ANNUAL REPORT 2004 - Luxottica Group

(1) 1 ADS = 1 ordinary share.
(2) Converted by The Bank of
New York at the Lira/US$
exchange rate on, respectively,
July 8, 1994, July 6, 1995, July 5,
1996, July 7, 1997, July 6, 1998
and at the Euro/US$ exchange
rate on July 9, 1999, July 6,
2000, July 12, 2001, July 5,
2002, July 3, 2003 and June 24,
2004.
(3) If approved, the dividend per
share will be converted into U.S.
Dollars by The Bank of New York
on June 23, 2005.
(4) Figures from 1994 to 1999
have been retroactively adjusted
to reflect the five-for-one stock
split which was effective April 16,
1998, and the two-for-one stock
split which was effective June
26, 2000.
(5) Figures through 1999 have
been calculated converting the
dividend in Italian Lira by the
fixed rate of Lire 1,936.27 =
Euro 1.00. Beginning with the
2000 financial statements the
dividend is declared in Euro.
(6) Proposed by the Board of
Directors and to be submitted
for approval to the Annual
Shareholders’ Meeting on June
15, 2005.
ANNUAL REPORT 2004
PROPOSED DIVIDEND
AND RELATED TAX REGIME
PROPOSED DIVIDEND FOR FISCAL YEAR
ENDING DECEMBER 31, 2004
At the Annual Ordinary Shareholders’ Meeting of
Luxottica Group S.p.A. to be held in Milan on June 15,
2005 on first call, the Board of Directors of the
Company, taking into consideration the foreseeable
growth and profit prospects of the Group, will submit
to shareholders a proposal to adopt a resolution for
the distribution of a cash dividend in the amount of
Euro 0.23 per ordinary share, and therefore per
American Depositary Share (each American
Depositary Share represents one ordinary share). This
proposal compares with a cash dividend, distributed
in 2004, of Euro 0.21 per ordinary share.
If approved, Luxottica Group will pay the dividend to all
holders of ordinary shares of record on June 17, 2005,
and to all holders of ADSs of record on June 22, 2005.
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
In order to be a ADS holder of record on June 22,
2005 and thus be entitled to such dividend, you must
purchase the ADSs on or before June 17, 2005. The
ordinary shares listed on the Milan Stock Exchange,
and the ADSs listed on the New York Stock Exchange,
will be traded ex-dividend on June 20, 2005.
The dividend will be paid on June 23, 2005, in Euro,
by Monte Titoli S.p.A., authorized intermediary, to all
ordinary shares’ depository banks. For the holders of
ADSs, the dividend will be paid to The Bank of New
York, as depositary of the ordinary shares and the
issuer of the ADSs, through UniCredito Italiano S.p.A.,
as custodian under the Deposit Agreement. The Bank
of New York anticipates that dividends will be payable
to all the ADSs holders commencing from and after
June 30, 2005, upon satisfaction of the documentation
requirements referred to below, at the Euro/U.S. Dollar
exchange rate in effect on June 23, 2005.
GROSS DIVIDEND PER ORDINARY SHARE (OR AMERICAN DEPOSITARY SHARE)
Euro (5)
0.230 (6)
0.210
0.210
0.170
0.140
0.085
0.074
0.063
0.052
0.045
0.041
(1) (4)
US$ (2)
n.a. (3)
0.256
0.242
0.165
0.120
0.081
0.075
0.068
0.059
0.057
0.049
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