2011 Annual Report - Italcementi Group

2011 Annual Report
Presentation 4
General information 15
Annual Report Consolidated Annual Report Directors’ report 150
Extraordinary session Italcementi S.p.A. Annual Report Separate financial statements 239
Resolution
The financial year closed with a profit of 7,001,950.82 euro.
Taking into consideration that, in accordance with art. 7 -paragraph 5- of the company by-laws, in financial
years when a dividend of less than 5% of nominal share value is assigned to the savings shares, the difference
is computed as an increase in the preferred dividend in the two following financial years, the above profit for
the year enables us to assign to the savings shareholders the entire preferred dividend for financial year 2009
and part of the preferred dividend for financial year 2010, and thus to propose the distribution of a dividend to
outstanding savings shares, net of treasury shares held by the company, of 0.066478 euro per share, gross of
legally required withholdings.
We also propose the distribution of the entire “Retained earnings” reserve, with the withdrawal from the reserve
of an overall amount of 3,635,176.77 euro, and of part of the Extraordinary Reserve, with the withdrawal from
the reserve of an overall amount of 29,802,872.79 euro. Taking into consideration that, in accordance with the
above-mentioned art. 7 of the company by-laws, in the event of distribution from reserves, savings shares have
the same rights as other shares, we propose the allocation, for financial year 2011, of 0.12 euro to every
outstanding ordinary and savings share, net of treasury shares held by the company, gross of legally required
withholdings.
* * *
To the Shareholders,
if you agree with our proposals, we invite you to carry the following resolution:
The Italcementi S.p.A. Annual General Meeting of April 18, 2012,
having acknowledged of the directors’ report and the report of the Board of Statutory Auditors after
examination of the financial statements at December 31, 2011;
to approve:
- the directors’ report;
hereby resolves
- the 2011 separate financial statements, consisting of the statement of financial position, income
statement, statement of comprehensive income, statement of changes in equity, statement of cash
flows and notes, which reflect a profit of 7,001,950.82 euro as presented by the Board of Directors in
its entirety, in the individual postings and with the proposed allocations;
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