Iren S.p.A. Shareholders' Meeting approves the 2020 Financial Statements, proposes dividends in the amount of 9.50 eurocents per share and appoints the new Board of Statutory Auditors and its Chairman

Iren S.p.A. Ordinary Shareholders' Meeting today approved Iren S.p.A.’s Financial Statements at 31 December 2020, the Management Report and the proposed allocation of the profit for the fiscal year in the amount of € 210,063,019.55 as resolved by the Board of Directors on 25 March 2021, as follows:

  • € 10,503,150.98, equal to 5% of the profit for the fiscal year, to the legal reserve;
  • € 123,588,480.82 as dividend to Shareholders, corresponding to € 0.095 for each of 1,300,931,377 ordinary shares constituting the Company’s share capital, noting that own shares, will not benefit from the dividend. The dividend will be paid starting from 23 June 2021, with a validity date for dividend registration of 21 June 2021, and recording date of 22 June 2021;
  • the carried forward profits in the amount of at least € 75,971,387.75 shall be allocated to special reserve.

Furthermore, with a wide majority, the Shareholders’ Meeting: (i) approved the first section (“2021 Remuneration Policies”) of the Report on 2021 Remuneration Policy and 2020 Remuneration Paid; (ii) voted in favour of “Section Two” (“Remuneration paid in 2020”) of the Report on 2021 Remuneration Policy and 2020 Remuneration Paid; (iii) appointed the Board of Statutory Auditors and its Chairman for the three-year period 2021-2022-2023 and finally defined the annual remuneration to be paid to the standing members of the Board of Statutory Auditors.