The General Shareholders' Meeting of Banca Generali was held today, chaired by Paolo Vagnone.
During the ordinary session, the Shareholders' Meeting:
approved the 2015 Financial Statements of Banca Generali S.p.A., which closed with a net profit of 184.3 million (167.5 million in 2014). Consolidated net profit was 203.6 million (160.9 million in 2014);
resolved to distribute a dividend of 1.20 per share (0.98 in 2014), for a total payout of 139.2 million. The dividend payment date will be 25 May 2016, ex-coupon No. 10 on 23 May 2016 and record date 24 May 2016;
approved the Companys and Groups Remuneration and Incentivisation Policy and acknowledged the report concerning the implementation during 2015 of the policy approved by the Shareholders Meeting on 23 April 2015;
approved the motion to raise to 2:1 the ratio of the variable to fixed component of the remuneration of a limited number of specifically identified persons, as defined in the Remuneration and Incentivisation Policy;
authorised the buy-back and disposal of 67,051 own shares aimed at implementing remuneration and incentivisation policies;
appointed the following Alternate Auditors: Maria Maddalena Gnudi (the first candidate of
the list submitted by Assicurazioni Generali) and Carlo Delladio (the first and sole candidate of the list submitted under the aegis of Assogestioni). The aforementioned Alternate Auditors will remain in office until the approval of the Financial Statements for the year ending 31 December 2017.
The resumes of the newly appointed Alternate Auditors have been published on the
Companys website, www.bancagenerali.com, in the section Corporate Governance AGM.