Consolidated Financial Statements >
Directors’ Report
42
| 2012 annual report prysmian group
On 18 April 2012, the shareholders’ meeting of Prysmian
S.p.A. was held in single call to vote on the approval of the
2011 financial statements and the appointment of the Board
of Directors. The meeting, which was attended by more than
a thousand shareholders, in person or by proxy, representing
approximately 56% of the share capital, approved every item
on the agenda with a majority vote. In particular, as regards
the appointment of the Board of Directors, the meeting set
the Board’s size at 11 members with a mandate lasting three
years. Based on the three slates presented, 9 directors were
elected from the first slate (proposed by the outgoing Board
of Directors) and 2 from the second slate (proposed by the
shareholder Clubtre S.r.l.). The Board of Directors appointed
Massimo Tononi as Chairman and confirmed Valerio Battista as
CEO and General Manager and Pier Francesco Facchini as CFO.
The Shareholders’ Meetings also approved the distribution of
a dividend of Euro 0.21 per share, an increase of approximately
27% on the dividend distributed in 2011 of Euro 0.166. The
dividend payment took place on 26 April 2012, for a total of
Euro 44 million (compared with a total pay-out of Euro 35
million the previous year).
Shareholders’ Meetings
