18/04/2019 - General Shareholder Meeting

last update  18/04/2019
 
Assemblea 2018

The General Shareholders' Meeting of Banca Generali was held today, chaired by Giancarlo Fancel. During the ordinary session, the Shareholders' Meeting:

  • approved the 2018 Financial Statements of Banca Generali S.p.A., which closed with a net profit of €189.1 million (€206.4 million in 2017). Consolidated net profit was €180 million (€204.1 million in 2017);
  • acknowledged the Consolidated Non-financial Statement pursuant to Article 4 of Legislative Decree No. 254/2016, specifically included in the Annual Integrated Report;
  • resolved to distribute a cash dividend of €1.25 per share, for a total payout of €144.9 million. The dividend payment date will be 22 May 2019, ex-coupon No. 13 on 20 May 2019 and record date 21 May 2019;
  • approved the Company’s and Group’s Remuneration and Incentivisation Policy and acknowledged the report concerning the implementation during 2018 of the policy approved by the Shareholders’ Meeting on 12 April 2018;
  • approved the motion to raise to 2:1 the ratio of the variable to fixed component of the remuneration of some company managers included in the category of Key Personnel, as defined in the Remuneration and Incentivisation Policy;
  • approved the adoption of a long-term incentive plan called LTI Plan 2019, intended for executive directors, top managers and managers of Banca Generali S.p.A. and/or of companies of the Banca Generali Group;
  • approved the incentivisation system for 2019 aimed at Key Personnel which envisages settlement of a portion of the variable remuneration in shares, so as to enable a better alignment of the interest of Banca Generali Group’s management and shareholders through a careful management of company risks and the pursuit of long-term strategies;
  • approved the Network Loyalty Plan 2019 for Financial Advisors and Relationship Managers, as part of a long-term programme 2017-2026 aimed at incentivising stabilisation and sustainability of Company’s results by pursuing established growth and asset management objectives;
  • authorised the buy-back and disposal of 667,419 own shares aimed at implementing remuneration and incentivisation policies.
 
Generali Group
Numero Verde 800-155155