IL Sole 24 ORE S.p.A.: Annual General Shareholders' meeting - FY2007 financial statements approved with the best operating result of the last decade
On the date of his appointment, Marino Vago did not own any shareholding in Il Sole 24 Ore SpA. The lawyer Marco Weigmann, a Studio Tosetto, Weigmann e Associati’s senior partner, on the date of appointment did not own any shareholding in Il Sole 24 Ore SpA.
The professional resumés of the two new directors are available on the Company’s website (www.gruppoilsole24ore.com), in the Governance section.
EBITDA amounted to € 57.9 mn vs. € 46.5 mn in 2006.
Net profit amounted to € 37.4 mn, growing by € 14.6 mn vs. FY2006.
This result was affected by some non-recurring items including – for 2007 – income arising from recalculation of post-employment employee benefits following legislative changes (€ 4.6 mn), the costs of attribution of bonus shares
to employees (€ 1.8 mn), and the capital gain on sale of London Stock Exchange Group shares (€ 13.3 mn) and – for 2006 – the capital gain on disposal of non current assets.
As regards the dividend, the AGM approved the proposal for distribution of a dividendtotalling € 13.910.913,83 of which € 4.442.913,83 for the holders of special-category shares (i.e. € 0.1208 for each of the 36,779,088 special-category shares outstanding) and € 9.468.000,00 to holders of ordinary shares (i.e. € 0.1052 for each of the 90,000,000 ordinary shares outstanding). Given the IPO price of € 5.75, the annualised dividend yield of special-category shares is 5.1%.
The dividend premium payable under Company By-laws to special-category shares held by the company has been reallocated to the special-category shares outstanding.
to be totally dedicated to the Group’s growth” commented the Chairman of the Il Sole 24 Ore Group, Giancarlo Cerutti.
Press office, Il Sole 24 ORE:
Ginevra Cozzi - Tel. +39 02/3022.4945 – Cell. +39 335/1350144
PMS: Fabio Marando – Cell. +39 329/4605000