . Q1 revenue 30.9 million euros versus 37.5 million euros a year ago .A moderate decline in sales and profitability is expected for the full year 2016.  Full Article

Sabaf SpA proposes FY dividend
Thursday, 11 Feb 2016 06:54am EST 

Sabaf SpA:Proposes FY dividend of ‍0.48 euro per share.  Full Article

Saleri sells 20 pct stake in Sabaf SpA
Thursday, 21 Jan 2016 11:51am EST 

Sabaf SpA:‍Giuseppe Saleri SapA (Saleri), parent company of Sabaf, signs an agreement for the sale of 20 pct of Sabaf share capital to a subfund of the Quamvis SCA Sicav-FIS fund (collectively, "Quaestio") for about 26.8 million euros or 11.60 euros per share.Following the Transaction, Saleri will remain the relative majority shareholder in Sabaf with a stake of approximately 30.7 percent.  Full Article

Sabaf SpA launches share buyback program, to buy up to 10 pct of share capital
Monday, 14 Sep 2015 05:37am EDT 

Sabaf SpA:Announces the launch of share buyback program approved on May 5.To buy back up to 1,153,345 shares, equal to 10 percent of share capital.Price not more than 10 percent higher than the average of the official prices recorded on the equity market in the five sessions prior to the transaction.  Full Article

Sabaf SpA proposes FY 2014 dividend of 0.40 euro per share
Tuesday, 10 Feb 2015 07:18am EST 

Sabaf SpA:Proposes FY 2014 dividend of 0.40 euro per share.  Full Article

Sabaf SpA approves extraordinary dividend of 1.00 euro per share
Tuesday, 28 Oct 2014 06:21am EDT 

Sabaf SpA:Approves the proposal to pay an extraordinary dividend of 1.00 euro per share.The ex-date for the dividend will be Nov. 10, with payment date on Nov. 12.  Full Article

Sabaf SpA proposes extraordinary dividend
Tuesday, 23 Sep 2014 11:43am EDT 

Sabaf SpA:Says that its Board of Directors is to propose the payment of an extraordinary dividend of 1.00 euro per share to the shareholders' meeting convened for Oct. 28.If approved by the shareholders' meeting, the dividend ex-date will be Nov. 10, with payment from Nov.12.The payment of the extraordinary dividend is made possible and appropriate given the current business and financial position of the group, which at June 30 had net financial debt of 19.8 million euros and consolidated shareholders' equity of 118.8 million euros.EBITDA was 24.6 million euros in 2013 and 14 million euros in the first half of 2014.The proposed dividend would lead to a cash outlay of 11.5 million euros.  Full Article

BRIEF-Sabaf to purchase 70 pct stake in ARC Srl for EUR 4.8 mln

* Signs agreement for purchase of a 70 percent stake in ARC Srl