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ENAV’s Shareholders' Meeting approves the 2018 Financial Statements

 

Dividend of € 0.1998 per share
 
Rome, 26th April 2019 - The Shareholders' Meeting of ENAV S.p.A., held today, approved the financial statements of the company for the year 2018 and viewed the consolidated financial statements for the Group.
 
Key consolidated financial results
  • Revenue: 889.7 million euro (+0.9% YoY)
  • EBITDA: 297.4 million euro (+4.9% YoY)
  • EBIT: 164.4 million euro (+12% YoY)
  • Net profit: 114.4 million euro (+12.7% YoY)
  • Net Financial Position: 1.9 million euro
 
EXTRAORDINARY PART
 
Amendment of Article 7.2 of the Articles of Association concerning the calling of the ordinary Shareholders’ Meeting
The Shareholders' Meeting resolved to amend Article 7.2 of the Articles of Association in relation to the calling of the shareholders’ meetings to approve the financial statements. Following the approval of the resolution the relevant clause of the Articles of Association is amended as follows: “The ordinary Shareholders’ Meeting shall be convened at least once a year to approve the financial statements within one hundred and eighty days of the end of the year, as the Company is required to prepare consolidated financial statements”.
 
ORDINARY PART
 
Dividend
The Shareholder’s Meeting resolved to pay a dividend of € 0.1998 per ordinary share for a total amount € 108,240,528.123. The dividend will be paid on 22 May 2019, with ex-dividend date on 20 May 2019 and the record date on 21 May 2019. The dividend payment notice will be published in at least one national financial daily newspaper on 27 April 2019.
 
Remuneration Report
The Shareholders' Meeting voted in favor of the first section of the Remuneration Report of the Board of Directors prepared pursuant to Art. 123-ter (3) of Italian Legislative Decree no. 58/98, approved by the Board of Directors on 11 March 2019 and describing the Company's policy on remuneration for the financial year 2019.
 
Appointment of the Board of Statutory Auditors and determination of the remuneration of the Chairman of the Board of Statuary Auditors and of Statuary Auditors.
The Shareholders' Meeting, based on the lists of candidates submitted by the Shareholder Ministry of the Economy and Finance (List 1) and by a group of asset management companies and other institutional investors (List 2), appointed the members of the Board of Statutory Auditors for the three-year period 2019-2021 in the persons of Dario Righetti (List 2), as Chairman and Franca Brusco (List 1) and Pierumberto Spanò (List 1) as Standing Auditors, as well as Roberto Cassader (List 2) and Francesca Parente (List 1) as Alternate Auditors.
The Shareholders' Meeting also resolved to confirm the remuneration for the members of the Board of Statutory Auditors indicating € 40,000 gross per year for the Chairman of the Board of Statutory Auditors and € 25,000 gross per year for each standing Statutory Auditor.
 
Reinstatement of the composition of the Board of Directors and appointment of the Chairman
The Shareholders' Meeting has resolved to:
  • reinstate the composition of the Board of Directors, in the number of directors established at the time by resolution of the Shareholders' Meeting of 28 April 2017, with the appointment of Pietro Bracco as a member of the Board of Directors
  • confirm the Director Nicola Maione as Chairman of the Board of Directors
 
Participation in the Shareholders' Meeting
The Shareholders' Meeting recorded a significant participation by shareholders, with attendance of 80.71% of the share capital.
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The summarized voting results will be made available on the Company's website (www.enav.it), in accordance with Art. 125-quater of the Consolidated Law on Finance, within the prescribed period of five days from the Meeting.
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The manager in charge of compiling the company’s accounting documents, Loredana Bottiglieri, hereby declares, pursuant to art. 154-bis, par. 2, of the Consolidated Act on Finance, that the accounting information contained in this release is aligned with the information set forth in the company’s accounting documents, books and records.