2011 Annual Report - Italcementi Group

to apportion the profit for the year as follows:
Profit for the year 7,001,950,82
To the legal reserve -
Residual amount 7,001,950.82
euro 0.05 per share to each of the 105,325,878 savings shares (1) (financial year 2009) 5,266,293.90
Residual amount 1,735,656.92
euro 0.016478 per share to each of the 105,325,878 savings shares (1) (financial year 2010) 1,735,559.82
Total dividend 7,001,853.72
Residual amount 97.10
To the 2011 earnings reserve in favor of savings shareholders 97.10
(1) net of the 105,500 treasury savings shares held at March,2 2012
to withdraw an amount of:
- 3,635,176.77 euro from Retained earnings, which, as a result, is reduced to zero;
- 29,802,872.79 euro from the Extraordinary reserve, which, as a result, decreases from
478,026,655.72 euro to 448,223,782.93 euro,
by assigning 0.12 euro:
- to 173,324,535 outstanding ordinary shares, net of the 3,793,029 ordinary treasury shares held at
March 2, 2012;
- to the 105,325,878 outstanding savings shares, net of the 105,500 savings treasury shares held at
March 2, 2012;
to severally authorize the Chairman, the Executive Deputy Chairman, the Deputy Chairman and the
Chief Executive Officer, should the number of ordinary treasury shares change before the coupon date:
- to raise the “Extraordinary Reserve” by the amount corresponding to the dividend attributable to any
purchased ordinary shares,
- to reduce the “Extraordinary Reserve” by the amount corresponding to the dividend attributable to
any sold ordinary treasury shares.
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