- New board of statutory auditors appointed for 2012-2014
- €0.28 per share dividend voted: payment 24 May 2012, ex-dividend 21 May 2012
- Authorization for buy back of 12,720,000 Company shares (5% of share capital) approved
- Further modifications to the Company’s by-laws approved
Milan , 19 April 2012 - The meeting of the shareholders of Autogrill S.p.A. (Milan: AGL IM) held today in ordinary and extraordinary session under the chairmanship of Gilberto Benetton approved the separate financial statements for 2011 and voted a dividend of € 0.28 per share. The dividend will be made payable on 24 May 2012, the ex-dividend date being 21 May 2012.
Appointment of new statutory auditors
The approval of the financial statements at 31 December 2011 marked the end of the current statutory auditors’ term of office. For the three-year period 2012-2014, the shareholders appointed the following candidates from lists submitted by the majority shareholder Schematrentaquattro S.r.l. and a number of minority shareholders to be the three standing statutory auditors (Marco Rigotti, Luigi Biscozzi and Eugenio Colucci) and two reserve statutory auditors (Pierumberto Spanò and Giuseppe Angiolini), to hold office till approval of the financial statements at 31 December 2014. The Meeting appointed Marco Rigotti as chairman of the board of statutory auditors.
Appointment of a director
The shareholders’ Meeting appointed Massimo Fasanella d'Amore di Ruffano as a non-executive director of the company.
Authorization to purchase treasury shares
The shareholders authorized the acquisition and eventual subsequent disposal of up to 12,720,000 ordinary treasury shares (5% of the share capital), subject to revocation of the resolution voted by the shareholders on 21 April 2010. Such authorization is required so that the Company can intervene in the case of fluctuations in the share price beyond normal market trends and also for capital transactions or other operations requiring exchange or transfer of shareholdings or serving incentive schemes (stock option and stock grant plans) for executive directors and/or employees of the Company and/or its subsidiaries. The Company currently holds 1,004,934 treasury shares, representing around 0.395% of the share capital. The authorization by the Meeting is for a period of 18 months from today.
The shareholders’ Meeting approved a number of modifications to art. 2 (corporate purpose) of the Company’s by-laws proposed by the board of directors to further clarify the definition of the Group’s activities in its two business sectors, Food and Beverage and Travel Retail.
The Meeting also examined the report on the Group’s remuneration policy and long-term incentive plans approved by the board of directors and expressed a favourable opinion of it.