VILLORBA, Italy — The Shareholders’ meeting of Massimo Zanetti Beverage Group S.p.A. (“MZBG” or the “Company”), one of the leading international company in the production, processing and marketing of roasted coffee and other selected categories of colonial products, listed on the Milan Stock Exchange (MZB.MI), approved on April 10, 2018, the 2017 financial results as previously deliberated by the Board of Directors on February 28, 2018 and disclosed to the market through a press release on the same day.
The Shareholders’ meeting resolved to approved to distribute a dividend of Euro 0.17 per share (+13% increase compared to the previous year), gross of tax, to be drawn on the available reserves included in the item “Other Reserves” in the 2017 Financial Statements, for an overall amount of Euro 5,831,000.
The cash dividend will be payable on May 23, 2018, with ex-date (No. 3) on May 21, 2018 and record date on May 22, 2018.
The Shareholders’ meeting resolved to allocate the net profit for 2017, amounting to Euro 6,720,896 as follows: Euro 336,045 to the legal reserve and the remaining amount, equal to Euro 6,384,851, to retained earnings.
Furthermore, the Shareholders’ meeting resolved in favor of the first section of the Remuneration Report as per article 123-ter TUF and Article 84-quater of Consob’s Resolution No. 11971/1999.
Minutes of the Shareholders’ Meeting
The minutes of the Shareholders’ Meeting will be made available at the company’s headquarters and on the authorised storage system eMarket Storage (www.emarketstorage.com), within thirty days from the date of the meeting and on the Company’s website (www.mzb-group.com, section “IR/Shareholders Information”).
A summary of the voting results of the Shareholders’ Meeting will also be available on the Company’s website within five days from the date of the meeting, in accordance with legal requirements.
Declaration by the manager in charge of the company’s financial reports
The Manager in charge of the Company’s financial reports, Leonardo Rossi, pursuant to paragraph 2 of Article 154-bis of Italy’s Consolidated Law on Finance (TUF), declares that, based on his knowledge, the accounting information contained in this press release corresponds to the documented results, books and accounting records.