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| - The General Shareholders' meeting of Reply S.p.A. [MTA, STAR: REY] today approved the Financial Statements for the financial year 2019, confirming the distribution of a gross dividend of EUR0.52 per share. The dividend will be paid on 6 May 2020, with dividend date set on 4 May 2020 and record date on 5 May 2020. Financial Statements of the 2019 financial year The Reply Group closed the 2019 financial year with a consolidated turnover of EUR1,182.5 million, recording a 14.2% increase compared to EUR1,035.8 million for the financial year 2018). Consolidated EBITDA amounted to EUR191.3 million, with an increase of 32.1% compared to EUR144.8 million in 2018. Consolidated EBITDA - excluding the effects of the application of IFRS 16 - would have been EUR167.4 million. Consolidated EBIT was EUR155.3 million, which is an increase of 17.3% compared to EUR132.4 million at December 2018). EBIT, excluding the effects of the application of IFRS 16, would have been EUR154.7 million. The Group net profit was at EUR113.9 million, an increase of 14.0% relative to the EUR99.9 million recorded in 2018. The value excluding the effects of the application of IFRS 16 would have been equal to EUR115.4 million. The Shareholders' Meeting also approved, in accordance with the proposal of the Board of Directors, the following resolutions: Resolutions in relation to the purchase and/or sale of treasury shares The Shareholders' Meeting approved a new program for the purchase of treasury shares, while withdrawing the current one ratified in the Shareholders' Meeting of 19 April 2019: the main objective of this plan is the purchase of shares to implement the stock incentive plans, transactions aimed at the acquisition of equity investments, extraordinary financial transactions and/or the closing of agreements with strategic partners. The authorization has a duration of 18 months from the date of the resolution, for a maximum of 7,478,256 ordinary shares (equal to 19.9892% of the current share capital) with a nominal value of EUR0.13 each for a maximum nominal value of EUR972,173.28, within the limit of a maximum financial commitment of EUR200,000,000. The purchase price cannot be lower than the nominal value (currently EUR0.13) and higher than the official price of the exchanges recorded on the MTA market the day before the purchase, increased by 20%. Approval of the Report on the policy regarding remuneration and fees paid The Shareholders' Meeting also approved both the first and the second sections of the report on the remuneration policy and fees paid drafted pursuant to Art. 123-ter of the Legislative Decree. No. 58/1998 Resolution to reset the annual remuneration of the non-executive members of the Board of Directors Resolution to reset the annual remuneration of the members of the Board of Statutory Auditors Revision of the Statutory Rules on increased voting rights pursuant to art. 127-quinquies of the TUF The manager in charge of drafting the company's financial reports, Dr Giuseppe Veneziano, declares in accordance with Paragraph 2 of Article 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the company's records, ledgers and accounting records. Reply Reply [MTA, STAR: REY] specialises in the design and implementation of solutions based on new communication channels and digital media. Reply is a network of highly specialised companies supporting key European industrial groups operating in the telecom and media, industry and services, banking, insurance and public administration sectors in the definition and development of business models enabled for the new paradigms of big data, cloud computing, digital media and the Internet of Things. Reply services include: Consulting, System Integration and Digital Services. www.reply.com This press release is a translation, the Italian version will prevail. View source version on businesswire.com: Contact Media Reply Fabio Zappelli f.zappelli@reply.com Tel. +390117711594 Investor Relation Reply Riccardo Lodigiani r.lodigiani@reply.com Tel. +390117711594 Michael Lueckenkoetter m.lueckenkoetter@reply.com Tel. +49524150091017 © 2020 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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