Banca IFIS’s Board of Directors has approved the 2014 results made public on 20 January. A dividend of 0,66 Euro per share has been proposed

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Banca IFIS’s Board of Directors has approved the draft Annual report for 2014 today, confirming the financial results and outlook that were presented to the market in the voluntary disclosure of January 20th (a summary is attached below). The full versions of the 2014 Annual report and the relative press release are available at the official website:

The Board of Directors’ Meeting has also appointed the President, Sebastien von Fürstenberg, to formally call the Shareholders’ Annual General Meeting to approve the Annual report for 2 April 2015. In addition, this meeting proposed a shareholders’ dividend of 0,66 Euro per share.
“The Bank had declared its commitment to maintain a pay-out ratio of not less than that of 2013, with a dividend increase proportional to net profit” stated Giovanni Bossi, Banca IFIS’s C.E.O.. “We successfully followed this guideline as the dividend proposed is almost 10 cents higher than 2013’s which was already a multi-utility dividend. This – added Mr. Bossi – is a sign of solidity in the Group – a Group which posted excellent results for the year 2014, recording significant growth in all its core sectors and boasting excellent solvency ratios too”.
As for the dividend proposal, Banca IFIS S.p.A.’s Board of Directors resolved to make the following earnings distribution proposal to the Shareholders’ Meeting:

  1. Distribution of a 0,66 Euro cash dividend per share (gross of taxes) for every ordinary share subsequent to detachment of coupon no. 18 on 13 April 2015 (*). This dividend includes the portion attributable to the company’s treasury shares at the same date;
  2. Payment of the dividend from 15 April 2015 through the authorised intermediaries with whom the shares are registered in the Monte Titoli system.

(*) Pursuant to Article 83-terdecies of Leg. Decree no. 58 of 24 February 1998 (the Consolidated Law on Finance), the legitimate payment of dividends is determined according to the shareholders present on the intermediary’s list of shareholders as per article 83-quater, paragraph 3 of the Consolidated Law on Finance, at the end of the trading day of 14 April 2015 (so-called record date).


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