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FINANCIAL STATEMENTS AND EXPLANATORY NOTES
314
| 2012 annual report prysmian group
Movements in treasury shares are as follows:
Retained earnings
Retained earnings amount to Euro 138,368 thousand at 31
December 2012, having increased by Euro 54,390 thousand
since 31 December 2011 following the apportionment of net
profit for 2011.
In compliance with art. 2427, no. 7-bis of the Italian Civil
Code, the following table analyses each component of equity,
indicating its origin, permitted use and distribution, as well as
how it has been used in previous years.
Dividend distribution
The shareholders of Prysmian S.p.A. voted on 18 April 2012 to
distribute a gross dividend of Euro 0.21 per share, for a total of
Euro 44 million; this dividend was paid on 26 April 2012, with
the shares going ex-dividend on 23 April 2012.
A proposal to pay a dividend per share of Euro 0.42 for a
total of some Euro 89 million in respect of the year ended 31
December 2012 will be presented to the Shareholders’ Meeting
convened in single call for 16 April 2013.
The present financial statements do not reflect any liability for
the proposed dividend.
Key:
A: to increase capital. B: to cover losses. C: distribution to shareholders.
(*) Entirely available for capital increases and to cover losses. For other uses it is first necessary to adjust the legal reserve to 20% of share capital (including by
transferring amounts from the share premium reserve). At 31 December 2012 such an adjustment would amount to Euro 3 thousand.
Treasury shares
Number of
Total
% of total
Average
Total carrying
ordinary
nominal value share capital
unit value
value
shares
(in Euro)
(in Euro)
(in Euro)
At 31 December 2010
3,028,500
302,850
1.66%
9.965
30,179,003
- Purchases
-
-
-
-
-
- Sales
-
-
-
-
-
At 31 December 2011
3,028,500
302,850
1.41%
9.965
30,179,003
- Purchases
-
-
-
-
-
- Sales
-
-
-
-
-
At 31 December 2012
3,028,500
302,850
1.41%
9.965
30,179,003
(in thousands of Euro)
Amount
Permitted use available for
Nature/description
Amount
(A,B,C)
distribution
Uses in three previous years
to cover losses
other purposes
Share Capital
21,451
Capital reserves:
Capital contribution reserve
6,113
A,B,C (*)
6,113
Share premium reserve
485,496
A,B,C
485,496
Earnings reserves:
Extraordinary reserve
52,688
A,B,C
52,688
IAS/IFRS first-time adoption reserve
30.177
A,B,C
30,177
Legal reserve
4,288
B
Retained earnings
138,368
A,B,C
138,368
25,488
Total
738,581
712,842
25,488
Undistributable amount
3
Distributable amount
712,839
