The Fiat Group in 1999 - Report on Operations - Fiat SpA

58
MOTION FOR ALLOCATION OF THE <strong>1999</strong> NET
INCOME AND DIVIDEND DISTRIBUTION
<strong>The</strong> Board of Directors submits to the Stockholders’ Meet<strong>in</strong>g
for approval the f<strong>in</strong>ancial statements for the <strong>1999</strong> fiscal year
and proposes that the net <strong>in</strong>come for the fiscal year of 396,098,804 euros
be allocated as follows:
❚ to the Stockholders a dividend of:
❙ euros 0.620 on ord<strong>in</strong>ary shares (equivalent to about 227 million euros)
❙ euros 0.620 on preference shares (equivalent to about 64 million euros)
❙ euros 0.775 on sav<strong>in</strong>gs shares (equivalent to about 62 million euros)
provided they are outstand<strong>in</strong>g (treasury shares excluded) on the dividend
payment date of June 22, 2000, for a total maximum payout of 353,761,584
❚ to allocate to reta<strong>in</strong>ed earn<strong>in</strong>gs the rema<strong>in</strong>der, which shall not be less than 42,337,220
so that after this entry reta<strong>in</strong>ed earn<strong>in</strong>g will amount to about 247 million euros
Match<strong>in</strong>g total 396,098,804
<strong>The</strong> dividend payable to each ord<strong>in</strong>ary and preference share carries a regular and therefore unrestricted tax credit of 0.566 euros,
and a limited tax credit of 0.054 euros. <strong>The</strong> dividend payable to each sav<strong>in</strong>gs share carries a regular and therefore unrestricted
tax credit of 0.708 euros, and a limited tax credit of 0.067 euros.
Tur<strong>in</strong>, April 7, 2000
<strong>The</strong> Board of Directors
By:
Paolo Fresco
Chairman
Euros